DataChambers Secures Financing for Major Data Center Expansion
WINSTON-SALEM, N.C. – MAY 6, 2010 – DataChambers, a North Carolina-based technology firm, today announced it has secured financing from NewBridge Bank to support construction of a new data center on its 80-acre campus in Winston-Salem.
Work is well under way on the 20,000-square-foot, $9 million project, which was announced last spring. When completed, it will more than double the company’s capacity to house data networks for its clients, including more than 110 firms in 28 states.
“We’ve been pleased with the progress of the project, which positions us for significant growth,” said Nicholas Kottyan, CEO of DataChambers. “We expect to be up and running by early summer.”
Construction of the new facility involves the demolition and rebuilding of a section of the former office building where DataChambers is headquartered. The space is located 18 feet underground in a secure, blast-resistant bunker.
General contractor for the project is Landmark Builders.
“DataChambers is a great success story in our region, and we could not be more pleased that they have chosen NewBridge Bank as their financial partner,” said Terry Freeman, Senior Vice President and Commercial Relationship Manager for NewBridge Bank. “This locally owned and operated business is the ideal client for NewBridge Bank to help move forward.”
About DataChambers
DataChambers is a full-service information technology and managed services provider specializing in electronic data storage, 24×7 managed information technology solutions, secure co-location services for mission-critical information technology infrastructure, secure tape vaulting, and offsite records storage and management. The company is SAS 70 Type II audited and meets rigorous national standards for safeguarding client systems and data. DataChambers’ 140,000+-square-foot headquarters in Winston-Salem, N.C., is based on an 80-acre campus owned by the firm’s majority shareholders. For more information, visit www.datachambers.com.
About NewBridge Bank
NewBridge Bank is a full service, state chartered community bank headquartered in Greensboro, North Carolina. NewBridge Bank offers financial planning and investment alternatives such as mutual funds and annuities through Raymond James Financial Services, Inc., a registered broker dealer. NewBridge Bank is one of the largest community banks in North Carolina with assets of approximately $2 billion. The Bank has 33 banking offices in the Piedmont Triad of North Carolina, the Wilmington, N.C. area and Harrisonburg, Va. The stock of NewBridge Bancorp, the Bank’s parent company, trades on the NASDAQ Global Select Market under the symbol “NBBC.”
