Charles Thayne Capital (“CTC”) a growth-oriented and technology-focused private investment firm, announced alongside CEO partner Shaun Ritchie, that it has acquired nClouds (nclouds.com), a leading provider of managed cloud services.
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Headquartered in the San Francisco Bay Area, nClouds serves start-up, small and medium business (SMB), and enterprise customers across a range of industries. A customer-first, engineering-led culture has earned nClouds a Net Promoter Score (NPS) of 83 – twice the industry average for the segment. nClouds’ customers include Alation, E. & J. Gallo, Lucid Group, Shell, Siden, State of California, among others.
The company has deep expertise in helping organizations build and manage cloud infrastructure on Amazon Web Services (AWS). Notably, nClouds is an AWS Premier Tier Services Partner and has advanced skills in the areas of DevOps, cloud migration, and modernization, including infrastructure-as-a-service (IaaS), containerization, and serverless computing. Gartner, Inc. forecasts IaaS to experience the highest end-user spending growth in 2022 at 30.6%.
Shaun Ritchie will lead nClouds as its CEO in its next phase of growth. Mr. Ritchie is an experienced operator and entrepreneur who has founded and run multiple successful technology companies. Scott Jensen, Kelly Chamberlain, and Adam Wardel will also join the nClouds management team in executive roles. Jatinder “JT” Giri, nClouds’ co-founder, will remain with the company as an advisor.
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“I am thrilled at the opportunity to join the nClouds team,” said Mr. Ritchie. “JT has built an exceptional organization with differentiated delivery capabilities and scalable process that maintains superior quality. The addition of Scott, Kelly, and Adam to the talented team already in place will allow us to accelerate growth and deliver even more value to customers.”
Brian Gornick, Co-founder and Managing Partner of CTC, added, “We believe that we are still in the early innings of the transition to the public cloud, and we expect high growth rates in the sector to continue. We couldn’t be more excited about the team we are partnering with and the opportunities ahead for nClouds.”
“I am excited about the acquisition,” said Ameya Talwalkar, Co-founder & Chief Product Officer at Cequence Security, an nClouds customer. “nClouds has built a successful business model based on a customer-first culture, outstanding customer experience, and technical skills – and a close relationship with AWS that has enabled them to bring enormous value to our cloud journey. The relationship with CTC and an expanded, seasoned leadership team enables this model to scale rapidly.”
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