Cloudreach, a UK company with offices in the EU and U.S., a company majority owned by Blackstone Tactical Opportunities, has acquired a majority stake in Philadelphia-based cloud computing analytics and migration automation provider, Cloudamize. Financial terms of the transaction were not disclosed.
The combined company has a major presence in North America and the UK as well as operations in six other countries. Its combined expertise in cloud consulting, managed services and cloud enabling software would form a wide breadth of support and services to enable, integrate and operate cloud platforms.
“Combining Cloudamize’s industry leading cloud analytics and migration automation with Cloudreach’s expertise will make it easier for our customers to adopt cloud quickly, efficiently, and at scale,” said Pontus Noren, CEO of Cloudreach. “Ultimately it’s all about enabling enterprises to innovate using the power provided by hyperscale cloud platforms either through Cloudreach’s services or via our growing independent partner ecosystem.”
Substantial investment is planned for the new software business unit to develop an independent Cloudamize partner ecosystem, increase partner success resources, and accelerate product development.
“Joining forces with Cloudreach accelerates the vision I had when I originally founded Cloudamize – empowering the enterprise with analytics and automation to simplify cloud decision making,” said Khushboo Shah, founder and chairman of Cloudamize. “When we first launched Cloudamize, we saw an opportunity to automate the tedious and manual process of discovering applications and infrastructure, building migration plans, and determining best possible cloud configurations for optimal performance. I am thrilled to combine efforts with Cloudreach as it’s time we move the market beyond the brute-force manpower-intensive processes of the past and help our customers focus instead on maximizing the value of their cloud deployments.”