Data center specialist IO splits into two companies

IO, the Phoenix-based company best known for selling modular data centers roughly¬†the size of a shipping container, is splitting into two companies. The one focused on leasing data center space — which was IO’s original business — will retain the IO name, while the modular data center business will be called Baselayer. The move could help provide some clarity in both vision and messaging, and should provide some more runway as the company works toward a successful exit. It filed for an IPO in September 2013 but never followed through, citing less-than-ideal conditions for tech IPOs.