Blackstone-backed Cloudreach bolts on Cloudamize

The deal is the first bolt-on investment by Cloudreach under Blackstone's tenure and comes five months after the GP acquired a majority stake in the company.

Following the deal, the consolidated group will invest in product development.

The merger of the two companies will create a business with operations across eight countries. It will also broaden the range of services currently available to Cloudreach clients.

Company
Philadelphia-headquartered Cloudamize is an IT data analytics and migration platform. It analyses the performance of companies' cloud-based IT systems, sources the best alternative pricing plans and helps clients migrate their systems. Its clients have included ESPN, OfficeMax and the Salvation Army. Cloudamize was founded in 2009.

People
Cloudreach – Pontus Noren (CEO).
Cloudamize – Khushboo Shah (founder, chairperson).

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