History of CyrusOne

BACKGROUND

2000
August
CyrusOne is founded. First 11 months devoted to building the management team, designing solutions and processes, development of enterprise management systems, and data center construction.

2001
June
CyrusOne opens Houston data center doors. Launch unexpectedly coincides with the assault of Tropical Storm Allison. Event creates new awareness about system vulnerability for many Houston businesses and institutions.

September
Tragic events of 9/11 and the infamous Enron-type securities scandals lead to a number of federal regulations including the Patriot Act and the Sarbanes-Oxley Act. These regulations placed a renewed emphasis on business continuity and disaster recovery plans and solutions.

CyrusOne formalizes a series of services to help companies meet new system availability and security requirements as well as incorporating their personnel logistics and workspace issues.

The technology economy declines sharply. External investment slows, companies IT budgets are frozen to capitalize on the investments made during the Y2K period.

2002
CyrusOne secures several enterprise clients including two Fortune 500 “anchor clients.”

CyrusOne launches remote enterprise monitoring and management (monitoring and managing critical devices remote from our data center) as well as NOCC services leveraging the company’s investment in the HP OpenView platform.

CyrusOne rolls out Internet-based client portal to clients. Client Operations Portal enables receipt of a seamless, real-time look at the status and performance of their entire network from any location supporting Internet log-in.

CyrusOne reaches major milestone, Phase I of data center build-out reaches 60% of capacity. Managed services sees growth among clients in various industries including financial services, energy, medical, technology, legal, call center, and others.

CyrusOne continues to see momentum as over 90% of clients increase services with CyrusOne within the first 12 months of service.

Client surveys continue to exhibit positive feedback as CyrusOne receives “Excellent” or “Very Good” marks when ranked on service delivery and client satisfaction.
Sales cycles are still over double the initial forecast.

2003
CyrusOne leverages the expertise of its world-class staff to launch a variety of IT infrastructure consulting services. Key competencies include assessment, design and implementation including network performance and design, network security, fault and performance management, as well as change control management.

By Q2 we were remotely monitoring over 2,000 critical network devices and servers throughout North America and Europe from our Houston NOCC.

Continuing to respond to client needs, CyrusOne boasts an extensive list of providers including 11 competitive telecommunications providers, 8 of which are Metropolitan Network Providers in our data center. (A unique offering in our industry, the menu of providers gives our clients more choices and lower price points for this critical element of their IT infrastructure.)

CyrusOne completes that acquisition of Pro-Tier, a New Orleans based hosting and ASP provider, completed. CyrusOne moves all customers to Houston.

Client base now includes numerous publicly traded enterprise corporations with combined market capitalizations of over $1 Billion.

2004
CyrusOne increases investment in consulting services by acquiring some of the assets of Adaptive IT as well as the addition of industry experts to the staff.

CyrusOne prepares for Phase II of the data center build-out, an event that will expand capacity within the current 65,000 sq. foot facility.

CyrusOne is strongly positioned to compete and succeed as the industry begins using new “Compute on Demand” terminology for many of the same services CyrusOne has provided for 3 years.
CyrusOne prepares to open a second 18,000 sq. foot facility in Northwest Houston

2005
CyrusOne completes Phase II of it's flagship facility located on the Southwest freeway, expanding an additional 6,000 sq. feet. Phase III is expected to open in early 2006.

CyrusOne's Greenspoint facility opened its doors in early April as trend in IT Infrastructure outsourcing continues. The 18,000 sq. foot Greenspoint facility give customers additional flexibility and business continuity options.

2006
Phase III of the Houston data center is complete. A significant portion of the customers we are working with are members of the Oil and Gas / Energy community in Houston. We are finding that our knowledge of this industry and the experience we have in this industry are beneficial to our customers in that we already understand their challenges and goals. In June 2006, CyrusOne opened an enterprise data center in Dallas located downtown in the Univision Tower at 2323 Bryan Street. CyrusOne has successfully migrated the critical computing systems for various customers operating high availability production systems into this enterprise class facility.

2007
CyrusOne was acquired by ABRY Partners, a media and communications focused, Boston-based private equity firm. Since 2001, CyrusOne has built a strong presence in the high availability colocation and managed data center services marketplace. Over the past four years, the company has achieved strong top line and bottom line growth with a prominent niche in the energy, financial services, and healthcare marketplaces. With the completion of this transaction, CyrusOne seeks to accelerate its expansion. CyrusOne’s existing management team will continue their leadership of the company.