DataBank Closes A Deal Worth $670 Million By Acquiring Four CyrusOne Data Centers

Business News News March 9th 2022

DataBank has bought four CyrusOne Data Centers in the Houston area for $670 million.

The four datacenter facilities collectively have more than 300,000 square feet of raised floor, data-centre capacity, and 42.5 megawatts of power to DataBank’s portfolio. This brings DataBank’s portfolio to more than 65+ facilities and 2.0M square feet of raised-floor data centre capacity.

DataBank is known as a leading provider of enterprise-class collocation, connectivity, and managed services. This transaction makes Houston the 28th metro market in DataBanks’ U.S Portfolio by expanding what is already the largest edge infrastructure footprint in the country.

The acquisition agreement terms, say, DataBank has acquired the data centre located at 4201 Southwest Freeway, formerly known as the Cyrus Galleria, as well as the Houston West Campus. These will be the primary metro’s interconnection points that consist of over 30 fibre networks and 3,500 cross-connects and public cloud-on ramps from AWS and Google. The campus is situated only 20 minutes west of Downtown Houston and is already home to three data centres previously known as West I, West II, and West III.

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Data Center Market In Houston

Raul K. Martynek, Chief Executive Officer (CEO) at DataBank said, DataBank has deep roots in Texas, and hence we are very excited to strengthen our partnership in the state, even deeper with this expansion into the Houston market. We are keen to bring our digital infrastructure to the fourth-largest metro in the U.S. This acquisition is a symbol of our commitment to this market and our belief in its continued prosperity.

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