DataBank empowers employees with ownership and equity incentives

DataBank launched a broad-based employee ownership program making nearly 1,000 full-time employees part-owners of the Dallas-based data center provider. The program offers potential wealth-building through a one-time bonus of up to 12 months compensation in addition to regular salary and benefits, contingent on qualifying transactions and meeting operational goals.

The initiative extends DataBank’s “Taking Extreme Ownership” culture mantra, supported by investors including DigitalBridge, Swiss Life, IMCO, and AustralianSuper. DataBank announced the program at a celebratory launch event across all 65+ locations in over 25 markets.

“We’re now taking that notion itself to the extreme by making every DataBanker a part-owner and unleashing even higher levels of performance.”
— Raul Martynek, CEO, DataBank

The program includes initiatives related to employee engagement and personal financial wellness, aligning employees around common purpose and goals. DataBank partnered with nonprofit Ownership Works, which works with business leaders to provide employees with opportunities to participate in the value they help create.

The announcement follows DataBank’s nearly $5 billion in debt and equity raised over the prior 18 months.

For the complete story on DataBank’s employee ownership program, read the full article at Dallas Innovates.