GOVERNMENT

Cyxtera Technologies has announced that Cyxtera founder and CEO Manuel D. Medina has been elevated to the position of Executive Chairman for both Cyxtera and its recently announced AppGate spin-out, where he will provide strategic guidance and counsel for the two companies. Current Cyxtera President & Chief Operating Officer Nelson Fonseca has been promoted to the role of CEO for Cyxtera.

Fonseca has more than 20 years of experience as an executive in the I.T. infrastructure sector. He served in several leadership positions alongside Medina at Terremark, ultimately as President of the Verizon Terremark unit after Verizon’s acquisition of the company for an enterprise value of $2 billion.

“I’m excited to have the opportunity to lead a great company and global provider of colocation services,” said Fonseca. “The team and I look forward to building on our position as a market leader in retail colocation by expanding our highly-connected data center footprint, broadening our global partner ecosystem and further innovating our CXD platform to deliver a truly world-class customer experience.” {module INSIDE STORY}

“Our recently announced spin out of our cybersecurity business positions both Cyxtera and AppGate to take advantage of unique and substantial growth opportunities and to drive innovation and change into their respective sectors,” said Medina. “I’m looking forward to working closely with both teams as we continue to transform the cybersecurity and data center industries, and I am delighted that my long-time friend and colleague Nelson Fonseca will take the reins as Cyxtera CEO.”