CloudFirst

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CloudFirst - overview

Established

2001

Location

Melville, NY, US

Primary Industry

Software

About

Based in the US, CloudFirst, operates as a provider of IT services. Based in Melville, the US and founded in 2001, CloudFirst offers IT services. The company was acquired by Renovus Capital, allowing it to enhance its business development. CloudFirst offers a comprehensive suite of managed cloud services designed to facilitate the modernization and migration of legacy systems into secure, scalable cloud environments.


Their primary services include managed cloud hosting, managed private and hybrid cloud solutions, and extensive cloud migration services, tailored specifically for businesses leveraging IBM i, AIX, Linux, and Windows platforms. The company focuses on empowering clients of all sizes to transition from traditional infrastructure to agile cloud solutions, optimizing operations and ensuring long-term success while enhancing security and compliance. Their clientele spans various sectors, including startups and established enterprises, with a global reach that includes markets across the United States and Europe. By integrating advanced security features and providing 24/7 expert support, CloudFirst is positioned to meet the demands of dynamic workloads across diverse industries.


CloudFirst operates primarily on a subscription-based revenue model, offering clients tailored service packages that allow for transparent consumption-based pricing. This structure enables businesses to predict costs based on their specific resource utilization while accessing comprehensive managed services. Clients generally enter into partnerships for ongoing managed cloud services, encompassing secure data protection, disaster recovery, and high availability solutions. These transactions are designed to enhance operational efficiency while ensuring compliance with regulatory standards.


The flagship offerings, such as their backup as a service and managed security services, represent critical components of their revenue generation, providing clients with robust solutions to safeguard mission-critical data and systems. In the acquisition by Renovus Capital, the rationale was to enhance CloudFirst's business development.


Current Investors

Renovus Capital

Primary Industry

Software

Sub Industries

IT Infrastructure, IT Security/Cybersecurity, Analytics & Performance Software

Website

www.cloudfirst.host

Verticals

Cloud Computing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

CloudFirst - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Corporate Carve OutCompletedForvis Mazars Group's IT and Cyber Managed Services Practice-
BuyoutCompletedCloudFirst-

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