Investment to Fuel Accelerated Growth in Cloud Adoption, Infrastructure, Data Analytics & Managed Services
CHICAGO, IL, (October 20, 2020) – Cloudbakers, a Google Cloud Premier Partner and Zoho Premium Partner, announced the completion of a significant growth capital investment from Sunstone Partners, a growth-oriented private equity firm specializing in technology-enabled cloud services. This capital will allow Cloudbakers to accelerate their growth in cloud-native services with a strong focus on growing their Google Cloud Platform technical consulting and managed services business.
Mitch Greenwald, CEO and Founder of Cloudbakers, said: “I couldn’t be more pumped up to welcome the Sunstone team to the Cloudbakers family. Their expertise, approach, and track record is amazingly complimentary to Cloudbakers’ business model, core values, and culture. This investment will drive exponential growth in our capabilities to the benefit of our clients, our partners, and our team.”
Cloudbakers was founded in Chicago, IL in 2010 and has experienced strong organic growth over the past decade while transforming hundreds of organizations with cloud-based data, application, and infrastructure modernization offerings. Cloudbakers’ blend of technical skills and people skills helps clients adapt to the ever changing digital landscape, modernize their applications, and do so in a practical, cost effective manner. Cloudbakers “brings the cloud down to earth” for their clients.
“Demand for cloud technology and expertise is growing, and Cloudbakers continues to delight customers with their focus on customer satisfaction, team values and strong technical expertise. Last year, Cloudbakers won our Google Cloud Expansion Partner of the Year Award for North America and we’re excited to accelerate our partnership to help customers digitally transform their businesses with Google Cloud.” -Eric Rosenkranz, North America Region Partnerships Leader at Google Cloud.
Sunstone’s Co-Founder and Managing Director, Mike Biggee, along with Operating Partner Jeff Rich, will join a new board of directors at Cloudbakers as part of the investment. Sunstone’s strategic and operational guidance were key to the recent growth and eventual sale of cloud-native consulting and managed services firm, Onica, to Rackspace in November of 2019.
“We are still in the early innings of a massive shift from legacy IT to public cloud infrastructure in organizations today, and we are extremely excited to partner with Cloudbakers to help guide customers through this change” said Mike Biggee from Sunstone Partners. “Cloudbakers is a great company with innovative processes, premier cloud-native talent, and deep intellectual property that add immediate and lasting value to clients in their cloud journeys.”
About Cloudbakers
Cloudbakers is a Google Cloud & Zoho Premier Partner that has been helping organizations successfully migrate to cloud technologies for nearly a decade. Being one of only a few Google Cloud Premier Partners, their mix of 50% tech skills and 50% people skills means they bring together custom solutions and side-by-side support. Adopting and adapting to changing technology is a difference maker for any business– that’s what Cloudbakers is here to help with. They bring the cloud down to earth. http://www.cloudbakers.com
About Sunstone Partners
Sunstone Partners is a growth-oriented equity firm that makes majority and minority investments in technology-enabled services and software businesses. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $800 million of committed capital to its first two funds. For more information, visit https://sunstonepartners.com