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 enterprises, service providers and government agencies as customers, including Cognizant, Capgemini, Nvidia, Fujitsu and Cloudflare.