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Press
Releases
CYRUSONE EXPANDS
BUSINESS RELATIONSHIP WITH DYNEGY
Provider of electricity, natural
gas, and natural gas liquids retains local
technology services provider and expands
services.
Houston, TX,
February 16, 2004 –CyrusOne
(www.cyrusone.com) announced
that Dynegy, Inc. (NYSE:DYN) has elected
to expand and extend their contract with
CyrusOne for the next five years. Under
their contract, CyrusOne provides a variety
of technology services to Dynegy including
production hosting and business continuity
solutions. With corporate headquarters in
downtown Houston and energy assets and operations
throughout the United States, Dynegy provides
electricity, natural gas and natural gas
liquids to wholesale customers in the United
States and to retail customers in the state
of Illinois.
CyrusOne’s team
of engineers will continue working with
Dynegy to manage their systems, as well
as identify opportunities that could save
the energy company future capital and monthly
expenses. “It’s incredibly satisfying
to our team to know that a company like
Dynegy values our work and chooses to continue
this relationship. We are committed to providing
each of our clients the highest quality
and flexibility of service to augment their
in-house staff and let them focus on their
business objectives. I believe that Dynegy’s
decision to extend this relationship is
a vote of confidence that we are accomplishing
these goals,” commented David Ferdman,
CEO of CyrusOne.
The CyrusOne and Dynegy
business relationship originated more than
two years ago when Dynegy was looking for
a local solution for their hosting and business
continuity needs. Dynegy required a partner
that could provide more than a secure and
redundant facility, and in the end it was
the expertise of CyrusOne’s technical
staff and the creativity of their solution
that served as the critical factors in their
decision.
With customers across
the United States depending on Dynegy for
their energy needs, the company recognized
the importance of integrating a comprehensive
business continuity strategy as part of
their overall operating plan. “Our
original decision to select CyrusOne as
a hot site was a tactical business decision
that has enabled us to quickly and proactively
deploy critical personnel without incurring
additional costs,” stated Blake Young,
executive vice president and chief administrative
officer of Dynegy. “The additional
services that CyrusOne will provide will
ensure that we continue to meet internal
technology services commitments and business
obligations.”
The first company in
their industry to offer their clients a
100% availability guarantee, CyrusOne has
seen considerable growth since first opening
its doors in Houston several years ago to
provide hosting, remote monitoring, application
management and business continuity solutions.
About CyrusOne
CyrusOne is a leading full service IT firm
providing managed hosting, remote monitoring,
colocation and managed services to companies
to enhance the performance and efficiency
of their critical business applications.
With a customer-centric focus, CyrusOne
was the first within the industry to offer
a 100% availability guarantee and remains
committed to delivering solutions and services
that ensure application availability, data
security, and superior network performance.
Many clients, including emerging service
providers and Fortune 500 companies, leverage
the redundancy and security of CyrusOne’s
next generation facility to host and manage
their critical applications, servers, and
network infrastructure. For additional information
on the company, visit www.cyrusone.com.
Media Contact
Kim Padgett
713.664.5356
Kim@ThePadgettGroup.com
Elena Perales
CyrusOne
713.821.1260 x1374
eperales@cyrusone.com
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