February 17, 2017

Private equity firm Blackstone buys Cloudreach

The firm has acquired a majority stake in the cloud solutions company Cloudreach

This week, private equity firm Blackstone acquired cloud solutions provider Cloudreach for an undisclosed sum.

Cloudreach, based in London was founded in 2009 and has operations in several countries and clients including travel booking sites Skyscanner and Trainline. The companies announced that Pontus Noren, Co-founder of Cloudreach, will be CEO of the business and Dave Johnson, a Senior Adviser to Blackstone, will become Chairman.

Cloudreach said on its blog that the companies will together build a software-enabled cloud services provider that will help organizations adopt cloud at scale by providing end-to-end capabilities.

Andre Azevedo, Head of Commercial and Corporate Strategy, Cloudreach said:

Cloudreach is the undisputed leader with wider geographic reach and double the workforce of its nearest competitors.

Blackstone’s vision for Cloudreach is to build the world’s number one cloud enabler, creating a large-scale software-enabled consulting, development and managed services provider.

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