Saturday, November 25, 2017

Cloudreach makes its second acquisition ever to boost enterprise cloud adoption

Company also plans to support the open source community and to continue to invest in its application-centric roadmap.

Cloudreach has acquired professional services firm Emerging Technology Advisors (ETA) to advance its software-enabled cloud capabilities.

The deal was backed by Blackstone Tactical Opportunities, which acquired Cloudreach in February 2017. Terms of the transaction were not disclosed.

The acquisition will combine Cloudreach’s portfolio of enterprise cloud, migration and optimisation services with ETA’s digital transformation and corporate solutions.

The combined entity will be able to offer a suite of tools designed to architect, implement, optimise and modernise applications for the enterprise.

Cloudreach will also be expanding on ETA’s existing community efforts including the New DaVinci program, NodeBots, and its technical meetups and conferences to engage and support the open source community.

The acquisition of ETA follows on from Cloudreach’s acquisition of Cloudamize in early August.

Both investments have been made as part of the company’s roadmap to grow its software-enablement, application development capabilities and geographic reach.

Pontus Noren, CEO and co-founder of Cloudreach, said: “ETA brings a wealth of experience, excellent reputation in the community and a wonderful  culture.

“Core to our vision to be the category leader for software-enabled cloud services is the ability to enable our customers to modernize applications and innovate using hyperscale cloud.

“ETA moves us towards completing that vision. We are very excited to extend the Cloudreach family with such a talented organisation.”

Glynn LoPresti, ETA Co-Founder, said: “ETA was built around a simple principle – that elite technology solutions come from elite technologists.

“Our team has a passion for pioneering solutions to complex (and often, novel) technical challenges for our clients, and we’ve found a similar acumen in the Cloudreach team.

“This merger will combine their leadership in enterprise cloud adoption, with our expertise in digital transformation and corporate innovation.”