Cyxtera Minneapolis MP2

Operating Company

Cyxtera Technologies, a company founded in 2017 by former Terremark CEO Manuel Medina, was built on the former CenturyLink and Savvis data center portfolio. Cyxtera's business model combines data center colocation with network security.

Cyxtera Acquisitions

• 2017
  • Acquired CenturyLink data centers for $2.15 billion
  • Brainspace: an analytics platform that helps governments conduct digital investigations;
  • Cryptzone: an enterprise security firm
  • Catbird: another enterprise security firm focused on securing internal corporate networks and implementing and enforcing corporate security policy;
  • Easy Solutions: electronic fraud detection and prevention company
• 2018
  • Immunity, Inc: an offense-oriented cyber security company

The Cyxtera-CenturyLink Deal

The CenturyLink deal tied the Cyxtera and Centurylink companies together. CenturyLink is now one of Cyxtera's biggest customer and CenturyLink also holds a 10% stake in Cyxtera. The deal also provided cash for CenturyLink's acquisition of Level 3 Communications in 2017.

Cyxtera at a Glance

• Top 3 global colocation market share
• 2.6 million sq. ft. of data center space
• 3,500 customers
• 1,100 employees
• Combined IP and market leadership of Cryptzone, Catbird, Easy Solutions and Brainspace
• Expertise in identity-centric security and advanced threat and behavioral analytics

Cyxtera Founded from Centurylink's Data Centers

A consortium led by private equity firms BC Partners and Medina Capital formed Cyxtera through the acquisition of a data center footprint and associated colocation business from CenturyLink along with four companies that comprised Medina Capital's Security and Analytics portfolio – Cryptzone, Catbird, Easy Solutions and Brainspace – in a $2.8 billion transaction.