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SG Credit Provides $2.5MM Recurring Revenue-Based Growth Capital Facility to OpsCompass

January 18, 2022, 07:49 AM
Filed Under: Technology

“OpsCompass, along with our solutions company, House of Brick, is entering an exciting phase of accelerated growth in our recurring business offerings,” said Nathan Biggs, OpsCompass CEO. “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, Texas-based growth-stage venture capital firm focused primarily on B2B software companies. “OpsCompass has a strong track record of creating significant value for its customer base,” said Michael Massad, Vice President at Elsewhere Partners. “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”, said Spencer Brown, Managing Director at SG Credit Partners. “The Company’s unique combination of cloud migration consulting expertise along with its nascent product suite make it well positioned for growth”. This is another example showcasing SG’s ability to provide competitive non-dilutive growth capital solutions to emerging software and technology businesses.

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