Cloud Sherpas acquires Stoneburne
Atlanta, Georgia — September 5, 2013 — Cloud Sherpas has
acquired Stoneburn Software Services, a technology consulting and IT services
firm based in London, in a cash and stock deal (specific terms not disclosed)
that insinuates the market for cloud software and services in Western Europe is
maturing rapidly. The acquisition expands Cloud Sherpas’ presence in the
UK, where it already had offices, dozens of enterprise clients and over 70
full-time employees — a total Cloud Sherpas expects will double in the next 12
months. The deal also enhances Cloud Sherpas’ ability to serve regional
clients, an important factor given a recent report from IDC that estimates
companies in Western Europe will consume nearly $18 billion in public cloud
services by 2016.
Cloud Sherpas is one of the world’s largest independent
cloud services brokers and the two-time Google Enterprise Partner of the Year
for Google Apps. In just over six years, the Atlanta-based firm has grown
from zero to nearly 700 employees with offices on three continents, several
thousand customers, high-profile international partnerships with salesforce.com
and ServiceNow, and is projected to exit 2013 on an annualized revenue run-rate
above $150 million. While the acquisition of Stoneburn marks Cloud Sherpas’
eleventh acquisition in it’s combined corporate history, much of this growth
has been organic. The firm anticipates its Google business unit that helps
organizations migrate to and use a wide range of Google Enterprise products to
grow over 70% in 2013.
The Stoneburn acquisition is strategic to Cloud Sherpas for
a number of reasons:
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