85 Advisors acts as exclusive financial advisor to CloudOps on its sale to Aptum (a DigitalBridge portfolio company)
NEW YORK, NY – January 12, 2023 – 85 Advisors is pleased to announce the sale of CloudOps – a provider of cloud consulting, managed application services, and cloud edge orchestration software – to Aptum, a portfolio company of DigitalBridge.
Founded in 2005, CloudOps has evolved into one of Canada’s leading cloud computing, cloud networking, and DevOps solution providers. The company helps North America's telecom, utility, financial services, healthcare, media, technology, and public sector organizations navigate their respective digital transformation journeys using open source and cloud-native platforms.
Aptum, which is a portfolio company of DigitalBridge, is a hybrid, multi-cloud managed service provider delivering complex, secure, high-performance cloud solutions. The acquisition of CloudOps will enable Aptum to deliver comprehensive hybrid multi-cloud solutions and services, including advanced cloud migration services and DevOps, to its customers in 43 countries.
85 Advisors acted as exclusive financial advisor to CloudOps in connection with the transaction. Financial terms were not disclosed.
A link to the Aptum press release announcing the transaction is available here.
About CloudOps
CloudOps is a cloud consulting, managed services, and software company focused on open source, cloud-native platforms, networking, and DevOps. CloudOps helps forward-thinking customers Own Their Own Destinies in the Clouds™ by engineering and operating cloud platforms to meet evolving business goals and achieve long-term operational success. The company’s primary focus is on telecom, utility, financial, large enterprise, software, media, healthcare, and public sector organizations. CloudOps is a portfolio company of Aptum Technologies, a hybrid, multi-cloud managed service and advisory and consulting provider dedicated to driving tangible business outcomes.
About 85 Advisors
85 Advisors is a strategic and financial advisory firm that helps technology companies plan, analyze and execute successful growth, financing, and M&A strategies. We work closely with our clients' senior management and board of directors to evaluate, plan and execute myriad strategic alternatives, including mergers, acquisitions, financings, joint ventures, and divestitures. Our focus and expertise extend beyond traditional investment banking services and, accordingly, we serve as a trusted and objective advisor to growth-stage and middle market technology companies on a variety of investment, growth, and operational matters. Our recommendations are informed by our extensive domain expertise paired with rigorous analysis of relevant macro, industry, company- and situation-specific factors. To this end, we have a strong track record of anticipating disruptive trends and changes in the competitive dynamics within the IT sector, and advising our clients on how to exploit these shifts proactively. We operate with a singular focus to help our clients achieve their long-term strategic objectives.