Atos to acquire Cloudreach to raise status as multi-cloud powerhouse

The French partner’s CEO said the buy will bolster its position as a ‘multi-cloud powerhouse’ in Europe

Atos has announced it has agreed to acquire multi-cloud services partner Cloudreach.

The London-HQ group has a headcount of more than 600 employees in cloud platforms, applications, and security.

Atos said Cloudreach expects revenues of €100m in 2021 and has additional offices in the US, Canada, the Netherlands, Germany, France, Switzerland and India.

The MSP has a broad multi-cloud portfolio encompassing certifications as a Microsoft Azure Expert MSP, a Google Cloud Premier Partner, a Google Cloud Security Partner, and a Premier Consulting Partner of AWS.

Cloudreach also entered a strategic collaboration agreement with AWS in August to accelerate global cloud adoption.

The partnership has been billed as a boost to Atos' go-to-market cloud services play.

"The future acquisition of Cloudreach has strong synergetic potential with the existing Atos expertise in Cloud, notably in Europe, and enhances the value of our past acquisitions of Syntel, Maven Wave, Edifixio and more recently VisualBI and AppCentrica," said Atos acting co-CEO, Adrian Gregory.

"Coupled with Cloudreach, Atos grows its position as the multi-cloud powerhouse, especially strengthening our global leadership position delivering AWS solutions.

"Further, as the company's largest region, Atos Northern Europe now has a potent combination to deepen the development and delivery speed of digital services for our customers.

"Atos will also allow Cloudreach to extend its excellence into North America and other regions of the group."

Financial terms of the acquisition have not been revealed.

The transaction is expected to close early Q1 2022 subject to regulatory approvals.

Brooks Bocherding, CEO of Cloudreach, adds: "We are excited to take Cloudreach on the next step of its mission to deliver the promise of cloud and drive extraordinary value for our customers.

"Our partnerships with Amazon, Microsoft and Google will be accelerated by the combination we are announcing today.

"Atos offers an impressive global platform of technology assets and deep expertise enabling clients to drive digital capabilities at an entirely new scale and speed, while providing our people with exciting new challenges and career growth."