Atos has acquired Cloudreach, a Top 250 Public Cloud MSP that holds more than 1,000 certifications across Amazon Web Services (AWS), Google Cloud Platform (GCP) and Microsoft Azure. Financial terms of the deal were not disclosed.
This is technology M&A deal number 764 that ChannelE2E has covered so far in 2021.
Cloudreach: Cloud Consulting Business Growth, Leadership
Cloudreach had been owned by Blackstone since February 2017. Former Datto Chief Revenue Officer Brooks Borcherding has been running Cloudreach as CEO since October 2019.
Cloudreach employs over 600 people in cloud platforms, applications, and security and has expected revenue of approximately US$113.2 million in the calendar year 2021. The company has roughly doubled in size since 2016, when headcount was roughly 250 employees and revenues were nearly US$60 million, ChannelE2E reported at that time.
Cloudreach, based in London, England, also has offices in the United States, Canada, the Netherlands, Germany, France, Switzerland, and India.
Atos Acquires Cloudreach: “Strong Synergetic Potential”
Adrian Gregory, Acting co-CEO of Atos, commented:
“The future acquisition of Cloudreach has strong synergetic potential with the existing Atos expertise in Cloud, notably in Europe, and enhances the value of our past acquisitions of Syntel, Maven Wave, Edifixio and more recently VisualBI and AppCentrica. Coupled with Cloudreach, Atos grows its position as the multi-cloud powerhouse, especially strengthening our global leadership position delivering AWS solutions. Further, as the company’s largest region, Atos Northern Europe now has a potent combination to deepen the development and delivery speed of digital services for our customers. Atos will also allow Cloudreach to extend its excellence into North America and other regions of the Group. Finally, Cloudreach perfectly represents the company’s acquisition strategy, by reinforcing a key expertise of the Group to serve its organic growth acceleration.”
“We are excited to take Cloudreach on the next step of its mission to deliver the promise of cloud and drive extraordinary value for our customers. Our partnerships with Amazon, Microsoft and Google will be accelerated by the combination we are announcing today. Atos offers an impressive global platform of technology assets and deep expertise enabling clients to drive digital capabilities at an entirely new scale and speed, while providing our people with exciting new challenges and career growth.”
Recent Atos Acquisitions, Business Evolution
The Cloudreach acquisition comes as Atos attempts to jumpstart its overall business growth, while also considering potential asset sales.
Indeed, Atos has made multiple acquisitions in 2021. Example deals involve:
- December 2021: Salesforce partner AppCentrica.
- October 2021: DataSentics for artificial intelligence and machine learning (AI/ML) business solutions and products.
- July 2021: Visual BI, Nimblix and Ideal Grp. The companies offer expertise across Snowflake, high-performance computing and manufacturing expertise.
- March 2021: Processia, Cryptovision, and Ipsotek — to boost the global IT consulting firm’s product lifecycle management (PLM), cybersecurity and video analytics capabilities.
- February 2021: Salesforce partner Profit4SF.
- January 2021: Fedem, a Canadian cybersecurity consulting firm.