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Announced

Completed

Gryphon-backed 3Cloud completed the acquisition of Pragmatic Works Consulting.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

analytics solutions

Majority

IT Services: Other

Completed

Private Equity

data solutions

Acquisition

Domestic

Friendly

consulting

Private

Synopsis

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Gryphon-backed 3Cloud, a Microsoft Azure services firm, completed the acquisition of the consulting arm of Pragmatic Works, a services firm focused on Microsoft's cloud and data platforms. Financial terms were not disclosed. "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. 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," Mike Rocco, 3Cloud CEO and Co-Founder.

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