Colt acquires cloud specialist ThinkGrid

Colt Technology Services has acquired cloud platform provider ThinkGrid for an undisclosed amount.

The move is designed to strengthen Colt’s position in the SME market for managed services, which the company predicts will grow by 15% annually during the coming years.

The acquisition will add approximately 200 resellers and ISV’s to Colt’s partner community in the UK.

“The acquisition of ThinkGrid further strengthens our position with the addition of a complementary range of cloud-based services. We also gain a reseller-oriented management platform and portal which will reduce our time to market across our European markets,” said François Eloy, EVP at Colt.

“This acquisition allows us to extend our channel community to include skilled managed services resellers who will help us to accelerate our growth,” he added.

ThinkGrid’s platform is designed to enable partners and SMEs to build a profitable cloud proposition to serve their end-customers. It offers a comprehensive portfolio of cloud-based services with a turn-key management platform and the commercial and technical training required to grow their cloud business.

According to ThinkGrid’s CEO, Rob Lovell, the move will help ThinkGrid become one of the world’s leading cloud services enablement platforms.