Blackstone Invests in Mitiga’s Cloud Incident Readiness and Response Solution

No Comments
Atlantic Bridge

Blackstone Invests in Mitiga's Cloud Incident Readiness and Response Solution

NEW YORKDec. 21, 2021 /PRNewswire/ — Mitiga, the cloud incident response company, today announced that Blackstone Innovations Investments has participated in Mitiga’s Series A financing round, joining ClearSky, Atlantic Bridge and DNX.

Organizations worldwide rely on Mitiga’s solution to reduce the impact of cloud attacks by optimizing their incident readiness and resilience. Today’s harsh reality is that cloud attacks are inevitable. Mitiga’s focus on readiness and resilience enables companies to dramatically increase their response and recovery capabilities when cloud incidents occur.

“Although traditional incident response solutions focus on what happens after a breach, Mitiga’s unique solution combines incident readiness and response, helping companies prepare for a breach before it happens,” said Adam Fletcher, Chief Security Officer at Blackstone. “As an investor and a customer, we know how important it is to be prepared before an incident occurs, especially in cloud infrastructure. We look forward to a successful partnership and to the company’s next phase of growth.”

“Blackstone believes that Mitiga’s solution is truly differentiated in the marketplace and is the first company to build a cloud-centric incident response platform,” said Tal Mozes, Mitiga Chief Executive Officer. “Adam Fletcher has become a trusted partner, and his experience and insights are helping to shape Mitiga’s solutions for tomorrow’s challenges.”

In adopting Mitiga’s dynamic-readiness approach companies can automate the processes of collecting and analyzing cloud forensics data, eliminating time-consuming data acquisition delays before beginning the incident investigation, response, and recovery.

Importantly, Mitiga’s shared-responsibility business model fundamentally changes the economics of incident response. Instead of charging additional fees for incident response and recovery, Mitiga believes its platform-based solution fully prepares customers for all aspects of a cloud incident and therefore their subscribers face no add-on fees for incident response.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Mitiga
Mitiga’s technology and services lower the impact of cyber breaches and optimize readiness for cloud and hybrid incidents and accelerate both response and recovery times when incidents occur. Importantly, Mitiga’s readiness prioritization also increases resiliency for future incidents. Mitiga’s shared-responsibility model is unique. Unlike others, who charge additional fees for incident response and recovery, Mitiga subscribers face no add-on fees. For more information, visit www.mitiga.io.

“Our patented see-through display technology is the key enabler for augmented reality devices such as smart-glasses where weight, display quality and form factor are key attributes. These can be best realized by feather-weight single-layer optics which is our unique forte and we are now gearing to scale these capabilities for mass production for our customers forthcoming consumer offerings” said Antti Sunnari, co-founder and CEO of Dispelix.  “This new investment will allow us to serve more OEM customers better and faster, as their trusted and dedicated waveguide partner.”

“Dispelix’ see-through displays are the lightest and thinnest on the market and maintain vivid colors, image quality and wide field-of-view” commented Juuso Olkkonen, CTO and co-founder of the company.  “Our team of world-class scientists and engineers continue to push the boundaries of what’s possible with our arsenal of unique software and hardware technologies – fundamentally changing the way nanophotonics based waveguides are designed and delivered.

“We invested in Dispelix as they have a unique mix of technologies that delivers a superior end-user experience for mixed reality smart-glasses and other AR devices – offering the lightest, lowest power and highest resolution displays” said Paul Murray, Partner with Atlantic Bridge. “Their ability to scale these benefits for their growing list of OEMs will be a key enabler in the adoption of next generation mixed reality platforms and to help deliver on the promise of the Metaverse”

The Dispelix offerings, with 43 granted or pending patent families currently being integrated into an increasing number of consumer products under development by the company’s OEM customers – these products are expected to hit the market during 2023.

 

About Dispelix

Dispelix is a global leader in waveguide  design technology.  Dispelix designs and manufactures the best diffractive single layer, full color waveguide displays in the world.  Its patented DPX waveguides unlock freedoms in AR design with unmatched image quality, performance and efficiency. Led by the world’s most sought-after experts in optics, photonics and manufacturing, Dispelix powers AR experiences that push boundaries. Dispelix is located in Finland, China, Taiwan with US headquarters in San Francisco.  Learn more at www.dispelix.com

 

About Atlantic Bridge

Atlantic Bridge is a global technology investment firm with over €1.2 billion of assets under management across seven funds, investing in deep tech companies in Europe and the U.S. Atlantic Bridge supports portfolio companies in scaling internationally with a global investment team and offices across London, Palo Alto, Dublin, Munich and Paris. For more information, visit http://www.abven.com

 

About CCB Trust

China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor, China Construction Bank, was established in October 1954. It was listed on the Hong Kong Stock Exchange in 2005 and the Shanghai Stock Exchange in 2007. At the end of 2020, the Bank’s market capitalization reached US$191,889 million, ranking fourth among all listed banks in the world. For more information, visit ccb.com

Categories: News

Tags:

Matillion Raises $150M Series E Funding at $1.5B Valuation

General Atlantic

Latest funding follows accelerated growth as Matillion platform fuels cloud analytics, AI and machine learning in large global enterprises

Matillion, a leading cloud data integration platform, today announced $150M in Series E funding, led by General Atlantic, a leading global growth equity firm, with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Lightspeed Venture Partners. This funding marks Matillion’s second triple-digit round of 2021, bringing the total amount raised to $310M at a valuation of $1.5B.

The average enterprise uses more than 1,080 different data sources in its analytics program. Even as cloud data platforms such as Snowflake, Amazon Redshift, and Databricks become central to modern data architectures, enterprises struggle to collect, synchronize and transform their data for analytics, AI and ML programs. Traditional and other methods are primitive and slow, relying heavily on hand-coding and placing the burden of enterprise data preparation on a few workers. This creates information gaps within the organization and limits critical insights. Matillion unlocks the data supply chain, accelerating time to value by delivering a data operating system that integrates and manages data at scale. This allows enterprise data teams to work together to source, enrich and share data, enabling the rapid and data-led decision-making required to compete and win in today’s digital economy.

“Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation,” said Matthew Scullion, CEO of Matillion. “With Matillion, large organizations are empowered with a data operating system that is purpose-built for the enterprise, enabling a broad spectrum of data users — from data scientists and engineers to marketers and business analysts — to make data useful.”

Coming off of its Series D round in February, Matillion has delivered accelerated growth in 2021, including recognition by Snowflake as its FY2021 Technology Partner of the Year for Data Integration and by Databricks for an ISV Innovation Award, as well as the launch of its new product, Matillion ETL for Delta Lake on Databricks. The company also earned the Great Place to Work Certification, with 94% of its UK employees and 91% of its U.S. employees stating that Matillion is a great place to work.

As organizations look for ways to harness data to make better business decisions, the market for cloud data integration and transformation is expanding,” said Chris Caulkin, Managing Director and Head of Technology for EMEA at General Atlantic. “We believe that Matillion’s low-code ETL platform simplifies the process of constructing data pipelines and preparing data for analysis, enabling citizen data scientists and data engineers alike to play a valuable role in extracting data-based insights. We look forward to supporting the team through its next phase of growth and expansion.”

Hundreds of large enterprises including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee and Cisco use Matillion’s cloud-native, low-code/no-code solutions to transform raw data into an analytics-ready asset, ready to power business intelligence, visualization, artificial intelligence, and machine learning projects.

“Global data teams are being tasked to support digital transformation journeys within their organizations and look to low-code, cloud native solutions to accelerate the delivery of business results,” said Frederick Wright, US Director, UK Senior Manager, Enterprise Architect – Integration & Analytics at National Grid. “Matillion enables enterprises like ours to increase our usage of analytics and drive greater understanding within our business.”

For further data transformation industry updates and perspectives, follow Matillion on Twitter @Matillion and LinkedIn at https://www.linkedin.com/company/matillion-limited/. Learn more about the success Matillion customers have achieved at https://www.matillion.com/resources/case-studies/.

About Matillion

Matillion makes the world’s data useful with an easy-to-use cloud-native data integration and transformation platform. Optimized for modern enterprise data teams, only Matillion is built on native integrations to cloud data platforms such as Snowflake, Delta Lake on Databricks, Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse to enable new levels of efficiency and productivity across any organization. Learn how Matillion delivers rapid returns on cloud investments for global enterprise customers at www.matillion.com.

About General Atlantic

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 400 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $65 billion in assets under management as of March 31, 2021 and more than 175 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

Media Contacts

Mary Armstrong & Emily Japlon
General Atlantic media@generalatlantic.com

Categories: News

Tags:

TX Group, Ringier, La Mobilière and General Atlantic form joint venture to create leading digital marketplace group

General Atlantic

The merger of TX Markets and Scout24 Schweiz’s online marketplaces will form a leading Swiss group spanning the real estate, vehicle, financial services and general marketplace sectors. The joint venture will create one of the largest digital companies in Switzerland. All involved parties will hold minority interests in the joint venture. The independent group will pursue the medium-term goal of going public.

The TX Group will bring the TX Markets platforms Ricardo, tutti.ch, Homegate and Car For You to the new joint venture. Ringier and La Mobilière will provide the Scout24 Schweiz Group, which operates the platforms ImmoScout24, AutoScout24, MotoScout24, FinanceScout24 and anibis.ch. General Atlantic, a leading global growth equity investor, will serve as the fourth partner in the venture, supporting the group with its many years of international expertise in the field of digital marketplaces.

Lothar Lanz will serve as Chairman of the Board of Directors of the new, independent company. The experienced finance and digital expert is currently Chairman of the Supervisory Board of Home24 SE, Deputy Chairman of the Supervisory Board of TAG Immobilien AG and a member of the Supervisory Board of Dermapharm SE. He has also served on the Supervisory Boards of Zalando SE (Chairman) and Axel Springer SE. Previously, he was the long-time Finance Director of ProSiebenSat 1 Media.

Joern Nikolay, Olivier Rihs, Michèle Rodoni, Pietro Supino and Marc Walder will join the Board of Directors of the new joint venture.

Gilles Despas, currently CEO of the Scout24 Schweiz Group, will serve as CEO of the new joint venture. Despas was previously Chief Digital Officer and Group Chief Marketing Officer of Thomas Cook in London, and formerly served as Managing Director and CEO of Ebookers and HolidayCheck.

TX Group, Ringier and La Mobilière’s respective marketplaces have all posted strong growth in users and services offered in recent years. The platforms operate in an extremely demanding environment. Rising customer requirements and intensified international competition – from global platforms to fast-growing, disruptive start-ups – have created increasingly dynamic market conditions.

Joining forces to create one of the largest digital companies in Switzerland will enable the new joint venture to create a competitive marketplace service and operate as a pioneering leader in the Swiss market.

The new joint venture will also combine the expertise of the existing teams and digital talent to drive the development of innovative digital products and services. This, in turn, will enable the company to better meet user and customer needs. The joint venture will also make a substantial contribution to further digitalisation in Switzerland.

Pietro Supino, Chairman and Publisher of the TX Group: “Our partnership with General Atlantic, La Mobilière and Ringier is the result of a long process. It represents a major step for all participants and demonstrates Switzerland’s positive digital outlook amongst increasing international competition. We strongly believe that this merger will strengthen our successful marketplace platforms and ensure further growth. Increasing our relevance to our users is key, and we believe the merger will immediately improve efficiency for our business customers. Together, we will also be able to expand investment in product development and increase our appeal as an employer.”

Marc Walder, CEO of Ringier: “Ringier, TX Group and La Mobilière have succeeded in merging their leading real estate, vehicle, finance and classifieds platforms. General Atlantic brings complementary qualities as a globally recognised, successful investor in the field of digital marketplaces. The result is a uniquely positioned company in Switzerland. With this group, we will significantly expand our customer focus across all business areas. We will meet our customers’ requirements even more effectively through targeted investment in innovative products and services. This shared vision is the driving force of all the shareholders.”

Michèle Rodoni, CEO of La Mobilière: “As the leading Swiss insurer, we seek solutions that enable us to strike the right long-term balance between the fast-paced world of digital services and our long-standing, successful presence with our local independent general agencies. Through our investment in Scout24 Schweiz five years ago, we gained important knowledge in developing and expanding our products and services for the residential sector and SMEs. So for us, it is logical that we are a part of this now and in future, as one of the leading digital Swiss marketplaces is created.”

Joern Nikolay, Managing Director and head of German operations for General Atlantic: “We are very proud to help shape one of the leading digital companies in Switzerland alongside our new partners. As a global growth equity investor, we bring our many years of expertise in the strategic development of digital business models to the partnership, particularly in the online classified space. We are pleased to be part of this endeavour as we work towards driving its continued, long-term growth.”

TX Group AG will hold a 31% interest in the new joint venture; Ringier AG and La Mobilière will each hold a 29.5% share, and growth equity investor General Atlantic will have a 10% interest. The four shareholders will each have 25% of voting rights.

About TX Group

TX Group forms a network of digital platforms that offer users information, orientation, entertainment and services for everyday needs. Four independent companies operate under the umbrella of TX Group: TX Markets comprises the digital classified platforms and marketplaces in Switzerland; Goldbach handles advertising marketing in Switzerland, Germany and Austria; 20 Minuten is the company for commuter media in Switzerland and abroad; Tamedia leads the paid daily and weekly newspapers and magazines into the future.

About Ringier

Ringier AG is an innovative, digitalised and diversified Swiss media company operating in Europe, Asia and Africa. Its portfolio includes over 110 subsidiaries in the print, digital media, radio, ticketing, entertainment and e-commerce sectors and leading online marketplaces for cars, property and jobs. As a venture capital provider, Ringier supports innovative digital start-ups. Ringier, a family company, founded in 1833 as a publishing house and printing press, has invested consistently in the Group’s digitalisation and global expansion in recent years. In 2020, the company’s approximately 6,800 employees, operating in 18 different countries, generated revenues of CHF 953.7 million. Today, more than 69% of its operating profit already comes from digital, where Ringier is a leader among European media companies. Ringier represents independence, freedom of expression and a pioneering spirit.

About La Mobilière

Every third household and every third company in Switzerland is insured with La Mobilière. As of 31 December 2020, the all-lines insurer had a premium volume of approximately CHF 4.1 billion. Eighty independent general agencies with their own claims services provide cover to some 2.2 million customers at about 160 locations.
In its home markets of Switzerland and Liechtenstein, La Mobilière has about 5,900 employees and 338 apprenticeships. Established as a cooperative in 1826, La Mobilière is the oldest private insurance company in Switzerland. The Board of Directors of Schweizerische Mobiliar Genossenschaft ensure that the cooperative orientation of the group is maintained.

About General Atlantic

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 400 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $65 billion in assets under management as of March 31, 2021 and more than 175 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

Media Contacts

Susanne Jahrreiss & Ralf Geissler
General Atlantic +49 89 309052950 mail@perfect-game.de

Ursula Nötzli
TX Group AG +41 76 462 52 45 ursula.noetzli@tx.group

Johanna Walser
Ringier AG +41 44 259 61 23 johanna.walser@ringier.ch

Alice Chalupny
La Mobilière +41 31 389 88 44 alice.chalupny@mobiliar.ch

Categories: News

Tags:

Managed cloud services group continues growth: Waterland portfolio company Skaylink partners with BTT Cloud

Waterland

With support from Waterland Private Equity (“Waterland”), the cloud service provider Skaylink continues its growth. BTT Cloud, a leading provider of modern cloud infrastructure services, has partnered with the fast-growing Skaylink. The sellers of the majority share in BTT Cloud is its founder and managing director, who will remain with the company in his current position and will reinvest in Skaylink as well. Further financial details of the transaction were not disclosed.

BTT Cloud, based in Vilnius, Lithuania, is one of the leading European providers of modern cloud infrastructure services. The company supports customers throughout Europe during the implementation, operation and maintenance of private and public cloud environments. Due to continuously developing its proprietary solutions, BTT offers a broadly diversified range of services in the field of semi-automated cloud operation. Particularly in the area of Managed AWS (Amazon Web Services), BTT is one of the fastest-growing specialists. In addition, the company has comprehensive expertise in the Microsoft Azure and Google Cloud platforms.

The partnership enables Skaylink to expand its service capacities in the area of management and migration of cloud infrastructures, opening up an additional, highly attractive market for attracting new talent and expertise. Due to BTT’s know-how in the area of Google Cloud, Skaylink will also be able to support its clients in all three leading public cloud environments, thereby completing its service offering. As a result of the partnership, Skaylink will be able to take the next step in its journey towards becoming the leading provider of managed cloud services for enterprise and SME client based in the German-speaking DACH region.

“There are only a few companies able to operate highly complex cloud infrastructures using a platform-agnostic approach, with Skaylink being one of them. That is why we are very happy to have them as a partner on the way towards becoming the leading managed cloud service provider in Europe”, says Donatas Zaveckas, Managing Director at BTT Cloud.

“In the European market for cloud services, BTT is strongly positioned with an experienced team, which both shares our entrepreneurial ideas and aims to embrace a clear ‘Service First’ culture. We are seeing a number of opportunities to leverage this new partnership to expand our joint customer base and greatly improve our service portfolio through expansions”, says Gerald Jenner, Member of the Executive Committee at Skaylink.

“The partnership with BTT Cloud ideally complements the Skaylink service portfolio in the field of Google Cloud, thereby accessing a new, highly attractive market for IT experts. The high-quality standards of BTT’s cloud engineers have convinced us from the very beginning that the company is the ideal strategic expansion for Skaylink”, says Dr. Gregor Hengst, Partner at Waterland.

In 2020, the private equity investment group acquired a majority share in Skaylink. Since, Waterland has supported Skaylink and its managed cloud services platform in their organic and inorganic growth ambitions. In July 2021, the acquisition of root360, a leading German provider of Managed AWS, formed another important aspect of the long-term buy-&-build strategy for Skaylink, which today employs a staff of more than 500 at locations in Germany, Romania, Brazil, with about 70 more now in Lithuania.

Waterland has extensive experience in the fields of digitalization and modern IT infrastructure through its investments in several European countries. In the German-speaking region, Waterland has already invested in companies such as netgo (IT provider), Serrala (payment software), Netrics (cloud and ICT services) and GOD (enterprise IT and software solutions) as well as in Enreach (unified communications solutions), amongst others.

Categories: News

Tags:

The world needs a new technology for the hybrid cloud

OpenOcean

Why we invested in Sunlight.io by Ekaterina Almasque

When I was an investor for EMC and then Samsung from 2014 to 2019, there was already a clear focus on resolving major bottlenecks in the cloud. Data center architectures traditionally rely on storage and network infrastructure with high unpredictable latencies and low performance. In general, these architectures are complex, slow, expensive and difficult to manage, and this cannot be easily resolved by continuing to disaggregate server resources using traditional virtualisation methods.

Since then, the world has evolved. Today, new workloads such as Artificial Intelligence (AI) and High-Performance Computing (HPC) are driving ever-accelerating growth in volumes of data, and overwhelmingly dominating cloud resource consumption. The HPC-as-a-Service market alone is projected to reach $10B by 2023, according to MarketsandMarkets — growth largely driven by Healthtech and Life Science applications, which we have seen the importance of in the current healthcare crisis.

Furthermore, trends like connected cars, autonomous driving, and Industry 4.0 will continue to push workloads like AI to the edge. One of the major challenges in deploying edge infrastructure is that it is not possible to take a “traditional cloud” technology stack and deploy it in an edge architecture; there are very different resource limitations, including processing power, form factor and bandwidth. At the ‘far edge’, for example, there are devices on the factory floor which need to work in harsh environmental conditions, in small enclosures and with low power. Existing approaches, some of which were developed even before the “cloud era”, are extremely inefficient or unusable in such circumstances.

Last but not least, for much of the last 15 years “cloud versus on-premise” has been a recurring theme. The discussion has now morphed into “data everywhere”, as we witness a tectonic shift to a hybrid cloud. Many traditional technologies were architected for the era of the single cloud and do not natively support hybrid, let alone edge, thus creating siloes. As a result, a one-size-fits-all enterprise strategy is not viable.

Hyperconverged infrastructure (HCI) was developed to bring simplicity and software control to the deployment of enterprise applications. However, many of the early players in that space were created before the advent of edge and hybrid requirements. Even though they are racing to adapt, it is often hard to change the underlying architecture. As per Gigaom’s newest report, choosing the right HCI infrastructure remains challenging. Although HCI is becoming good at managing more applications, there is still a balancing act today for supporting both capacity-driven and latency-sensitive workloads.

What if there were no need to sacrifice high capacity for low latency and vice versa, especially when data and computation are all in a hybrid cloud environment? This is where Sunlight.io comes into play. Sunlight’s low footprint, high-throughput HCI stack provides distributed storage with equal to bare-metal performance for large amounts of data, with all the benefits of virtualisation and hyperconvergence. It is based on a unique Hypervisor technology, which is disrupting decades of homogenous, one-size-fits-all storage and compute in the datacentre, and its breakthrough can be captured in one word: “Efficiency.”

This gives Sunlight a distinctive advantage in the emerging market of micro-datacentres, colocation and hybrid cloud. In addition, it is second to none when it comes to running workloads at the edge. Sunlight’s ability to optimise resource usage is also vital to software-as-a-service players’ profitability when facing soaring infrastructure costs as they try to minimise the ‘infrastructure costs as a percentage of revenues’ metric.

At its core, the real breakthrough of Sunlight is in efficient handling of Input/Output, the very core of the cloud bottleneck. With targeted support of NVMe storage in several layers of the stack, Sunlight can achieve more consistent performance overall. The approach was developed by Julian Chesterfield, a co-founder of Sunlight and one of the top global minds in virtualisation, having been previously an architect of Xen, the original foundation of the Amazon cloud (XenSource was acquired by Citrix). Julian was inspired in his collaboration work with ARM in a previous venture, where he researched ways to remove inefficiencies in performance of workloads running on ARM-based servers. Luckily for Sunlight, it looks like the world is now moving towards ARM (and other hardware accelerators such as GPUs), with both Apple and Amazon announcing their move to ARM processors.

A series of performance benchmarks have been conducted to compare the performance of MariaDB’s database (OpenOcean’s portfolio company) running on Sunlight in AWS vs natively on an AWS instance. The tests demonstrate that with 8 cores allocated to the instance, Sunlight can achieve ​65% higher performance at ​40%​ of the cost. Access latency is measured at ​68%​ lower than the standard AWS instances. The resulting IOPS (input/output operations per second) in Sunlight’s case are astonishing.

Although our first reaction when we met Sunlight was “why would we need another virtualisation player?”, we are now convinced that Sunlight is the platform enabler we were looking for to finally make a cloud strategy more viable for both data centres and enterprises. We already see benefits for Splunk and other analytics workloads and we look forward to seeing more customers enjoying the benefits of Sunlight, both for delivering highly performant services and maximising Return on Investment.

Categories: News

Tags:

IronNet Launches Premium Professional Services Offerings in AWS Marketplace

C5 Capital

News provided by IronNet-

IronNet Cybersecurity, a leader in Network Detection and Response and Collective Defense, announced today that it is one of the first Amazon Web Services (AWS) independent software vendors to offer its professional services in AWS Marketplace.

AWS customers can now find and purchase Red Team, Hunt, and Security Advisory services from IronNet in AWS Marketplace, a curated digital catalog of software, data, and services that makes it easy to find, test, buy, and deploy software and data products that run on AWS. IronNet offers AWS customers the ability to easily quote and contract services in AWS Marketplace that help customers assess their cloud and network security. Within AWS Marketplace, AWS customers can also explore IronNet’s security solutions, which help protect enterprises against the most critical cyber threats targeting industries today. See IronNet’s AWS Marketplace listing for more information.

As organizations migrate to the cloud, they are looking for best-in-class security capabilities and professional services, like those offered by IronNet. With professional services from IronNet available in AWS Marketplace, customers have a simplified way to purchase and be billed for both software and related services in a centralized place. Customers can further streamline their purchase of software with standard contract terms to simplify and accelerate procurement cycles.

“IronNet is honored to participate in this launch and to offer our professional services through AWS Marketplace,” said IronNet co-CEO Bill Welch. “Our team is dedicated to helping companies evaluate their overall cybersecurity posture and develop customized strategies to enhance their defenses with our Network Detection and Response and Collective Defense capabilities. We’re pleased to be able to make it as easy as possible for AWS customers to obtain these critical services and software from one centralized location, in AWS Marketplace.”

IronNet’s Red Team, Hunt, and Security Advisory services, among others, are led by security professionals and threat researchers who have real-world experience with nation-state cyber operations. These customer engagements deliver end-to-end security posture evaluations that enable a customer’s security team to exercise their processes and technologies against a sophisticated but benign adversary, identify new and novel threats in their networks, and discover potential gaps. IronNet works closely with the customer’s security team to help address the findings, uncover opportunities for improvement, and identify threat actors that might otherwise not have been discovered, even in networks with sophisticated security controls.

Read the full press release here >>

Categories: News

Tags:

Cloudbakers Goes Big on Google Cloud with a Growth Capital Investment from Sunstone Partners

No Comments

SunStone Partners

Investment to Fuel Accelerated Growth in Cloud Adoption, Infrastructure, Data Analytics & Managed Services

CHICAGO, IL, (October 20, 2020) – Cloudbakers, a Google Cloud Premier Partner and Zoho Premium Partner, announced the completion of a significant growth capital investment from Sunstone Partners, a growth-oriented private equity firm specializing in technology-enabled cloud services. This capital will allow Cloudbakers to accelerate their growth in cloud-native services with a strong focus on growing their Google Cloud Platform technical consulting and managed services business.

Mitch Greenwald, CEO and Founder of Cloudbakers, said: “I couldn’t be more pumped up to welcome the Sunstone team to the Cloudbakers family. Their expertise, approach, and track record is amazingly complimentary to Cloudbakers’ business model, core values, and culture. This investment will drive exponential growth in our capabilities to the benefit of our clients, our partners, and our team.”

Cloudbakers was founded in Chicago, IL in 2010 and has experienced strong organic growth over the past decade while transforming hundreds of organizations with cloud-based data, application, and infrastructure modernization offerings. Cloudbakers’ blend of technical skills and people skills helps clients adapt to the ever changing digital landscape, modernize their applications, and do so in a practical, cost effective manner. Cloudbakers “brings the cloud down to earth” for their clients.

“Demand for cloud technology and expertise is growing, and Cloudbakers continues to delight customers with their focus on customer satisfaction, team values and strong technical expertise. Last year, Cloudbakers won our Google Cloud Expansion Partner of the Year Award for North America and we’re excited to accelerate our partnership to help customers digitally transform their businesses with Google Cloud.” -Eric Rosenkranz, North America Region Partnerships Leader at Google Cloud.

Sunstone’s Co-Founder and Managing Director, Mike Biggee, along with Operating Partner Jeff Rich, will join a new board of directors at Cloudbakers as part of the investment. Sunstone’s strategic and operational guidance were key to the recent growth and eventual sale of cloud-native consulting and managed services firm, Onica, to Rackspace in November of 2019.

“We are still in the early innings of a massive shift from legacy IT to public cloud infrastructure in organizations today, and we are extremely excited to partner with Cloudbakers to help guide customers through this change” said Mike Biggee from Sunstone Partners. “Cloudbakers is a great company with innovative processes, premier cloud-native talent, and deep intellectual property that add immediate and lasting value to clients in their cloud journeys.”

About Cloudbakers
Cloudbakers is a Google Cloud & Zoho Premier Partner that has been helping organizations successfully migrate to cloud technologies for nearly a decade. Being one of only a few Google Cloud Premier Partners, their mix of 50% tech skills and 50% people skills means they bring together custom solutions and side-by-side support. Adopting and adapting to changing technology is a difference maker for any business– that’s what Cloudbakers is here to help with. They bring the cloud down to earth. http://www.cloudbakers.com

About Sunstone Partners
Sunstone Partners is a growth-oriented equity firm that makes majority and minority investments in technology-enabled services and software businesses. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $800 million of committed capital to its first two funds. For more information, visit http://www.sunstonepartners.com

Categories: News

Tags:

3Cloud Acquires 3Cloud Acquires Pragmatic Works Consulting

Gryphon Investors

Acquisition expands 3Cloud’s data and analytics capabilities and geographic reach, forming the largest Azure pure-play services firm in the U.S.

Chicago, IL – September 10, 2020 —

 

3Cloud, a leading Microsoft Azure services firm, today announced that it has acquired the consulting arm of Pragmatic Works, an award-winning services firm focused on Microsoft’s cloud and data platforms.

“With the acquisition of Pragmatic Works Consulting, 3Cloud has taken another big step towards achieving our goal of becoming the number one Azure pure-play services provider” said Mike Rocco, 3Cloud CEO and Co-Founder. “Pragmatic Works Consulting has built an outstanding reputation as a leader in Azure data and analytics solutions, and we are excited to combine the expertise of our two world-class teams to deliver leading-edge Azure solutions for Microsoft customers.”

With this acquisition, 3Cloud will form the largest Azure pure-play services firm in the U.S. Additionally, 3Cloud will gain an expanded geographic presence to better serve clients across the U.S.

Pragmatic Works Training will continue to operate as a separately owned company under the leadership of Pragmatic Works CEO and Founder Brian Knight. “I’m extremely proud of the market-leading position Pragmatic Works has built in the Microsoft data and analytics space,” said Knight. “I look forward to seeing the talented employees of our consulting division continue to excel as part of the 3Cloud team.”

“Pragmatic Works Consulting has always focused on helping companies grow their business and operate more efficiently with data. We take pride in helping our clients solve some of their most complex technology challenges,” said Adam Jorgensen, Pragmatic Works Consulting President. “3Cloud has the same client-focused and growth-oriented approach, and we’re excited to join forces with them.”

Both firms have strong partnerships with Microsoft and industry-leading Microsoft credentials. 3Cloud was recently named the winner of the Microsoft US 2020 Azure Influencer Partner Award, and Pragmatic Works was named the winner of the Microsoft US 2020 Power BI Partner Award. Pragmatic Works was also a finalist for both the Power BI and Power Apps 2020 Microsoft Partner of the Year Awards and is a Databricks partner with deep expertise on this platform.

“We continue to see tremendous Azure growth momentum in the marketplace, especially in the data and analytics space as companies seek to modernize their data warehouse and business intelligence platforms,” said Jim Dietrich, 3Cloud President and Co-Founder. “With the help of our financial partner Gryphon Investors, we will continue to pursue growth opportunities across the spectrum of Azure solution areas while remaining committed to our mission of delivering the ultimate Azure experience for our clients.”

7 Mile Advisors served as exclusive financial advisor to 3Cloud and Gryphon Investors. Gryphon Investors completed a majority investment in 3Cloud in June 2020.

About 3Cloud
3Cloud is a “born in the cloud” Gold-certified Microsoft Azure technology consulting firm and Azure Expert Managed Services Provider that provides cloud strategy, design, implementation, and managed services to clients across multiple industries. Founded by former Microsoft technology leaders, 3Cloud combines a team of highly experienced cloud architects and technologists with a strong network of Microsoft sales and engineering relationships to deliver the ultimate Azure experience for clients.  3Cloud is headquartered in Chicago, Illinois with offices in Dallas, Texas and Pittsburgh, Pennsylvania, and supports clients throughout North America and Europe. To learn more, visit www.3cloudsolutions.com.

About Pragmatic Works
Pragmatic Works is 100% focused on Microsoft’s cloud and data platforms. They have worked across the United States with thousands of companies including 97% of the Fortune 100. Through their weekly free training sessions, large-scale virtual Azure events and a team dedicated to helping customers grow their business with data, they are uniquely positioned to consult businesses on taking advantage of the latest Microsoft applications. Pragmatic Works’ focused work with Microsoft has led to them being recognized as a finalist for the Data Platform Partner of the Year award in 2017, Data Analytics Partner of the Year award in 2019 and both the Power BI and Power Apps Partner of the Year award in 2020. They have also been named the 2020 MSUS Partner Award winner for Business Applications – Power BI. To learn more, visit www.pragmaticworks.com.

About Gryphon Investors
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on growing and enhancing mid-market companies in partnership with management. The firm has managed over $5 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $100 million to $300 million in portfolio companies with sales ranging from approximately $100 million to $500 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise. For more information, visit www.gryphoninvestors.com.

Contacts

Categories: News

Tags: