NEW YORK, NY / Accesswire / May 31, 2022 / Cloud Equity Group, a New York-based private equity firm, today announced it has completed the sale of CloudAccess, a leading platform-as-a-service hosting provider, to international web hosting provider Miss Group. . Terms of the transaction were not disclosed.
Founded in 2010, CloudAccess is a leading international provider of WordPress and Joomla hosting. CloudAccess’s “one-stop-shop” combines a unique control panel platform, a 100% in-house customer service team, and the ability to support your web programming/development needs to provide your clients, including end-users, with a significant hosting offer To do. in over 200 countries around the world.
CloudAccess CEO Jonathan Gafill said: “We would like to thank Cloud His Equity His Group for their supportive and collaborative partnership over the past six years in transforming our business through operational improvement and strategic growth.”
Sean Frank, Managing Partner at Cloud Equity Group, said: “When partnering with Jonathan Gafill and his management team, it was clear that CloudAccess had the talent to grow organically while continuing to execute on their proven product expansion plans. By driving substantial organic growth, we have nearly doubled our business during the period of Cloud Equity Group’s ownership.”
Miss Group co-founder and CEO Fredrik Björklund added: In addition to serving the Group, he will open up an international network of technical expertise, products and services to his CloudAccess current customers to support their business growth. ”
About Crowd Equity Group
Founded in 2013, Cloud Equity Group is a leading asset management firm that invests in growth technology companies in the lower middle market. Cloud Equity Group’s mission is to partner with and support the best entrepreneurs in growing and profitable technology companies. Our deep sector expertise and resources help us build great companies with the aim of accelerating growth, improving operations and driving long-term sustainable value. For more information, please visit https://www.cloudequitygroup.com.
About cloud access
CloudAccess is the leading hosting and support platform for Joomla and WordPress content management systems. The company developed and has exclusive rights to Cloud Control Panel, a custom-built, feature-rich application management portal that sets new standards in the hosting industry. CloudAccess is home to over 15,000 websites and offers an industry-leading support team supporting all core Joomla and WordPress features.
PR for investors
Phone: (212) 618-1298
ir@cloudequitygroup.com
sauce: Cloud Equity Group
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