Latest M&A publications
Global data centre provider CyrusOne is sacking 55 employees as it seeks to save costs in response to oversupply and dwindling demand in the US market.
The Dallas-based company announced the cuts in a statement on Monday and expects the move to provide nearly $11m in savings.
Affected employees will receive severance as well as customary transition assistance.
Insight Partners has announced the acquisition of Swiss software startup Veeam for $5 billion, just months after the private equity firm invested $500 million in the data management company.
Veeam, which posted revenues of $1 billion last year and has 365,000 customers worldwide, helps companies manage data backup and recovery across public clouds and their in-house data centres. Following the deal, Veeam will become a US company.
Digital Realty has announced the acquisition of Amsterdam-based colocation and interconnection provider Interxion in an all-stock deal worth $8.4bn.
The acquisition surpasses Digital Realty’s $7.6 billion purchase of DuPont Fabros Technology as the largest acquisition in the history of the data centre industry and puts an end to recent speculation over the future of Interxion, rumoured to be mulling takeover bids from several investment firms.
The latest organisation interested in acquiring Cyrus One is its data centre rival Digital Realty, according to Bloomberg.
Last month Bloomberg broke the news that Cyrus One was looking at potential suitors after receiving takeover interest, prompting the Texas-based data centre company’s stock to surge.
CyrusOne is considering a sale after the colocation company was approached by a group of bidders, including KKR & Co., Stonepeak Infrastructure Partners and I Squared Capital.
The group has not yet made a bid but has alerted CyrusOne that it is in the preliminary stages of proposing one. A source familiar with the matter told Bloomberg that there are other bidders interested in CyrusOne and that the Dallas-based company has not yet made a decision on a potential takeover.