
Cloudreach
Enables, integrates and operates cloud platforms for enterprises.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
* | N/A | Acquisition | |
Total Funding | 000k |
EUR | 2015 | 2016 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 76 % |
EBITDA | 0000 | 0000 |
% EBITDA margin | 4 % | 5 % |
Profit | 0000 | 0000 |
% profit margin | 4 % | 2 % |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Cloudreach is a multi-cloud services provider founded in London in 2009 by Pontus Noren and James Monico. Initially focused on facilitating transformation through SaaS applications, the company pivoted in 2012 to concentrate on the broader implementation of cloud infrastructure, becoming one of the first AWS partners in the UK. The firm specializes in cloud application development, migration, data analytics, and managed services, primarily serving large enterprise clients with revenues often exceeding $1 billion. Its business model is centered on providing consulting and technical services to help organizations adopt and operate on public cloud platforms, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform.
The company's history is marked by significant growth and strategic acquisitions. A major milestone occurred in February 2017 when private equity firm Blackstone acquired a majority stake in Cloudreach, a move intended to fuel geographic expansion and enhance its software and managed services capabilities. Following the Blackstone investment, Cloudreach itself acquired US-based companies Emerging Technology Advisors and Cloudamize, a cloud migration analytics platform. This trajectory of expansion and investment culminated in its acquisition by French IT services giant Atos in January 2022. As part of Atos, Cloudreach was integrated into the Eviden business line in April 2023, which focuses on cloud, digital, and security services.
Cloudreach offers a portfolio of services and proprietary software to facilitate cloud transformation. These services include consulting, migration support, and managed services for cloud environments. The company has developed its own software tools, such as Cloudamize for migration planning and Sceptre for infrastructure automation. It serves a notable client base that includes major corporations like BP, Hearst, and Skyscanner. By partnering with all three major hyperscalers, the company provides comprehensive support for clients undertaking complex, multi-cloud digital transformations, aiming to improve efficiency and accelerate time-to-value.
Keywords: multi-cloud services, cloud migration, managed services provider, AWS consulting partner, Microsoft Azure expert, Google Cloud partner, cloud application development, IT consulting, digital transformation, Atos
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Investments by Cloudreach
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