It’s been a whirlwind 2013 thus far for CyrusOne. The data center service provider has completed its IPO, opened two large data centers, upgraded power at another, and reported record sales and leasing in its first earnings report as public company. The company, which was spun off from parent Cincinnati Bell, is looking at new markets and could expand through acquisitions, executives say.
CyrusOne leased 41,000 square feet of data center space in the fourth quarter of 2012, with more than half of that activity focused in San Antonio and Houston, the company reported. New customers including seven Fortune 1000 companies, bringing its total to 115 members of the Fortune 1000. CyrusOne now has 518 customers, adding 31 new customers during to 2012.
“In spite of the fiscal cliff concerns, our customers continue to purchase from us to the point where we had record sales in the quarter,” said Gary Wojtaszek, President and CEO of CyrusOne. “At the end of the quarter, our San Antonio facility which we just commissioned in July was 60 percent sold out. Our London facility sold out and basically everything in Houston sold out plus we sold some additional space across the rest of our portfolio.”
Building in Multiple Markets
Those deals boosted data center utilization to 78 percent at the end of 2012. In recent weeks, CyrusOne has been adding capacity, commissioning the first facility on its new Phoenix data center campus, completing an expansion phase on its West Houston campus and upgrading the power infrastructure in its facility in Lewisville, Texas. The Lewisville site, in the Dallas market, now has 25 MVA of redundant utility capacity from Texas New Mexico Power .
“This upgraded infrastructure is designed to support our customers’ growth, particularly those within the rapidly expanding financial and energy markets,” said John Hatem, vice president of data center design and construction at CyrusOne. “With nearly three times the amount of total available power, this upgrade will help us to better serve our customers with higher density and availability in both the short and long term.”
In Phoenix, CyrusOne commissioned 36,000 square feet of data center space, the first phase in the company’s vision for a 1 million square foot campus. The construction of the first phase was completed in a little more than seven months (see A Data Center Blooms in the Desert for details). Construction on the new Houston West facility was also completed in seven months, the company said last week.
“We are commissioning our sites at record-setting speeds compared to the two or three year timeframes it typically takes an enterprise company to design and build their own facility,” said Kevin Timmons, chief technology officer at CyrusOne. “Our speed to market and quick deployment times, are some of the key reasons that our Fortune 1000 customers mention when choosing to do business with us. The efficiency of our supply chain and engineering capabilities, allow our customers to easily grow with us.”
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