CyrusOne Inc has expanded its footprint into Brazil by picking up a 10% stake in Brazilian data center services provider Odata SA, allowing it to lease data center space to customers in South America.
Owned by Patria Infrastructure Fund, Odata has extensive operations in South America’s largest economy, with plans to build a data center in Colombia.
“To date, Brazil and other LatAm markets have largely been served by a limited number of providers, leading to few options and high costs for our customers,” said Gary Wojtaszek, President and CEO of CyrusOne.
“The combination of our collective resources will form the basis of a powerful platform from which we can better serve these customers’ increasingly global needs.”
As part of the deal, the American company will make available its technology tools for Odata to upgrade its data centers. In return, the Brazilian company will give CyrusOne a seat on its management board.
“CyrusOne is a leader and innovator in the data center industry, and their design and construction expertise will be valuable in delivering timely, cost-efficient builds to hyperscale companies,” said Ricardo Alario, CEO of Odata.
This is CyrusOne’s first major investment outside of the United States this year, having acquired an 8% stake in China’s GDS Holdings last year.
Dallas, Texas-based CyrusOne, which runs more than 45 data centers worldwide, has recently won permission to build a large data center in Ireland.