July 12, 2007 -- (WEB HOST INDUSTRY REVIEW) -- Colocation and data center operator CyrusOne (cyrusone.com) announced on Wednesday it has been acquired by media and communications private equity firm ABRY Partners (abry.com).
Since 2001, CyrusOne has built a strong presence in the high availability colocation and managed data center services marketplace. As a leader in high availability, high density data center services, providing managed hosting, colocation and managed IT services, CyrusOne has helped businesses optimize returns on technology investment while ensuring application availability, data security and superior IT performance.
The completion of this acquisition enables CyrusOne to accelerate its expansion, while its existing management team will continue its leadership of the company. Signal Hill Capital Group initiated and advised CyrusOne in this transaction.
"The completion of this acquisition represents a significant step for CyrusOne to accelerate our growth and give the company significant strategic options to aggressively grow the business," says David Ferdman, CEO of CyrusOne. "We are excited about the value that ABRY brings to our team and anticipate the tremendous opportunity this transaction creates for both existing and new customers."
