BOSTON, Aug. 30, 2016 /PRNewswire/ -- Cloud
Technology Partners (CTP), the premier cloud services and software
company for enterprises moving to cloud, today announced that it
successfully closed its Series C funding round. Existing investors
Rackspace (NYSE: RAX), State Street Bank (NYSE: STT) and Pritzker
Group Venture Capital participated in the financing. Scott Crenshaw, Senior Vice President Strategy
and Product at Rackspace and Antoine
Shagoury, Executive Vice President and CIO at State Street
Bank, have joined the Cloud Technology Partners Board of
Directors.
"We have experienced near triple-digit growth this year and our
outlook for 2017 and beyond is equally strong. We are using this
funding to support our rapid expansion while scaling our core
offerings, go-to-market programs and global coverage," said
Chris Greendale, Founder and CEO,
Cloud Technology Partners. "We are exceedingly pleased with the
vote of confidence our investors, ecosystem partners, clients and
employees have made in us as we continue to build a great cloud
company."
Specifically, the funding will be focused in these four
areas:
1) Expanding the Cloud Adoption Program
Based on the best practices from hundreds of successful
engagements, the Cloud Adoption Program helps clients safely
accelerate their cloud application migration by bringing together
the best technology, practices and learnings for enterprise-wide
cloud adoption.
"The Cloud Adoption Program has been a huge success with our
enterprise clients who want to ensure their cloud initiatives start
- and stay - on track," said Robert
Christiansen, Vice President and Cloud Adoption Practice
Lead at Cloud Technology Partners. "CTP's prescriptive
approach to cloud adoption and application migration has proven
invaluable to dozens of enterprises including the most prominent
financial services, telecommunications, manufacturing and
technology firms in the world. Today we are expanding the program
to cover end-to-end cloud adoption for clients across all
industries and on all major public cloud providers including Amazon
Web Services, Google Cloud Platform and Microsoft Azure."
2) Expanding CTP's Digital Innovation Practice
"Our clients are turning to CTP to design and implement
cloud-native software solutions leveraging the Internet of Things
(IoT), Big Data, Machine Learning, Blockchain and other emerging
technologies. We are already working on some of the world's most
advanced IoT initiatives and we will be using this round to
continue to expand our IoT, software development and innovation
capabilities," said John Treadway,
Senior Vice President, Cloud Technology Partners.
3) Building CTP's Managed Services Capabilities
This April, Rackspace and Cloud Technology Partners announced a
strategic partnership to deliver professional and managed services
for enterprises leveraging Amazon Web Services, Microsoft Azure and
other cloud platforms.
"The Rackspace and CTP teams are integrating our offerings to
create a new category of managed services and provide enterprise
clients with unparalleled end-to-end cloud services," said
Brian Ott, Vice President and Shared
Services Practice Lead, Cloud Technology Partners. "We reduce the
risk and accelerate the success of our clients' cloud adoption and
ongoing operations by working as one cohesive team from the early
stages of an engagement through the operations and optimization
phases. This eliminates any disruption during a client's onboarding
to a management platform."
From cloud strategy through ongoing operations, the new joint
offerings deliver the best managed services, software and
intellectual property available on the market.
4) Expanding CTP's Sales & Delivery Teams
"In order to meet unprecedented market demand, we are also using
the C round to grow our sales and delivery teams both across
the United States and
Internationally," said Bruce
Coughlin, Executive Vice President, Cloud Technology
Partners. "The market opportunity is staggering and we look
forward to scaling globally to support our enterprise clients. This
funding will allow us to invest properly in both sales and
delivery, while also driving the innovation that our clients
expect."
About Cloud Technology Partners
Cloud Technology Partners (CTP) is the premier cloud services
and software company for enterprises moving to AWS, Google,
Microsoft and other leading cloud providers. From strategy to
operations, CTP accelerates end-to- end cloud adoption with the
best implementation services, software and intellectual property
available on the market. CTP's comprehensive framework for cloud
adoption and dedicated software development capabilities help
clients achieve business results faster, no matter where they are
in their cloud transformation. For more information, please visit:
www.cloudtp.com.
Cloud Technology Partners, cloudTP and CTP are registered
trademarks of Cloud Technology Partners. All other company, brand
and product names contained in this announcement may be trademarks
or registered trademarks of their respective holders.
PR Contact:
Nicole
Gorman
Corporate Communications
Cloud Technology Partners
M: 508-397- 0131
nicole.gorman@cloudtp.com
Logo -
http://photos.prnewswire.com/prnh/20110131/NE38950LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cloud-technology-partners-closes-series-c-funding-round-300319955.html
SOURCE Cloud Technology Partners