Cloudreach are joining Blackstone’s portfolio of companies.
Blackstone have acquired a majority share in Cloudreach. With the additional investment and commitment from Blackstone, Cloudreach will build upon our existing Customer partnerships to play a broader strategic role. Cloudreach will become a more robust organisation, scaling more rapidly, while staying true to our cloud-native principles. Our joint vision is to become the number one cloud enabler globally.
Cloudreach will continue to operate under the same brand and contractual arrangements. There will be extra focus on adding capabilities and resources to support our customers throughout their entire cloud adoption journey.
The exact terms of the transaction are commercially sensitive and will not be made public.