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  • A context-aware, identity-centric access control solution that surpasses outdated hardware-defined and perimeter-centric approaches to infrastructure security with a 'software-defined perimeter' approach that increases resilience, simplifies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
Intel building US’s first exascale supercomputer
Intel and the Department of Energy are building potentially the world’s first exascale supercomputer, capable of a quintillion calculations per second.
Vertiv appoints new Malaysia country manager
"With Wooi Keat leading the Malaysia business, I am confident that we will be able to solidify our position as the preferred partner for critical infrastructure solutions.”
NVIDIA announces enterprise servers optimised for data science
“The rapid adoption of T4 on the world’s most popular business servers signals the start of a new era in enterprise computing."
Unencrypted Gearbest database leaves over 1.5mil shoppers’ records exposed
Depending on the countries and information requirements, the data could give hackers access to online government portals, banking apps, and health insurance records.
Site24x7 enters China market with new Shanghai data centre
This is Site24x7’s fifth data centre around the globe, with the company set to announce another in Beijing in the next quarter.
Storage is all the rage, and SmartNICs are the key
Mellanox’s Kevin Deierling shares the results from a new survey that identifies the key role of the network in boosting data centre performance.
Opinion: Moving applications between cloud and data centre
OpsRamp's Bhanu Singh discusses the process of moving legacy systems and applications to the cloud, as well as pitfalls to avoid.
Global server market maintains healthy growth in Q4 2018
New data from Gartner reveals that while there was growth in the market as a whole, some of the big vendors actually declined.