CenturyLink, Medina Capital Deal Closes with Launch of Cyxtera Technologies

Cyxtera Technologies, a secure data center infrastructure and security services company, was unveiled today, following the close of a $2.8 billion deal that combined assets from communications company CenturyLink and private equity firm Medina Capital.

Under the deal, CenturyLink's data centers and related colocation business were merged with Medina's security and data analytics holdings. The combined assets allow Cyxtera to offer a secure infrastructure platform to handle and support both private and public cloud customers and deliver software and services that could also extend security to their on-site environments.

Cyxtera will operate 57 data centers across the globe with software-based perimiter security and identity and context-aware controlled access, as well as network analytics. The company will focus on delivering fraud prevention and authentication services for specific industries such as financial institutions and government agencies.

Miami-based Cyxtera will operate with 1,100 employees worldwide and serve 3,500 customers across the globe.

Read more about Cyxtera here.