Announced
Completed
Financials
Tags
United States
Private Equity
strategic advisory
IT Services: Other
Acquisition
technical services
Majority
Friendly
Private
Single Bidder
Mbo
Completed
Synopsis
Private equity firm Gryphon Investors completed the acquisition of a majority stake in 3Cloud, a provider of strategic advisory and technical services for the Microsoft Azure cloud platform. Financial terms were not disclosed. "Gryphon's investment in 3Cloud is the outgrowth of our focus on Next Generation IT Services over the past year. We are enthusiastic about partnering with 3Cloud, which is favorably positioned in the attractive and fast-growing market of public cloud services and specifically Microsoft Azure," Gabe Stephenson, Gryphon's Business Services Group Principal.
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