{"id":1568,"date":"2022-01-08T20:07:00","date_gmt":"2022-01-08T20:07:00","guid":{"rendered":"https:\/\/soyculto.info\/cirpr\/2022\/01\/08\/2022-08-01-cirion-announces-its-transaction-close\/"},"modified":"2025-06-02T20:20:51","modified_gmt":"2025-06-02T20:20:51","slug":"2022-08-01-cirion-announces-its-transaction-close","status":"publish","type":"post","link":"https:\/\/press.ciriontechnologies.com\/en\/2022\/01\/08\/2022-08-01-cirion-announces-its-transaction-close\/","title":{"rendered":"Cirion announces its transaction close; Launches its brand, purpose and executive leadership team"},"content":{"rendered":"

Cirion announces its transaction close; Launches its brand, purpose and executive leadership team<\/strong><\/h1>\n

Through its extensive fiber footprint, data centers and network assets, Cirion aims to assist companies of Latin America\u0092s most relevant industries in their path to digital transformation.
\n<\/em>Marks completion of Stonepeak\u0092s acquisition of former Lumen Technologies\u0092 Latin American operations<\/em><\/p>\n

BUENOS AIRES and NEW YORK, August 01, 2022 <\/strong>\u0096 Cirion, previously the Latin American operations of Lumen Technologies, today announced the launch of its brand, its purpose of furthering progress in Latin America through technology, and executive leadership team to create a leading\u00a0digital infrastructure\u00a0and technology\u00a0company in Latin America.<\/p>\n

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The completion of the sale of Lumen Technologies\u0092 Latin American operations to Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, gives Cirion greater flexibility to expand its business in the region and allows the company to form new strategic alliances while offering the regional and global solutions customers expect, with the services they need.<\/p>\n

Cirion\u0092s purpose is to further progress in Latin America through technology, assisting companies across relevant industries in their paths to digital transformation.\u00a0 Enterprises based in the region will continue experiencing the same high quality service and network levels they were accustomed to with Lumen\u0092s Latin American business.<\/p>\n

Cirion and Lumen will maintain a strategic partnership to help ensure a seamless global experience and continuous service to customers in the region. This relationship includes reciprocal reselling and network agreements that leverage each other\u0092s extensive fiber footprints, data centers, and other network assets.<\/p>\n

Cirion\u0092s leadership team has more than 20 years of experience working together to drive the company\u0092s growth. Facundo Castro will serve as Cirion\u0092s Chief Executive Officer. Cirion has also made several new hires in recent months into the company\u0092s executive team, all of whom bring extensive experience in the sector across the region.<\/p>\n

\u0093We believe technology is key to our digital future and know what it takes to drive industry change. We are confident that we have the right people, partners, and resources to bring fast, reliable, and exceptional services to our customers,\u0094 said Facundo Castro. \u0093We are very enthusiastic about the opportunities that lay ahead and look forward to positioning ourselves as the technological partner of choice for Latin America\u0092s most relevant industries.\u0094<\/p>\n

\u0093Closing this transaction marks the beginning of an exciting new chapter for Cirion as the company continues to expand its fiber and data center network across its already strong footprint in Latin America,\u0094 said Stonepeak Managing Director and Co-Head of Communications Andrew Thomas. \u0093We are excited to partner with Cirion\u0092s team and apply our experience as active investors in global digital infrastructure to drive sustainable long-term growth.\u0094<\/p>\n

Additional Resources:\u00a0<\/strong><\/h2>\n