-Founded in 2009, Cloudreach is a hyper-growth public cloud enabler, that focuses on enterprise customers with over £1bn in revenue
-Offers a vendor-agnostic cloud management platform, cloud enablement tools and cloud operation services supported by various proprietary software solutions
-Employs 300 people in the UK, the US, Canada, Germany, the Netherlands and France
-Carries advanced partner accreditations with AWS, Microsoft, Google and Salesforce and has over 400 technology certifications across its employee base
-Blackstone is a publicly-listed investment firm with $360bn AUM
-The Tactical Opportunities fund, that led the investment, focuses on prospects for time-sensitive, high-growth investments
-Dave Johnson, Senior Advisor to Blackstone and new Chairman of Cloudreach, brings extensive industry knowledge to the company, having spent over 30 years in corporate development and strategy roles at IBM and Dell before joining Blackstone
-Participation in the rapid growth in public cloud enablement by acquiring Cloudreach, one of the leaders in the space
-Enabling Cloudreach’s ambition to become a $1bn revenue company by providing capital to add software development capabilities, extend its geographic presence, develop its managed services and cloud operation capabilities and to facilitate bolt-on acquisitions
-Worked with founders to identify their objectives
-Educated the market on Cloudreach’s business model and identified the most promising and knowledgeable partners
-Actively supported management in enhancing its internal start-up-like structures to facilitate due diligence
-Helped drive the process through multiple iterations to a successful completion