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Cyxtera Technologies, Inc. (CYXTQ) is a leading provider of secure and resilient infrastructure solutions for enterprises, government agencies, and service providers. With a global network of state-of-the-art data centers and a suite of cloud-ready security and analytics offerings, Cyxtera ensures a secure environment for critical applications and systems. Serving over 3,500 clients worldwide, Cyxtera is committed to delivering integrated, cutting-edge solutions to meet the evolving needs of the digital landscape.
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Cyxtera (OTC: CYXTQ) announced the approval of the sale of its assets to Brookfield Infrastructure Partners L.P. This transaction will provide Cyxtera with additional financial flexibility, enabling it to benefit from Brookfield’s global infrastructure expertise. The sale will strengthen and optimize Cyxtera’s data center portfolio, positioning it for long-term growth. The company expects to complete the transaction and emerge from the court-supervised process in the first quarter of 2024.
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Cyxtera (CYXTQ) Releases Positive Q3 2023 Business Update, Revenue Grows by 7.5% Year Over Year
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Cyxtera launches AI + Quantum Center of Excellence in the UK, providing a testing and activation hub for companies exploring AI and quantum computing. Founding partners include Fujitsu, Boston Limited, Oxford Quantum Circuits, SECQAI, Amulet Hotkey, and Asperitas. Fujitsu is deploying its AI Test Drive Lab in Cyxtera's COE, offering direct access to infrastructure and solutions. OQC and Cyxtera partner on integrating a quantum computer in a colocation data center. The COE experience includes workshops, training, proof of concept, and deployment options.
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Cyxtera collaborates with HPE to offer Enterprise Bare Metal solution supported by HPE GreenLake platform, providing operational flexibility of the cloud with performance, control, cost-predictability, and security. Quick Start TCO Workshop program helps assess IT infrastructure and compare costs with colocation, bare metal, and public cloud. HPE buys back old hardware through Asset Upcycling Services. Benefits include quick provisioning, cost reduction, improved performance and security, maximum control, simplified capacity planning, and access to interconnection services and technology partners.
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Cyxtera has reached a key milestone in its Chapter 11 process by filing a proposed Plan of Reorganization. The proposed plan, supported by the company's lenders, aims to optimize the capital structure and reduce pre-filing funded debt by over $950 million. The plan provides flexibility for a balance sheet recapitalization or a sale of the business. In the second quarter of 2023, Cyxtera delivered solid growth in total revenue, recurring revenue, core revenue, and transaction adjusted EBITDA. Final bids for the sale process are due on August 18, 2023.
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Cyxtera, a global leader in data center colocation and interconnection services, has been recognized as a Leader in the 2023 ISG Provider Lens™: Private Hybrid Cloud – Data Center Services report. This is the second year in a row that Cyxtera has won this designation. Cyxtera was recognized for its rich colocation and interconnection services, robust partner ecosystem, patented Digital Exchange network fabric, self-service customer portal, excellent remote hands services, and exceptional compliance levels.
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FAQ
What is the market cap of Cyxtera Technologies (CYXTQ)?
The market cap of Cyxtera Technologies (CYXTQ) is approximately 126.2K.
What does Cyxtera Technologies do?
Cyxtera Technologies provides secure and resilient infrastructure solutions for enterprises, government agencies, and service providers.
How many clients does Cyxtera Technologies serve?
Cyxtera Technologies serves over 3,500 clients worldwide.
What sets Cyxtera Technologies apart from its competitors?
Cyxtera Technologies combines a global network of data centers with modern security and analytics offerings, providing integrated solutions for critical applications and systems.
What is Cyxtera Technologies' focus in terms of services?
Cyxtera Technologies focuses on delivering cloud- and hybrid-ready security and analytics solutions to meet the evolving needs of the digital landscape.
How does Cyxtera Technologies contribute to digital security?
Cyxtera Technologies ensures a secure environment for critical applications and systems, offering clients peace of mind in an increasingly interconnected world.
What is the mission of Cyxtera Technologies?
Cyxtera Technologies is committed to delivering cutting-edge infrastructure solutions that drive innovation and security in the digital era.
Where is Cyxtera Technologies headquartered?
Cyxtera Technologies is headquartered in Miami, Florida.
How does Cyxtera Technologies support its clients' needs?
Cyxtera Technologies provides an integrated, secure, and resilient infrastructure platform that meets the diverse needs of enterprises, government agencies, and service providers.
What is the goal of Cyxtera Technologies' portfolio of offerings?
Cyxtera Technologies aims to provide clients with modern solutions that enable them to navigate the complexities of the digital landscape with confidence and security.
How does Cyxtera Technologies adapt to industry changes?
Cyxtera Technologies continually evolves its offerings to stay ahead of industry trends and meet the dynamic needs of its clients.
Who uses Cyxtera Technologies' services?
Cyxtera Technologies serves a wide range of clients, including enterprises, government agencies, and service providers, who rely on its secure infrastructure solutions for their critical applications and systems.
Cyxtera Technologies, Inc.
OTC:CYXTQ
CYXTQ Rankings
CYXTQ Stock Data
126.22k
94.95M
20.99%
26.69%
4.53%
Information Technology Services
Technology
United States
Coral Gables