Claranet Buys Brazilian Cloud Provider CorpFlex

European managed services provider (MSP) Claranet has acquired Brazilian cloud provider, CorpFlex. Established in 1992, CorpFlex has a diverse service portfolio, including private, public, hybrid cloud, cybersecurity, and network services. These cloud services complemented by Claranet’s global capabilities. Financial terms of the deal were not disclosed.

Charles Nasser
“Our decision to acquire CorpFlex has focused on enhancing the value we deliver. The combination of strong public and private cloud capabilities is a perfect match for our customers,” said Charles Nasser, founder and Group CEO of Claranet.

Celebrating 25 years in Europe next year, Claranet started its business in Brazil at the end of 2017, with a focus on public cloud as its go-to-market strategy. In this short period, the company has attracted major Brazilian organizations. Some examples of clients here include Embraer, a leading aerospace company, TV Globo, a leading media group, and wholesale bank Banco Fibra.

“The combination of strong public and private cloud capabilities is a perfect match for our customers,” said Charles Nasser, founder and Group CEO of Claranet. “Our decision to combine businesses has focused on enhancing the value we deliver to our customers, resulting in sustainable organic growth. A talented team joining the Claranet Group of Companies means we can continue to develop our portfolio and offer the technologies, platforms, and skills that matter most to our customers.”

From ISP to MSP

Founded in 1996, Claranet has evolved from a pioneering ISP (Internet Service Provider) into a leading managed services provider with global reach. The company has annualized revenues of £390 million (€430 million), over 6,500 customers, and more than 2,200 employees.

“Claranet and CorpFlex joining forces is the perfect way to enhance the value we bring to our customers in Brazil,” said Edivaldo Rocha, CEO of CorpFlex. “This strategy has already proven its worth in Europe. Now it is time for a pioneer like CorpFlex in Brazil to leverage its local knowledge with the experience and strength of a global company.”

First Big Investment in Brazil

Headquartered in Alphaville (Barueri – SP), CorpFlex operates in a wide range of vertical markets throughout Brazil and has a broad portfolio of customers.

“We’ve achieved fantastic results in Iberia over the last four years, growing organically and through acquisitions by more than 800% to reach €128m in annual revenues. Now is the time to make the same impact in Brazil,” said António Miguel Ferreira, Claranet’s head of Iberia and Latin America. “Now we are ready to expand and take advantage of such an important global market. CorpFlex is our first big investment in Brazil, expanding its potential in line with some of our biggest European country operations. We now have a team of over 200 in Brazil offering fantastic technical support and service management capabilities to our customers. Looking to the future, we are also actively reviewing additional opportunities to grow organically and by further acquisitions.”