Google Ads

Enter your email address:

Delivered by FeedBurner

This form does not yet contain any fields.
    « Baidu launches mobile browser | Main | VMware's Paul Maritz hands off the Software-Defined Data Center »

    Compass Data Center achieves Funding milestone, $45 mil for first round 

    Compass Data Centers in trying to be different than the rest, and part of building something different takes money.  Today, Compass Data Centers announced funding.

    Compass Datacenters Completes First Major Round if Funding


    For Immediate Release

    $45 Million Dollar Credit Facility is Expandable to $100 Million; Will Finance Data Center Construction Projects Across United States

    Dallas – September 4, 2012 – Compass Datacenters has completed its first major round of financial funding: a $45 million credit facility with an accordion feature up to $100 million from KeyCorp’s commercial finance unit, KeyBank, NA. This is the company’s first formal round of funding since the company began operations earlier this year, and it will be used to finance its aggressive growth plan over the coming months.

    Compass convinced its financier that its business model will work.

    “Compass Datacenters is pioneering a major area of growth for the data center industry by offering wholesale standalone data center products that meet the needs of companies that are in geographic areas that are not well served by traditional providers. They have assembled a strong management team comprised of executives with proven track records in data centers and real estate development. Their wholesale business model and proprietary design architecture have the company positioned to be the leader in this growth market,” said John Murphy, Managing Director of Real Estate Capital at KeyBank.

    Next step is to see data centers build by Compass which should happen quickly with a modular design.

    PrintView Printer Friendly Version

    EmailEmail Article to Friend

    Reader Comments

    There are no comments for this journal entry. To create a new comment, use the form below.

    PostPost a New Comment

    Enter your information below to add a new comment.

    My response is on my own website »
    Author Email (optional):
    Author URL (optional):
    Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>