infoTECH Feature

July 01, 2015

Wheelings & Dealings: Cloud Technology Partners Scores $3.5 Million Funding Round to Scale Out Operations

Cloud services provider Cloud Technology Partners has received a $3.5 million top-up round of funding, the company announced. The firm specializes in cloud projects for enterprise clients, largely in the Fortune 500 segment. It also works closely with infrastructure providers AWS, Google (News - Alert) Cloud Platform and others to promote adoption of both public and hybrid cloud services.

Cloud Technology Partners plans to use the funds to scale out its sales and delivery capabilities and expand operations. The service provider has been growing at an astounding rate of more than 100 percent year over year, and has received total funding of $17.4 million.

"We have been doubling the number of cloud professionals we hire every year, and we need to increase this level of hiring in order to support the exponential growth in demand for our services," said Chris Greendale, CEO and founder, Cloud Technology Partners. "The good news is that given our position in the market, we have been able to recruit outstanding cloud thought leaders and experienced practitioners."

The company is also focused on innovation and development, and last month launched its Cloud Technology Partners (CTP) Labs for Google Cloud Platform. The initiative is designed to enable its enterprise customers as well as ISVs to transform their systems and software into multi-tenant, auto-scaling cloud services.

To that end, CTP Labs developed a cloud-based mobile testing platform for AFL Global, a fiber optic manufacturer with a vast crew of technicians and field services personnel. The platform leverages tools from Google Cloud, although CTP Labs is platform independent.

"Across the industry, we are seeing profound IT and business results achieved by leveraging cloud as an enabling platform – many of which have been realized by Cloud Technology Partners' clients," said Chris Girgenti, managing partner of Pritzker Group Venture Capital.

The latest round of funding was led by Pritzker, along with Oak Investment Partners and several existing investors.

Edited by Dominick Sorrentino

Subscribe to InfoTECH Spotlight eNews

InfoTECH Spotlight eNews delivers the latest news impacting technology in the IT industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter

infoTECH Whitepapers