Houston, TX, Feb. 17, 2004 — CyrusOne announced that Dynegy, Inc. 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.
CyrusOne is a 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.
Dynegy Inc. provides electricity, natural gas and natural gas liquids to wholesale customers in the United States and to retail customers in the state of Illinois. The company owns and operates a diverse portfolio of energy assets, including power plants totaling approximately 13,000 megawatts of net generating capacity, gas processing plants that process more than 2 billion cubic feet of natural gas per day and approximately 40,000 miles of electric transmission and distribution lines.