Investment to Provide Latin American Solution for CyrusOne Customers
DALLAS--(BUSINESS WIRE)--Oct. 8, 2018-- CyrusOne Inc. (:CONE, news), a premier global data center REIT, today announced that it is making a $12 million investment in exchange for a 10% equity interest in ODATA Brasil S.A. and ODATA Colombia S.A.S. (collectively “ODATA”).
ODATA is one of the leading data center providers in Brazil focused on serving the needs of hyperscale cloud companies. Brazil is the largest and fastest-growing data center market in Latin America and ODATA is well-positioned to capture much of this growth. The company currently has over 12 megawatts (“MW”) of capacity with plans to develop over 100 MW in Brazil, and will soon be launching construction in Colombia. ODATA is majority owned by Patria Infrastructure Fund III, managed by Patria Investments (“Patria”), a leading private equity firm in Brazil.
In connection with this investment, CyrusOne and ODATA entered a commercial agreement covering leasing activity with CyrusOne customers in the ODATA portfolio. In addition, Kevin Timmons, CyrusOne’s chief technology officer, will join the ODATA board of directors.
“We are excited to partner with Patria and the ODATA team as they scale their business throughout Latin America. To date, Brazil and other LATAM markets have largely been served by a limited number of providers, leading to few options and high costs for our customers. The combination of our collective resources will form the basis of a powerful platform from which we can better serve these customers’ increasingly global needs,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “Through Patria, which holds a number of investments across the communications infrastructure space, customers in ODATA’s facilities will have access to both dark fiber and lit services via Vogel Telecom, another portfolio company. At the same time, we will work with ODATA, helping the company build a scalable platform that can deliver high quality facilities at the lowest cost.”
“We are thrilled with the investment and endorsement by CyrusOne, and we look forward to working with their team as we scale the business,” said Ricardo Alario, chief executive officer of ODATA. “CyrusOne is a leader and innovator in the data center industry, and their design and construction expertise will be valuable in delivering timely, cost-efficient builds to hyperscale companies.”
CyrusOne will provide further details on its third quarter earnings call scheduled for October 31, 2018.
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CyrusOne (NASDAQ:CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its more than 45 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
ODATA is a Brazilian headquartered company specialized in providing colocation services to wholesale customers, such as hyperscale cloud providers, financial services and telecommunications companies, and also to enterprises across multiple industries. The company is focused in building and operating data centers in a pure-colocation and carrier-neutral model throughout Brazil and Latin America. ODATA provides flexible, reliable and secure infrastructure growth capabilities to its customers, through an experienced project and operations team.
ODATA started its operations in 2015, currently operates a high-density data center in São Paulo and is deploying its second data center in Bogota, Colombia. Its growth plan includes investments in the region to build and operate multiple interconnected hyperscale data centers. ODATA is backed by Patria Investments, a global alternative asset management company. Additional information is available at www.odatacolocation.com [odatacolocation.com].
Patria Investments is a global alternative asset management company that this year celebrates 30 years’ experience in Brazil. Pioneer in Private Equity industry in Brazil, has gradually expanded its portfolio with the creation of a new business in the segments of Infrastructure, Real Estate, and Credit. Currently, has 8 global offices in the key-cities of São Paulo, Rio de Janeiro, New York, Los Angeles, London, Dubai, Bogota, and Santiago. Patria has Blackstone - a global leader in the management of alternative investments - as a relevant partner since 2010. Additional information is available at www.patria.com [patria.com].
Source: CyrusOne Inc.
Vice President, Capital Markets & Investor Relations