Clickbank, which makes automated credit card processing software, said it will invest $50 million in a new data center in California, a move it said would boost the startup’s data processing capacity and increase its customer base.
Clickbank will build a new facility at the Santa Clara County Fairgrounds in Stockton, the first major expansion of its data center since the acquisition of the company by Cisco Systems Inc. ClickBank Chief Executive David Luscombe said the expansion will bring 1,100 jobs to California.
“We have an opportunity to be one of the most competitive companies in the world by leveraging our existing data center facilities and data processing capabilities,” Luscomb said in a statement.
The expansion will allow Clickbank to increase its processing capacity by 10 percent a year and to hire more people, he said.
“The growth we’re seeing in the U.S. is a direct result of companies such as Clickbank taking advantage of this technology, and we’re excited to be a part of it,” Lisscombe said.
Click Bank has grown rapidly in the past year.
In June, it announced plans to expand its data centers and hire 300 new employees in an effort to reach its goal of reaching 1 million customers in the next five years.
In August, ClickBank acquired CPA Networks Inc., which makes automation software that can process credit cards and payments, for $3.1 billion.
Last year, it was valued at $1.9 billion.
In January, Clickbank announced plans for another expansion.
“As our data centers become more complex, we have to make smarter decisions to maximize the throughput of our applications,” Clickbank CEO David Lauscombe said in the statement.
“By investing in new data centers, we can accelerate our growth in both the U, and globally, in areas such as data analytics, analytics and machine learning.”
The company’s data center expansion comes as the technology landscape has evolved to support a rapidly growing customer base, with companies such at Amazon.com Inc., Facebook Inc. and Google Inc. creating large data centers to process payments.
Click bank’s growth has accelerated in the wake of the $8.2 billion acquisition of CPA networks by Cisco last year.
The acquisition saw Clickbank acquire CPA Network Inc. for $2.1 million, and it is also expected to acquire CFA Systems Inc., another data center business.
Click banks data center will be located at the Fairgrounds and the company expects to hire approximately 100 employees.
Clickbanks acquisition of Cisco also allows the startup to expand into areas that it has previously only focused on.
In February, Click Bank said it would begin to develop a new business called Clickbank Enterprise, which will focus on enterprise analytics.
The company has also partnered with a group of venture capitalists to expand data centers in the Philippines and South Africa.
In December, Click bank said it had completed an agreement with Citigroup Inc. to buy Clickbank for $1 billion in cash and stock.
