Behind the Deal: 3 things to know about Cyxtera s $3 4B SPAC merger - South Florida Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Cloud cybersecurity startup Lumu raises a $7.5 million Series A
Miami-based cybersecurity startup Lumu today announced the closing of its $7.5 million Series A. The round was co-led by SoftBank Group Corp.’s SB Opportunity Fund and Panoramic Ventures.
Lumu, co-founded and headed by Colombian native Ricardo Villadiego, offers a cloud-based service that helps companies continually scan and react to data compromises in real time. The company collects and standardizes metadata from across the network, including DNS queries, network traffic, access logs from perimeter proxies, firewalls and spam box filters, then applies AI to correlate threat intelligence from these disparate data sources to isolate confirmed points of compromise.
By Reuters Staff
2 Min Read
(Reuters) - Starboard Value Acquisition Corp s special-purpose acquisition company is discussing a merger deal with Cyxtera Technologies Inc that would value the data-center provider at around $3.4 billion including debt, the Wall Street Journal reported here on Sunday.
Cyxtera’s existing owners, including private-equity firms BC Partners and Medina Capital, are planning to roll their equity stakes into the combined firm, the report said, citing people familiar with the matter.
The deal could be finalized by Monday, assuming the talks don’t fall apart, the report said.
Starboard and Cyxtera did not immediately respond to Reuters requests for comments.
Cyxtera To Go Public At $3.4B Valuation Through SPAC Merger
Cyxtera was formed in 2017 through the merger of 57 data centers owned by CenturyLink with four cybersecurity and data analytics companies. Now, after spinning out a secure access vendor and generating an estimated $690 million in 2020 revenue, the company is set to go public. By Dylan Martin February 22, 2021, 11:23 AM EST
Data center colocation provider Cyxtera Technologies plans to go public at a $3.4 billion valuation through a merger with a special purpose acquisition company, an increasingly popular way for companies to become publicly traded.
The Coral Gables, Fla.-based company said Monday that it has entered into a definitive agreement to merge with Starboard Value Acquisition Corp., a publicly traded special purpose acquisition company, or SPAC, as they are more commonly known. The company operates 61 data centers across 29 markets worldwide and counts more than 2,300 enterp