Compass Datacenters has secured an additonal $25 million in credit from CIT group, which it will use to continue its data center building program.
The new investment, arranged by KeyBank, takes Compass’s credit arrangement to $135m, supporting its business of providing dedicated data centers to a range of customers.
”Strong relationships with our banking partners are critical to support the growth at Compass. I am very pleased to add CIT to our facility,” said Chris Crosby, CEO of Compass Datacenters. “CIT has been very active in the data center space, and I look forward to adding their expertise to Compass’ great banking partners.”
Crosby predicted Compass would increase its business in 2015, traking on new customers and developing its systems and processes further. The company promises to build new data centers within six months.