Mar 31, 2023

James Doggart Private equity firm, NorthEdge, has become a minority investor in Manchester-based Cloud Technology Solutions. It follows a deal that sees Marlin Equity Partners, with offices in London and Los Angeles, become the majority owner, signalling the catalyst for the next stage of growth for Cloud Technology Solutions. Manchester-based NorthEdge Capital first invested in the company in 2018. It will continue to invest, alongside Marlin, as a minority partner. Cloud Technology Solutions is one of Google’s largest and fastest growing cloud partners in Europe, helping customers to differentiate by adopting Google Cloud technology. It is comprised of two businesses, CTS and CloudM. CTS works with organisations to modernise their technology stack, providing consultancy, implementation and managed services for both the Google Cloud Platform and Workspace. CloudM is a key provider of proprietary migration and management software for Google Workspace and O365. Related Articles This latest investment will strengthen the company’s position in the European market. London-based Arma Partners acted as exclusive financial advisor to Cloud Technology Solutions Group. It said the transaction further demonstrates Arma’s global leadership as the financial advisor of choice to the world’s most innovative public cloud and digital transformation services companies, and its specialised experience in the Google Cloud ecosystem. Following NorthEdge’s investment in 2018, Cloud Technology Solutions joined forces with Netherlands app development and machine learning specialist, Qlouder, led by co-founder Stefan Hogendoorn, creating 150 jobs. The merger signalled the start of a major international expansion for the company. At the time, James Doggart, Cloud Technology Solutions chief executive, said: “This merger is a very significant step for the business. It lays the foundation for us to expand our presence and strengthen our offering at a time when the market for our expertise is growing rapidly.” Previous Article