SG Credit Partners provided a $2.5 million recurring revenue-based growth capital facility to OpsCompass.
“OpsCompass, along with our solutions company, House of Brick, is entering an exciting phase of accelerated growth in our recurring business offerings,” Nathan Biggs, CEO of OpsCompass, said. “We are seeing increasing worldwide customer adoption of our cloud intelligence platform and our managed cloud services. SG Credit Partners showed the unique insight into our business to tailor just the right capital structure we need to meet our aggressive growth targets.”
OpsCompass is a portfolio company of Elsewhere Partners, an Austin, TX-based venture capital firm focused primarily on B2B software companies.
“OpsCompass has a strong track record of creating significant value for its customer base,” Michael Massad, vice president at Elsewhere Partners, said. “SG’s growth capital will allow OpsCompass to expand its cloud management offering and increase customer reach.”
“We are very excited to begin a relationship with OpsCompass,” Spencer Brown, managing director at SG Credit Partners, said. “The company’s unique combination of cloud migration consulting expertise, along with its nascent product suite, make it well positioned for growth.”