Cloudreach and Cloudamize in Blackstone-Backed Merger to Accelerate Intelligent Cloud Adoption

Cloudreach, a company majority owned by Blackstone Tactical Opportunities, has acquired a majority stake in Philadelphia-based cloud computing analytics and migration automation leader Cloudamize. Terms of the transaction were not disclosed.

The deal brings together two highly complementary and accomplished businesses that were both born in the cloud and have become leaders in their respective spaces. 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 form a wide breadth of support and services to enable, integrate and operate cloud platforms. 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.

Cloudamize uses high-fidelity analytics and powerful automation to take the guesswork out of scoping, configuring and migrating to cloud infrastructure and allows customers to make critical cloud deployment decisions with ease and confidence. Cloudamize has assisted well over 500 companies such as ESPN, OfficeMax, and Salvation Army in their journey to the cloud saving them an estimated $100 million in the process.

“Today we take the next exciting step in our quest to accelerate intelligent cloud adoption with software enablement of services. When we started our partnership with Blackstone, one of the key priorities was to software-enable all our products.” said Pontus Noren, CEO of Cloudreach.

“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. 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 "