Global Colocation Company CyrusOne announces closing of acquisition Cervalis

14:38
Global Colocation Company CyrusOne announces closing of acquisition Cervalis -

CyrusOne Inc. (NASDAQ: CONE) closed the previously announced acquisition of Cervalis, a private operator holding four facilities data center facilities and two recovery work area serving the metropolitan area of ​​New York. The transaction expands the existing portfolio of CyrusOne 31 through 12 distinct markets data centers (10 cities in the US, London and Singapore).

Under the terms of the transaction, a subsidiary of CyrusOne Cervalis acquired for about $ 400 million, excluding expenses related to the transaction in an all-cash transaction.

global-colocation-cyrusone "We are excited about the Cervalis welcome in the family CyrusOne as Boccardi Mike and his team have created the platform of financial services data center first in the metropolitan area New York, "said Gary Wojtaszek, President and CEO of CyrusOne . "Cervalis is very complementary to our existing operations, strengthening our geographic footprint by establishing a presence in a very important market on the East Coast and providing an attractive portfolio of corporate clients, including some of the largest companies financial services in the world. "

transaction adds four data centers Tier 3+ facilities and two of the autonomous work area recovery facilities serving the metropolitan area of ​​New York in force the platform CyrusOne data center. The Cervalis facilities currently include more than 500,000 gross square feet, including more than 130,000 square feet roommate and over 100,000 square feet of space recovery work area.

During the fiscal year 2014 and the first quarter of 2015, Cervalis generated revenues of $ 69 million and $ 20 million , respectively, with about two-thirds are from colocation services, and the rest of the interconnect, managed services, and work area recovery products. At the end of the first quarter of 2015, 78% roommate square feet in the Cervalis facilities was used. By now most of the raised floor space available, now has the ability under the hull to provide incremental roommate 50,000 square feet.

Cervalis serves approximately 220 corporate customers, with a particular niche serving some of the largest financial institutions in the world, including several Fortune 1000 companies . About two-thirds of its sales in 2015 first quarter came from customers in the financial services sector.

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