Monday, June 2, 2014

Compass Datacenters Completes $100 Million Round of Funding

Compass Datacenters announced the completion of an additional $100 million in funding, including  $35 million in additional equity commitments and $65 million in additional capacity under Compass’ now $110 million revolving credit facility, to support its expansion into additional geographic markets.

“This funding provides Compass with the resources to bring our proven model to more customers and more geographic regions, which will drive the next stage of Compass’ growth,” said Chris Crosby, CEO of Compass Datacenters. “Our successful projects in markets such as North Carolina, Tennessee, Minnesota and Massachusetts have demonstrated the value proposition of our unique solution for customers, and those projects have also affirmed the quality of our facility design, the effectiveness of our construction methodology, and our ability to deliver on our six month construction timeline. We have proven our vision with multiple customers, and this new funding allows us to focus on implementing our growth plan. We are excited to add new partners Regions Bank and Raymond James to the Compass team.”

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