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London and Philadelphia, August 3, 2017 – Cloudreach, a company majority owned by Blackstone Tactical Opportunities, today announced that it has acquired a majority stake in Philadelphia-based cloud computing analytics and migration automation leader Cloudamize. Terms of the transaction were not disclosed.
The deal brings together two highly complementary and accomplished businesses that were both born in the cloud and have become leaders in their respective spaces. The combined company has a major presence in North America and the UK as well as operations in 6 other countries. Its combined expertise in cloud consulting, managed services and cloud enabling software form a wide breadth of support and services to enable, integrate and operate cloud platforms. Substantial investment is planned for the new software business unit to develop an independent Cloudamize partner ecosystem, increase partner success resources, and accelerate product development.
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