Qodea

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Qodea - overview

Established

2008

Location

Manchester, -, UK

Primary Industry

Software

About

Qodea, formerly known as Cloud Technology Solutions Ltd. specialises in providing innovative cloud solutions, particularly leveraging Google Cloud's capabilities in security, data analytics, and artificial intelligence to enhance digital transformation for businesses. Founded in 2008 and headquartered in Manchester, UK, Cloud Technology Solutions Ltd. focuses on delivering cloud technologies and services.


The company recently merged with Appsbroker Ltd. to create a new entity named Qodea. The company has engaged in 3 total deals, with the most recent deal occurring on October 9, 2023. The firm is led by CEOs James Doggart and Tom Ray.


Qodea is recognized as Europe’s largest dedicated Google Cloud partner, specializing in comprehensive cloud solutions utilizing Google Cloud’s strengths in security, data analytics, artificial intelligence, and innovation. Their core offerings encompass cloud migration services, data activation and AI solutions, cloud security measures, and business modernization strategies. Qodea serves a diverse clientele, including some of the world's largest brands across various industries, with operations in the UK, Germany, the Netherlands, Belgium, and Romania. In the most recent year, The company's revenue model is built on providing B2B cloud solutions through partnerships and consulting services, involving custom agreements tailored to client needs, including cloud migration, managed services, and AI solutions.


Following the recent merger with Appsbroker Ltd. on October 9, 2023, Cloud Technology Solutions Ltd. plans to leverage its expanded capabilities to introduce new cloud solutions and enhance its service offerings. The merger is expected to facilitate entry into new geographic markets, further solidifying its presence across Europe.


Recent funding will be strategically utilized to support these growth initiatives and drive innovation in cloud services.


Current Investors

Primary Industry

Software

Sub Industries

IT Infrastructure, Software

Website

www.qodea.com

Verticals

Cloud Computing, Cloud Computing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Qodea - 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-onCompletedTIQQE AB-
Add-on, Corporate Carve OutCompletedBeyond-
Add-onCompletedTmc3 Limited-
Add-onCompletedAppsbroker Ltd.-
Secondary BuyoutCompletedQodea-

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