Cyxtera Technologies

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  • Cyxtera Technologies, Inc.
  • Legal Name: Cyxtera Technologies, Inc.
  • Website: www.cyxtera.com
  • Founded: 2017
  • Stock Symbol: NASDAQ: CYXT

What is Cyxtera Technologies?

Cyxtera is a provider of data center colocation, enterprise bare metal, and interconnectivity services. It operates 62 data centers in 28 markets around the world. Cyxtera Technologies provides an integrated, secure, and resilient infrastructure platform.

Private equity firms BC Partners and Medina Capital acquired CenturyLink, Inc.’s portfolio of data centers and associated colocation business and Medina Capital’s security and data analytics portfolio in 2017. With the completion of these transactions, valued at approximately $2.8 billion in the aggregate, the combined assets form a new business, Cyxtera Technologies. Greater Miami Area, East Coast, Southern US are its headquarters regions. After the business combination with Starboard Value Acquisition in 2021, Cyxtera’s shares of Class A common stock began trading on The Nasdaq Global Select Market under the symbol “CYXT” and its warrants under “CYXTW.”

The colocation provider offers a complete suite of power, space, interconnection, bare metal, and remote management solutions to more than 2,300 leading enterprises and U.S. federal government agencies. In addition, Cyxtera helps build secure, direct, and dynamic connections with over 180 cloud on-ramps and over1000 network providers. Notably, Cyxtera’s Compute as a Service model reduced capital expenditures while rapidly scaling up to meet business needs.

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