Crayon Group and Cloud Direct: About Each Business
Cloud Direct, founded in 2003, has 165 employees and is a major Microsoft partner in the UK. The company has annual revenues of GBP 20 million (roughly $27 million), 82 percent of which is recurring revenue, the company says.Crayon, meanwhile, has been in rapid growth mode. For Q2 of 2021, Crayon reported revenue of $937 million, up 32 percent from Q2 in 2020. The company, based in Oslo, Norway, employs more than 2,000 software, cloud and artificial intelligence experts.Initially, the Crayon-Cloud Direct deal will largely focus the UK, where most of Cloud Direct's customers are located. However, the partnership can "easily scale to customers worldwide as it has delivered more than 4,000 cloud migrations," the two companies assert.Crayon Group and Cloud Direct: Executive Perspectives
In a prepared statement about the investment, Crayon CEO Melissa Mulholland said:"We are excited about this agreement as it combines the best of both Crayon and Cloud Direct. We both have the global elite status of being a Microsoft Azure Expert MSP and Crayon's customer-centric approach to cost optimization complements Cloud Direct's managed services capabilities."
"Cloud Direct builds and operates Microsoft public cloud solutions that work - ensuring cost optimization, technical performance, and security compliance. We focus our professional and managed services on helping ambitious companies accelerate transformation and growth. Working with Crayon, we will drive more value to more customers."