Greenville-based Green Cloud Technologies, a channel-only, Cisco-powered cloud provider, said it has closed on the acquisition of Atlanta-based Cirrity, a channel-only cloud solutions provider.
Terms weren’t disclosed.
Debt and equity financing were provided by Green Cloud’s existing investors, and the transaction is immediately accretive for the company, giving its partner network more capacity, security, and redundancy for cloud solutions, company officials said.
Green Cloud provides custom wholesale and white-label cloud solutions to a network of 400 reseller partners, and the acquisition expands Green Cloud’s capacity and data center presence, particularly on the West Coast, while adding core expertise around security and compliance services, the officials said.
In addition to the expanded security and compliance portfolio, Green Cloud partners will benefit directly from the addition of Cirrity’s data centers in Atlanta and Phoenix, which meet top industry security standards and certifications, including PCI and ISO 27001, the officials said.
“This important acquisition creates new opportunities for security and compliance solutions that complement our products in the healthcare and financial vertical markets,” said Shay Houser, Green Cloud’s founder and CEO.
Cirrity’s “channel-only” strategy fits “lockstep with our go-to-market strategy,” Houser said.
Green Cloud Technologies was founded in 2011 by Houser and several C-level telecom veterans who have worked to strengthen the company’s expansive suite of Cisco-powered, cloud-based products, services, and support.
In 2016, Green Cloud was ranked 73rd on Inc. Magazine’s 35th annual Inc. 5000, a listing of the fastest-growing private companies. Green Cloud also ranked No. 1 on the 2015 list of South Carolina’s Fastest Growing Companies.
“Cirrity is excited about joining proven success from the strong leadership team at Green Cloud, which has visionary telecom and cloud technology veterans committed to bringing the best and most secure cloud solutions to customers,” said Dan Timko, Cirrity’s former CTO and now Green Cloud’s CIO. “Like Green Cloud, we built our business on strong vendor and partner relationships and together, we are driven by a commitment to bring the best cloud solutions offered today.”
