Cloudreach to be acquired by Atos
Atos has entered an agreement to acquire Cloudreach, a multi-cloud services company, for an undisclosed sum.
The acquisition will combine Cloudreach’s strengths in consulting, transforming and building digital solutions for customers, using cloud-based applications, data and analytics, and machine learning, embedded in hybrid and multi-cloud platforms with Atos’ work in hybrid cloud, SAP HANA, application modernisation, digital workplace, edge computing, cybersecurity and IoT.
“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," said Adrian Gregory, acting co-CEO of Atos.
"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.”
Cloudreach is a Premier Consulting Partner of AWS, a Microsoft Azure Expert Managed Services Provider, and a Google Cloud Premier Partner as well as a Google Cloud Security Partner.
Recently, Cloudreach and AWS signed an agreement to accelerate global cloud adoption. The agreement includes the development of a joint go-to-market proposition, along with investments in Cloudreach software, geographical expansion, and the launch of a Talent Academy.
“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," said Brooks Bocherding, CEO of Cloudreach.
"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.”
Cloudreach employs more than 600 employees and its revenues are expected to reach approximately €100 million by the end of 2021.
The transaction, subject to regulatory approvals, and expected to complete by Q1 2022.