BV Investment Partners have announced the sale of their managed IT SBU REAN Cloud to Hitachi Vantara. With this deal, Hitachi gains vital capabilities and expertise in disciplines like cloud migration and modernization, elevating their cloud product portfolio.
According to research giant Gartner, enterprises face challenges when it comes to adopting public cloud services and maintaining IT responsibilities for on-premise infrastructures and private cloud. They say that to overcome these challenges, IT teams of enterprises blend traditional services with public and private cloud services.
By acquiring REAN Cloud, Hitachi Vantara say that the former’s products will complement Hitachi Enterprise Cloud’s (HEC) offerings only to allow them to provide a wide range of solutions. They claim that by combining REAN Cloud’s expertise in public cloud and intelligent data governance with their robust global delivery ecosystem, Hitachi Vantara will be able to meet the growing infrastructure and analytics-based needs of customers.
Brian Householder, CEO of Hitachi Vantara, commented:
In the last year, we have expanded our investment in agile and flexible infrastructure as an engine for driving our customers’ digital transformations.
This acquisition underscores our commitment to meeting the ever-changing needs of the digital enterprise, as well as pioneering offerings that set the standard for excellence within intelligent analytics.
REAN Cloud said that they are delighted to be a part of Hitachi Vantara and are looking forward to joining their team. They also claim that Hitachi Vantara will be able to provide multi-cloud solutions to meet the myriad needs of customers.
Hitachi say that they are equally enthusiastic about the deal. Bobby Soni, Chief Solutions and Services Officer at Hitachi Vantara, commented:
We are thrilled to welcome REAN Cloud into our Global Services organization. Adding REAN Cloud to our portfolio strengthens the value we bring to transformation projects through advanced multicloud and analytics capabilities, and also extends our fully managed offerings targeting deep domain use cases.
In closing, Hitachi said that the public cloud market is expanding gradually, following major deals struck by the likes of Alibaba with SUSE and Fortanix to boost enterprise cloud security. The financial terms of the deal were not disclosed.