Reliam has acquired Stratalux, essentially merging two MSPs focused on Amazon Web Services (AWS). Reliam parent Great Hill Partners, a private equity firm, funded the deal. Financial terms were not disclosed.
Both MSPs are based in Los Angeles. The former is a certified partner for both AWS and Microsoft Azure. The latter has focused exclusively on AWS and DevOps.
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Together, the businesses have more than 100 mid-market and enterprise customers. The combined service catalog spans cloud strategy consulting, migrations, cloud architecture, solution design, security and governance, cost optimization, DevOps implementation, application performance management, and 24/7 managed services, the companies say.
Reliam CEO Simon Anderson retains his position and will run the combined businesses. Stratalux CEO Jeremy Przygode shifts to president, media & entertainment, and joins Reliam's board of directors.
In a prepared statement, Anderson said:
“We have been impressed with Stratalux’s successes in the AWS cloud services ecosystem, and our teams are really excited to be joining forces. Our combined team and expert insights into how best to migrate or run apps and workloads on AWS – and then execute continuous integration of software and performant management of data – will enable our customers to rapidly leverage the latest innovations in cloud computing services including serverless computing, artificial intelligence, and machine learning.”
“We’ve long viewed Reliam as a respected colleague that approaches cloud consulting and managed services with the same dedication and customer-centric viewpoint as we do,. We really look forward to combining our talents and capabilities, as we grow together to improve on the cloud-centric advantages we deliver for customers.”
Private Equity Funding
Reliam arrived to the M&A deal with a hefty war chest. Great Hill Partners invested $17 million in Reliam and made a commitment of up to $75 million for further investment in 2017. The news surfaced at Amazon’s AWS re:Invent 2017 conference.
Great Hill invests in high-growth, mid-market technology companies. The investment firm, by the way, also holds majority control of Evolve IP — a combination MSP and CSP that has acquired multiple MSPs and solutions providers.