DALLAS, June 19, 2013 (GLOBE NEWSWIRE) -- Global data center services provider CyrusOne (Nasdaq:CONE) today said that new Arizona data center legislation will benefit customers, and, in particular, California companies interested in cost-effectively locating an IT deployment in an area of the country with low rates of seismic activity, access to a robust fiber network, a highly educated technology workforce, and low-latency connectivity to West Coast cities.
"As a founding member of the Arizona Data Center Coalition and the owner of what will be the largest multi-tenant data center in Arizona, we're excited to offer large enterprise and web-scale companies an opportunity to benefit from sales tax exemptions on new data center investment," said Stuart Levinsky, western region general manager for CyrusOne. "Arizona was already a prime location for a data center, given its low rate of natural hazards and its business-friendly environment. Now, these new tax incentives provide a unique advantage to Arizona since most states don't provide them to customers. We estimate that large enterprises or web-scale companies taking 5 megawatts could now expect to save roughly $30 million or more over a 10-year period when including power savings."
Large Data Center and Legislation Benefits Customers
CyrusOne's Phoenix data center is part of a master-planned campus built on 56 acres of land in the technology corridor just outside of Phoenix in Chandler, Ariz. which includes top technology companies such as Intel, eBay, GoDaddy, and others. Upon completion, it will be one of the largest and most energy-efficient multi-tenant data centers in the country, with a facility footprint of nearly 1,000,000 square feet and power capacity of 100 megawatts delivered from an onsite substation.
CyrusOne's unique Massively Modular® facility design approach enables quick deployment of customer data center requirements, including single-purpose-built dedicated facilities as well as shared infrastructure solutions.
Delivering Best-in-Class Facilities and Interconnectivity
CyrusOne specializes in highly reliable enterprise data center colocation, engineering facilities with the highest power redundancy (2N architecture), and power-density infrastructure required to deliver excellent availability.
Earlier this year, CyrusOne launched its National Internet Exchange (IX), which provides Phoenix customers, especially those based in California, with the opportunity to drive additional revenue by improving their immediately addressable market; reduce expenses with a lower-cost option for point-to-point connectivity between data centers; and improve service quality through higher levels of resiliency.
With the CyrusOne National IX, customers can now connect to their own enterprise-owned facilities and to third-party facilities to seamlessly engage the full ecosystem of business partners, content providers, networks, carriers, Internet service providers, and Ethernet buyers and sellers within a single metro area, between cities, and across regions.
CyrusOne operates 24 carrier-neutral data center facilities across the United States, Europe, and Asia that give customers the flexibility and scale to perfectly match their specific growth needs. The company is renowned for exceptional service and for building enduring customer relationships and high customer satisfaction levels. Customers include nine of the global Fortune 20 companies and more than 100 of the Fortune 1000.
This release and the documents incorporated by reference herein contain forward-looking statements regarding future events and our future results that are subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as "expects," "anticipates," "predicts," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "may," variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this release and those discussed in other documents we file with the Securities and Exchange Commission (SEC). More information on potential risks and uncertainties is available in our recent filings with the SEC, including CyrusOne's Form 10K report and Form 8-K reports. Actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update any forward-looking statements for any reason.
CyrusOne (Nasdaq:CONE) specializes in highly reliable enterprise-class, carrier-neutral data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for more than 500 customers, including nine of the global Fortune 20 and more than 100 of the Fortune 1000 companies.
CyrusOne's data center offerings provide the flexibility, reliability, and security that enterprise customers require and are delivered through a tailored, customer service-focused platform designed to foster long-term relationships. CyrusOne's Internet interconnection platform provides robust connectivity options to drive revenue, reduce expenses, and improve service quality for enterprises, content, and telecommunications companies. CyrusOne is committed to full transparency in communication, management, and service delivery throughout its 24 data centers worldwide.
CONTACT: Mindy Miller or Lisa McLaughlin firstname.lastname@example.org gyro for CyrusOne (O) 513.671.3811