Latest cyrusone publications

CyrusOne joins the EUDCA Board of Directors and Policy Committee

The European Data Centre Association (EUDCA) has announced that colocation company CyrusOne has joined the Board of Directors and Policy Committee as an Associate Member, where it will support the organisation’s efforts to monitor, educate and encourage best practice in data centre policy in Europe and around the world.

CyrusOne is a leading global data centre real estate investment trust (REIT) with a significant European portfolio totalling nearly 150 megawatts of operational facilities and sites under development across Frankfurt, London, Amsterdam and Dublin. The company has recently stepped up efforts to promote sustainability in the European and wider data centre industry.

CyrusOne announces $300,000 Covid-19 donation

Colocation giant CyrusOne has announced a $300,000 donation to food banks and charities supporting people facing food insecurity due to the coronavirus pandemic.

CyrusOne is donating $250,000, while president and CEO Tesh Durvasula is adding a $50,000 personal donation to European charities and US foodbanks, including Feeding America, Member Food Bank, the North Texas Foodbank.

CyrusOne cuts 12 percent of workforce in savings drive

Global data centre provider CyrusOne is sacking 55 employees as it seeks to save costs in response to oversupply and dwindling demand in the US market.

The Dallas-based company announced the cuts in a statement on Monday and expects the move to provide nearly $11m in savings.

Affected employees will receive severance as well as customary transition assistance.

Report: CyrusOne mulls sale after bidder approach

CyrusOne is considering a sale after the colocation company was approached by a group of bidders, including KKR & Co., Stonepeak Infrastructure Partners and I Squared Capital. 

The group has not yet made a bid but has alerted CyrusOne that it is in the preliminary stages of proposing one. A source familiar with the matter told Bloomberg that there are other bidders interested in CyrusOne and that the Dallas-based company has not yet made a decision on a potential takeover.

Plans unveiled for largest data centre in Ireland

Towns in Ireland are scrambling to compete for a slice of the data centre pie, viewing centres as a quick route to transforming the economic fortunes of their areas The latest proposition is an eye-watering €400m, 51-hectare, 90mw, site in Clare, presented to councillors this week, one year after the council earmarked Clare’s potential as a… Read More