Digital transformation firm Atos has announced it has reached an agreement to acquire multi-cloud services company Cloudreach.
London-headquartered Cloudreach specialises in cloud application development and cloud migration, using cloud-based applications, data and analytics and machine learning to transform and build digital solutions for customers.
With this acquisition, Atos says it combining these strengths with its own expertise in hybrid cloud, SAP HANA, application modernisation, digital workplace, edge, cyber security 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,” explained Adrian Gregory, acting co-CEO of Atos.
“Coupled with Cloudreach, Atos grows its position as the multi-cloud powerhouse, especially strengthening our global leadership position delivering AWS solutions.”
Incorporated in 2009, Cloudreach currently employs more than 300 staff across cloud platforms, applications, and security. For the 2021 calendar year, revenue for the business is expected to hit €100 million.
In addition to its London HQ, the company has offices in the US, Canada, the Netherlands, Germany, France, Switzerland, and India.
“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,” Gregory added. “Atos will also allow Cloudreach to extend its excellence into North America and other regions of the Group.
“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 Amazon Web Services (AWS), a Microsoft Azure Expert MSP, as well as a Premier Partner and Security Partner with Google Cloud.
The firm recently signed a Strategic Collaboration Agreement with AWS to accelerate cloud adoption and says the wide-ranging agreement will help accelerate the joint go-to-market proposition, along with investments in Cloudreach software innovation, geographical expansion, as well as the launch of a Talent Academy.
“Our partnerships with Amazon, Microsoft and Google will be accelerated by the combination we are announcing today,” said Brooks Borcherding, CEO of Cloudreach.
“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.”
