Atos today announced an agreement to acquire Cloudreach, a leading multi-cloud services company specializing in cloud application development and cloud migration, capitalizing on strong partnerships with all three hyperscalers. The company employs more than 600 highly skilled employees in cloud platforms, applications, and security. Revenue is expected at c.€100 million in calendar year 2021. Cloudreach was incorporated in 2009 and is headquartered in London with additional offices in the USA, Canada, the Netherlands, Germany, France, Switzerland and India.
Adrian Gregory, Acting co-CEO of Atos said,“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,”
Recently, Cloudreach and AWS signed a Strategic Collaboration Agreement to accelerate global cloud adoption. The wide-ranging agreement drives an acceleration of the joint go-to-market proposition, along with investments in Cloudreach software innovation, geographical expansion, and the launch of a Talent Academy.
Brooks Bocherding, Cloudreach CEO Commented, “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.”
