Data Center Consolidation Accelerates with CyrusOne, CoreSite Deals>
Channel Insider – Jeffrey Burt
Consolidation in the data center market, which had already been well underway for the past several years, accelerated this month when two of the top four providers announced they were being acquired for a total of $25 billion.

CyrusOne, the worldâs third-largest U.S. data center operator, is being bought by investment firms KKR and Global Infrastructure Partners (GIP) for $15 billion in the largest deal in the fast-moving market. CyrusOne, which has been listed on the NASDAQ since 2013, will go private once the deal closes.

At the same time, CoreSite â number four in the United States â is being bought for $10.1 billion by American Tower, a real estate investment trust (REIT) making its first significant foray into the data center market.

CyrusOne has more than 50 enterprise-class data centers and colocation facilities on three continents, more than 40 million square feet of rentable space and more than 1,000 customers, according to the company. Those customers include 200 of the Fortune 1,000, who leverage such services as colocation, hyperscale and build-to-suit environments.

For its part, CoreSite has 25 data centers and 21 cloud on-ramps, along with more than 32,000 connections in eight major U.S. markets, including Silicon Valley, Los Angeles, Boston, New York and Northern Virginia. The company has partnerships with such cloud providers as Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM Cloud, Oracle Cloud, Alibaba Cloud and VMware.
Link: https://www.channelinsider.com/news-and-trends/data-center-consolidation-cyrusone-coresite/