Claranet expands to Brazil with AWS cloud partner acquisition
Acquisition in Latin America is Claranet’s first M&A outside Europe; company talks of huge growth potential.
British managed services provider Claranet has announced it has entered an agreement to acquire Brazilian cloud services provider CredibiliT Tecnologia as it seeks to extend its global reach.
Targeting the private, public and hybrid cloud hosting markets, Claranet said the region has a high growth potential.
CredibiliT was founded in 2009 and implemented a full public cloud adoption strategy, and is one of the two providers with AWS Premier Consulting Partner status in Brazil.
It has also more recently created an Azure practice and reached Silver Cloud Platform competency.
CredibiliT portfolio allows customers to create new applications or migrate to AWS or Microsoft Azure.
Both providers have data centres in the São Paulo region, from which they serve Latin America.
Headquartered in São Paulo, CredibiliT has an annual turnover of R$30m (circa £7.5m), employs 40 staff and serves 100 clients including Pepsico, Webmotors, Smiles, Editora Abril and TV Globo.
Financials of the deal have not been disclosed.
In its turn, Claranet has annual revenues of over £215m, employs more than 1,250 staff and works with over 5,800 customers across the UK, France, Germany, Spain, Portugal, the Netherlands and Brazil.
Financials surrounding the deal have not been disclosed.
According to CredibiliT, the Brazilian cloud market is expected to double by 2020, with revenues topping $6bn.
Charles Nasser, CEO of the Claranet Group, said: “This acquisition offers us the opportunity to become the leading cloud services provider in Brazil which is an exciting high growth market.
“Despite operating platforms for our clients globally for many years, this is our first acquisition outside of Europe.”
Daniel Galante, CEO of CredibiliT, said: “We are delighted to join forces with Claranet. Being part of a larger group with a similar focus will allow us to be stronger, will reinforce our credibility and give us access to benefits of scale as well as more customers, opportunities and investment capacity.
“Having celebrated its 20th anniversary recently, Claranet is one of the most established Internet and cloud era services provider in the industry.
“Importantly, it has kept its agility which puts it in a strong position to adapt in a market that is growing consistently and under constant change.”