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Nov 13, 2018

CyrusOne Announces New Appointments to Support Global Expansion

Tesh Durvasula Promoted to President, Europe;

John Gould Promoted to Chief Commercial Officer

DALLAS--(BUSINESS WIRE)--Nov. 13, 2018-- CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced that Tesh Durvasula has been promoted to President, Europe, charged with oversight of the European organization and leadership of CyrusOne’s expansion in a region with strong, fast-growing data center demand. Durvasula, who currently serves as Executive Vice President (EVP) and Chief Commercial Officer, has been with CyrusOne for six years, a period during which the Company’s revenue has nearly quadrupled. In addition, John Gould has been promoted from EVP, Global Sales, to EVP & Chief Commercial Officer, with responsibility for leading the sales and marketing organizations. Durvasula and Gould will both report directly to Gary Wojtaszek, President and CEO of CyrusOne. These promotions are effective December 1, 2018.

“I am thrilled to have Tesh lead our European expansion efforts as we plan to develop the largest platform on the continent, taking advantage of a unique opportunity to capitalize on accelerating demand across the region, particularly for the larger-scale deployments in which we specialize,” said Wojtaszek. “He has built a world-class sales organization and driven significant growth during his tenure at CyrusOne, and I look forward to leveraging his capabilities to deliver similar results in Europe. I am also excited for John to assume the leadership of our sales and marketing organizations as he has done a tremendous job helping us to improve and scale our sales processes with a data-driven focus and deliver continued strong revenue growth in his two years with CyrusOne.”

“I am privileged to have the opportunity to lead a very talented group of people as we build an organization, culture and platform in Europe that will enable us to replicate the success we have had in the U.S.,” said Durvasula. “This is an exciting time for the company as we take this important next step in our international expansion in support of our broader initiative to meet our customers’ needs throughout the world.”

In August 2018, CyrusOne established a presence in Europe by closing its previously announced acquisition of Zenium Data Centers, a leading hyperscale data center provider with properties in London and Frankfurt, Europe’s two largest data center markets. Additionally, the Company has sites in process across London, Frankfurt, Dublin and Amsterdam for a total prospective European footprint of nearly 500 megawatts.

Safe Harbor

This release contains 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 and markets in which we and our customers 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," "will”, 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 or operating performance, our anticipated growth and trends in our and our customers’ industries, businesses and markets, 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 and are subject to numerous 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, the Company’s ability to successfully integrate the Zenium acquisition and execute and integrate its organic site acquisition and further expansion and development initiatives, 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 10-K report, Form 10-Q reports, and Form 8-K reports. Forward-looking statements made in this release speak only as of the date of this release. We undertake no obligation to revise or update any forward-looking statements for any reason.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing 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 approximately 1,000 customers, including 208 Fortune 1000 companies.

With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its 47 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.

Source: CyrusOne Inc.

CyrusOne Inc.
Michael Schafer
Vice President, 972-350-0060
Capital Markets & Investor Relations
investorrelations@cyrusone.com