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Cyxtera poaches investor relations weapon from Iron Mountain, CoreSite

Appointment comes a week after Moody’s Investors Service (Moody’s) upgraded the credit rating of Cyxtera to B3 and changed its outlook to stable.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

September 27, 2021 | 5:46 PM BST

Cyxtera poaches investor relations weapon from Iron Mountain, CoreSite

Greer Aviv, Cyxtera's new Senior Vice President of Investor Relations. Source: Cyxtera

Data centre colocation and interconnection services company Cyxtera (NASDAQ: CYXT) said it appointed Greer Aviv as Senior Vice President of Investor Relations to help enhance its efforts to engage with the investment community.

Aviv has been tasked with continuing to build and nurture relationships with equity analysts, expanding strategic programs to effectively communicate Cyxtera’s strategy to investors, and supporting the company’s ESG efforts.

She has more than 20 years as a leader in finance and communications with experience in the data centre industry.

Prior to joining Cyxtera, she has led the investor relations efforts for Iron Mountain and CoreSite, respectively, and worked closely with both companies’ senior leadership teams to manage the flow of information between the company, shareholders, and the financial community.

Carlos Sagasta, Cyxtera’s Chief Financial Officer, said: “Cyxtera is at a very exciting stage of growth, and I’m thrilled to be adding Greer to help us share our strategic vision for the company with the investment community.

“We are committed to boosting our engagement with our key stakeholders to ensure we establish and grow open lines of communications as we continue to innovate and grow to serve our customers and create value for our shareholders.”

Elsewhere, last week, Moody’s Investors Service (Moody’s) upgraded the credit rating of Cyxtera DC Holdings, Inc. to B3 and changed its outlook to stable.

Moody’s upgraded rating and stable outlook are based on an expectation of growth in revenue and EBITDA, steady and sustained improvement in the company’s bookings and churn trends, and a strengthened balance sheet following Cyxtera’s merger with Starboard Value Acquisition Corp. (SVAC).

The stable outlook also reflects Moody’s expectation that Cyxtera will steadily drive debt leverage lower and prudently fund organic expansion and inorganic growth.

Sagasta said: “This positive ratings action by Moody’s, combined with the upgraded rating of Cyxtera DC Holdings and the assignment of a B- credit rating of Cyxtera Technologies by Standard & Poor’s, underscores the strong results our team has consistently generated over the last several quarters and the positive indicators for the business moving forward.

“The stable outlook also reflects that our enhanced liquidity position following the SVAC merger, which provides us with the resources to effectively grow the business to meet customer demand while also creating long-term value for our key stakeholders.”

Cyxtera operates a footprint of 61 data centres in 28 markets around the world, providing services to more than 2,300 enterprises and US federal government agencies.

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João Marques Lima

Founder and Editor, The Tech Capital

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