Story image

The birth of Cyxtera Technologies: BC Partners and Medina Capital join forces

05 May 2017

Private equity firms BC Partners and Medina Capital today announced the closing of the acquisitions of CenturyLink’s portfolio of data centres and associated colocation business and of Medina Capital’s security and data analytics portfolio.

With the completion of these transactions, valued at approximately US$2.8 billion in the aggregate, the combined assets form a new business, Cyxtera Technologies, which begins operations immediately.

Cyxtera brings together a global data centre footprint and a modern, cloud-ready security portfolio from four innovative companies – Cryptzone, Catbird, Easy Solutions, and Brainspace.

The combined portfolio offers a secure and resilient infrastructure platform built for today’s complex, hybrid IT architectures, capable of securing and supporting dedicated infrastructure, private and public clouds, with software and services capabilities that extend protection to on-premises environments.

Cyxtera serves more than 3,500 customers around the world.

“The last two decades have brought seismic changes to enterprise IT availability, agility and scalability, and the next era must be underpinned by a similar revolution in infrastructure security,” says Medina Capital's founder and managing partner Manuel Medina. 

He has been named the CEO of Cyxtera.

“I am proud and excited to be working with an all-star team of seasoned professionals with proven success in the fields of IT infrastructure and cybersecurity as we launch a new global platform to help realize this vision, to help our customers operate and secure their critical applications and business systems.”

“I’m delighted to welcome our team, our customers, and our partners to Cyxtera,” he adds.

BC Partners managing partner Justin Bateman says, “as the complexity of the IT environment grows and threats to its security continue to multiply, it is more important than ever before that institutions – both in the public and private sectors – integrate security into their core infrastructure strategy.” 

Portfolio and company highlights:

  • A global colocation market leader, operating 57 world-class data centres, with more than 50 carrying Uptime Institute’s Management and Operations (M&O) Stamp of Approval
  • A context-aware, identity-centric access control solution that surpasses outdated hardware-defined and perimeter-centric approaches to infrastructure security with a 'software-defined perimeter' approach that increases resilience, simplifies management complexity and reduces costs
  • Specialised fraud prevention and authentication services for specific verticals including financial institutions and government agencies
  • Advanced investigative and network analytics to help better predict, prevent and detect threats
  • Headquartered in Miami, Florida, with 1,100 employees around the world and major security and analytics operations in Boston, Dallas, Silicon Valley, Bogotá, Gothenburg and London
Silicon Valley to lose its tech centre crown to global cities
A new survey of tech industry leaders found the majority believe it is likely the Valley will be usurped within four years by other cities around the world.
Hybrid cloud set to mitigate vendor lock-in within Thailand
IDC has released its top 10 predictions for Thailand's IT industry through to 2022.
French cloud giant sets up shop in two APAC data centres
OVH Infrastructure has expanded its public cloud services in the Asia Pacific (APAC) market operating from two data centres within the region.
SecOps: Clear opportunities for powerful collaboration
If there’s one thing security and IT ops professionals should do this year, the words ‘team up’ should be top priority.
Data center colocation market to hit $90b in next five years
As data center services grow in popularity across enterprises large and small, the colocation market is seeing the benefits in market size.
Google doubles down on hybrid cloud strategy
CSP is a platform that aims to simplify building, running, and managing services both on-premise and in the cloud.
OVH launches public cloud down under
OVH Public Cloud services is expanding to Australia out of two data centres - one in Sydney and one in Singapore.
Huawei invests in cloud deployment for Singapore
The company says its new strategic investment reflects growing demand for cloud service solutions across Asia Pacific.