CloudHealth Technologies, which specializes in cloud management and optimization solutions, appears to be entering 2018 with strong momentum. -- fueled largely by the company's business accelerator program.
The program is designed to help partners deliver and monetize cloud management services -- in a profitable manner. The partner program more than doubled in size in 2017. Even more impressive, revenue generated through partner relationships jumped more than 125 percent year-over-year. The company also became a Microsoft Azure Cloud Solutions Provider and expanded its Amazon Web Services practice.
Additionally, CloudHealth says it’s signed dozens of new partners around the globe, including API Talent, CDW, Clarinet, Cloudnexa, CompuNet, Melbourne IT, Open Systems Specialists, PolarSeven, Presidio, and Umbrella InfoCare. Rewind to 2016, and the company added VMware and physical server environment support to its management platform, bringing a hybrid cloud infrastructure approach.
Larger Growth Plan
CloudHealth, which launched in 2012, has also evolved its executive leadership team. Tom Axbey succeeded Dan Phillips as CEO in 2017. (Phillips remains chairman). Axbey previously led a turnaround of Rave Mobile Safety.
CloudHealth also expanded its war chest this year. In June, the company raised $46 million in Series D round financing. Venture capital company Kleiner Perkins led the funding round with participation from Meritech Capital Partners and CloudHealth's existing investors including .406 Ventures, Sapphire Ventures, and Scale Venture Partners. At the time, the company said the funding would be used to drive its global expansion.
CloudHealth also undertook a change of address this year, moving its global headquarters from Boston’s Fort Point area to its expanded offices in the city’s financial district. The move gave the company 80,000 square feet of office space to help attract talent and accommodate its growing local employee base, which the company said at the time was set to double over the year.