Compass Datacenters
{{Short description|American multinational data center company}}
{{Infobox company
| name = Compass Datacenters LLC
| logo = CompassDatacentersLogo.png
| type = Private
| industry = Internet
| founder = Chris Crosby
| hq_location = Dallas, Texas, US
| founded = {{Start date and age|2011}}
| owner = {{ubl|Independent {{smaller|(2011–2023)}}|Ontario Teachers' Pension Plan {{smaller|(2023–present)}}|Brookfield Infrastructure Partners {{smaller|(2023–present)}}}}
| website = {{URL|https://www.compassdatacenters.com/}}
}}
Compass Datacenters LLC Is an American multinational data center company. It is a significant player in the hyperscale computing space,{{Cite press release |last=ReportLinker |date=2022-06-28 |title=The Global Hyperscale data center market is expected to grow at a CAGR of 5.69% during 2022 to 2027. |url=https://www.globenewswire.com/news-release/2022/06/28/2470019/0/en/The-Global-Hyperscale-data-center-market-is-expected-to-grow-at-a-CAGR-of-5-69-during-2022-to-2027.html |access-date=2023-12-08 |website=GlobeNewswire News Room |language=en |archive-date=2023-12-08 |archive-url=https://web.archive.org/web/20231208205402/https://www.globenewswire.com/news-release/2022/06/28/2470019/0/en/The-Global-Hyperscale-data-center-market-is-expected-to-grow-at-a-CAGR-of-5-69-during-2022-to-2027.html |url-status=live }} with approximately 17 active datacenter campuses in the US, and internationally in Canada and Israel.{{Cite web |last=Combs |first=DeAnn |date=2023-06-21 |title=And the winner is … Brookfield, Ontario Teachers Acquire Compass Datacenters |url=https://insidetowers.com/and-the-winner-is-brookfield-ontario-teachers-acquire-compass-datacenters/ |access-date=2023-12-08 |website=Inside Towers |language=en-US |archive-date=2023-12-08 |archive-url=https://web.archive.org/web/20231208205404/https://insidetowers.com/and-the-winner-is-brookfield-ontario-teachers-acquire-compass-datacenters/ |url-status=live }}
Since 2023, the company has been controlled by the private equity arms of Ontario Teachers' Pension Plan and Brookfield Infrastructure Partners.{{Cite web |date=2023-06-21 |title=Brookfield and Ontario Teachers' acquire Compass Datacenters in $5.5 Billion Deal |url=https://www.techerati.com/news-hub/brookfield-ontario-teachers-compass-datacenters-deal/ |access-date=2023-12-08 |website=Techerati |archive-date=2023-12-08 |archive-url=https://web.archive.org/web/20231208205403/https://www.techerati.com/news-hub/brookfield-ontario-teachers-compass-datacenters-deal/ |url-status=live }}{{Cite news |date=2023-06-27 |title=Brookfield Increased Loan to Compass Ahead of $5.5 Billion Buyout |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2023-06-27/brookfield-increased-loan-to-compass-datacenters-ahead-of-5-5-billion-buyout |access-date=2023-12-09}}
Compass' partners include Schneider Electric, Cummins, Foster Fuels, Vertiv and Salute.{{Cite web |title=Compass Datacenters Partners |url=https://www.compassdatacenters.com/about/our-partners/ |access-date=2024-03-24 |website=Compass Datacenters |language=}}
History
Compass Datacenters was founded in 2011 by Chris Crosby, who previously was a senior vice president of Digital Realty{{Cite web |date=2015-09-18 |title=Executive Insights: Chris Crosby |url=https://www.datacenterfrontier.com/chris-crosby-compass-executive-roundtable |access-date=2023-12-08 |website=Data Center Frontier |archive-date=2023-12-08 |archive-url=https://web.archive.org/web/20231208205403/https://www.datacenterfrontier.com/chris-crosby-compass-executive-roundtable |url-status=live }} with a focus on modular datacenters. In 2014, the company received a patent noting that they had created a truly modular datacenter.{{Cite patent|number=US20140352231A1|title=Truly modular building datacenter facility|gdate=2014-12-04|invent1=JR|inventor1-first=Christopher J. Crosby|url=https://patents.google.com/patent/US20140352231A1/en}} {{Webarchive|url=https://web.archive.org/web/20231209044025/https://patents.google.com/patent/US20140352231A1/en |date=2023-12-09 }}
Compass wholly owns a software as a service company known as Radix IoT that specializes in datacenter management software.{{Cite web |date=2020-09-15 |title=Radix IoT Platform Launch Poised to Disrupt the IoT Sector |url=https://finance.yahoo.com/news/radix-iot-platform-launch-poised-120000518.html |access-date=2024-03-31 |website=Yahoo Finance |language=en-US |archive-date=2024-03-31 |archive-url=https://web.archive.org/web/20240331145238/https://finance.yahoo.com/news/radix-iot-platform-launch-poised-120000518.html |url-status=live }}
Compass initially started with a focus on US operations however eventually expanded abroad. Specifically to Canada through the acquisition of ROOT datacenters {{Cite web |date=2019-07-23 |title=Compass Buys Root, Enters Montreal Hyperscale Data Center Market |url=https://www.datacenterknowledge.com/compass-datacenters/compass-buys-root-enters-montreal-hyperscale-data-center-market |access-date=2023-12-08 |website=Data Center Knowledge {{!}} News and analysis for the data center industry |language=en |archive-date=2023-12-08 |archive-url=https://web.archive.org/web/20231208205402/https://www.datacenterknowledge.com/compass-datacenters/compass-buys-root-enters-montreal-hyperscale-data-center-market |url-status=live }} in 2019 and expansion to Israel directly through a partnership with Amazon Web Services.{{Cite web |title=Amazon in talks to set up data centers in Israel – Globes |url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/amazon-in-talks-to-set-up-data-centers-in-israel-8211-globes-59740658 |access-date=2023-12-08 |website=www.spglobal.com |language=en-us |archive-date=2023-12-08 |archive-url=https://web.archive.org/web/20231208205402/https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/amazon-in-talks-to-set-up-data-centers-in-israel-8211-globes-59740658 |url-status=live }} In the same time period Azrieli Group acquired a 20% stake in the organization.{{Cite web |title=Azrieli buying 20% stake in data centers firm Compass for $135M |url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/NLn-_87wqhv87ZfFgJnKWQ2 |access-date=2024-01-22 |website=www.spglobal.com |language=en-us |archive-date=2024-09-01 |archive-url=https://web.archive.org/web/20240901184600/https://www.spglobal.com/marketintelligence/en/news-insights/trending/NLn-_87wqhv87ZfFgJnKWQ2 |url-status=live }} In 2023 the company acquired the former Sears HQ in Illinois to create a datacenter mega campus.{{Cite web |last=Staff |first=T. R. D. |date=2023-09-17 |title=Sears Headquarters Sold to Compass Datacenters For $194 Million |url=https://therealdeal.com/chicago/2023/09/17/sears-headquarters-sold-to-compass-datacenters-for-194m/ |access-date=2023-12-09 |website=The Real Deal |language=en |archive-date=2024-09-27 |archive-url=https://web.archive.org/web/20240927031911/https://therealdeal.com/chicago/2023/09/17/sears-headquarters-sold-to-compass-datacenters-for-194m/ |url-status=live }}{{Cite web |date=2023-09-13 |title=Compass Datacenters acquires former Sears headquarters in Hoffman Estates |url=https://www.chicagotribune.com/business/ct-biz-compass-datacenters-sears-headquarters-hoffman-estates-20230913-qeusflbo2bdkpdhtsonhppbnae-story.html |access-date=2023-12-09 |website=Chicago Tribune |archive-date=2023-12-09 |archive-url=https://web.archive.org/web/20231209165515/https://www.chicagotribune.com/business/ct-biz-compass-datacenters-sears-headquarters-hoffman-estates-20230913-qeusflbo2bdkpdhtsonhppbnae-story.html |url-status=live }} On December 13, 2023, it was confirmed the Compass Datacenters Prince William County project, one of the largest in the world, was set to go through after a 4–3 vote in favor of development. {{Cite web |last=Kelleher |first=Colleen |date=2023-12-14 |title=Massive PW Digital Gateway Data Center Plan Approved in Prince William County |url=https://northernvirginiamag.com/culture/news/2023/12/14/massive-pw-digital-gateway-data-center-plan-approved-in-prince-william-county/ |access-date=2023-12-21 |website=Northern Virginia Magazine |language=en-US |archive-date=2023-12-21 |archive-url=https://web.archive.org/web/20231221155626/https://northernvirginiamag.com/culture/news/2023/12/14/massive-pw-digital-gateway-data-center-plan-approved-in-prince-william-county/ |url-status=live }}{{Cite web |last=Turco |first=Rebecca |date=2023-12-17 |title='The fight is definitely not over': Prince William woman leads charge against data centers |url=https://wjla.com/news/local/prince-william-county-data-centers-digital-gateway-virginia-coalition-compass-vote-meeting-community-members-fight-legal-action-land-karen-sheehan-chris-curtis-rezone |access-date=2023-12-21 |website=WJLA |language=en |archive-date=2023-12-21 |archive-url=https://web.archive.org/web/20231221155625/https://wjla.com/news/local/prince-william-county-data-centers-digital-gateway-virginia-coalition-compass-vote-meeting-community-members-fight-legal-action-land-karen-sheehan-chris-curtis-rezone |url-status=live }}{{Cite web |last=Writers |first=Jill Palermo and Peter Cary Times Staff |date=2023-12-13 |title=BREAKING: Supervisors OK Digital Gateway |url=https://www.princewilliamtimes.com/news/breaking-supervisors-ok-digital-gateway/article_4bca3472-99f0-11ee-a77b-8bb794eb58d4.html |access-date=2023-12-21 |website=Prince William Times |language=en |archive-date=2023-12-21 |archive-url=https://web.archive.org/web/20231221155816/https://www.princewilliamtimes.com/news/breaking-supervisors-ok-digital-gateway/article_4bca3472-99f0-11ee-a77b-8bb794eb58d4.html |url-status=live }}
On June 26, 2023, it was announced that Brookfield Infrastructure Partners and Ontario Teachers' Pension Plan had purchased the company.{{Cite web|url=https://www.benefitsandpensionsmonitor.com/news/industry-news/brookfield-and-ontario-teachers-pension-plan-secure-compass-datacenters-acquisition/377102|title=Brookfield and Ontario Teachers' Pension Plan secure Compass Datacenters acquisition|work=Benefits and Pensions Monitor|access-date=2023-12-16|language=en|archive-date=2023-12-17|archive-url=https://web.archive.org/web/20231217005427/https://www.benefitsandpensionsmonitor.com/news/industry-news/brookfield-and-ontario-teachers-pension-plan-secure-compass-datacenters-acquisition/377102|url-status=live}}
References
{{Reflist}}
External links
- [https://www.compassdatacenters.com Official website]
Category:American companies established in 2011
Category:Companies based in Dallas