CME Group announced an agreement to sell its data center in Aurora, Ill. to CyrusOne Inc., a global data center services provider, for $130 million. The transaction is subject to customary closing conditions.
As part of the sale, CME Group will enter into a 15-year lease for data center space and will continue to operate its electronic trading platform, CME Globex, from the data center and offer co-location services there.
CME Group will have the ability to expand co-location services within the leased space. The agreement also outlines ways in which CyrusOne and CME Group will enhance the range of services available to their mutual customers through connectivity, hosting and data offerings.
“This transaction allows us to enter into a long-term lease to meet our data center needs while focusing our resources on what we do best—running our exchanges, providing global risk management and offering a broad range of technology services,” John Pietrowicz, CFO at CME Group, said in a statement.
By entering into this relationship with CyrusOne, CME helps ensure that its customers will have cost-efficient access to an even broader set of infrastructure and data services, including disaster recovery, cloud access, data storage and high-performance computing, Pietrowicz says.
Through the acquisition, CyrusOne will increase the size of its portfolio to 33 data centers across the U.S., Europe and Asia, and strengthen its offerings within the financial services market.
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