CloudClevr has announced the acquisition of Bamboo Technology Group, a communications and IT specialist based in the UK. This strategic investment, following earlier investments in NGC Networks and 4Sight Communications, aims to extend CloudClevr’s geographic reach and offer complementary communications and IT capabilities.
CloudClevr’s CEO, Steve Harris, will take on the same role at Bamboo, with the existing leadership continuing in an advisory capacity. This marks CloudClevr’s third major acquisition as it solidifies its position as a next-generation provider of converged cloud, IT, and communication services.
- CloudClevr has announced the acquisition of Bamboo Technology Group, a leading communications and IT specialist based in Cheltenham, UK.
- This major investment gives CloudClevr increased geographic coverage in the west of England and brings complementary communications and IT capabilities to the group.
- Steve Harris, CEO of CloudClevr, has assumed the role of CEO of Bamboo Technology Group with immediate effect.
A New Chapter for CloudClevr and Bamboo Technology Group
In a noteworthy development in the tech sector, CloudClevr, the emerging managed services provider, has announced the acquisition of Bamboo Technology Group, an established communications and IT specialist in the UK. This significant move comes on the heels of CloudClevr’s prior investments in NGC Networks and 4Sight Communications and serves to amplify the company’s geographic footprint, particularly in western England.
Building a Robust Communications and IT Ecosystem
This acquisition, the third in a series of strategic moves, fortifies CloudClevr’s position as a next-generation Managed Services Provider, with an emphasis on delivering convergent Cloud, IT, and Communications services.
In the wake of this acquisition, Steve Harris, CEO of CloudClevr, has taken on the role of CEO of Bamboo Technology Group. Bamboo’s Lorrin White and Stuart Davis will remain associated with the group in an advisory capacity.
Forging a Strong Strategic and Cultural Fit
Stuart Davies, Bamboo’s founder, expressed his optimism about the merger, stating:
“It is clear that there is a very strong cultural and strategic fit between CloudClevr and Bamboo. I am pleased that the business will continue to thrive under new leadership and as part of a the CloudClevr group. I am looking forward to working with Steve and the team as Bamboo and CloudClevr enter this exciting period of growth”.
A Warm Welcome and a Bright Future
Steve Harris, now at the helm of both companies, warmly welcomed the Bamboo team into the CloudClevr family. He underscored his commitment to supporting the existing leadership team in accelerating the business’s growth.
Behind the Scenes: The Power of Investment
CloudClevr’s growth and expansion have been largely backed by Rigby Technology Investments (RTI), a specialist investment business that is part of the Rigby Group PLC. RTI has a track record of investing in high-growth, SMB-focused technology businesses and collaboratively working with ambitious business leaders to realise their growth potential.
Final Thoughts
The acquisition of Bamboo Technology Group by CloudClevr is a significant strategic move, signalling a robust expansion strategy. While it amplifies CloudClevr’s technical capabilities and geographic reach, it also opens up new opportunities for Bamboo to thrive under fresh leadership.
The strategic fit between the two companies, combined with their shared vision for a converged portfolio, sets the stage for an exciting period of growth. The tech world will undoubtedly be watching closely as this new chapter unfolds.
FAQ
Q: What is CloudClevr’s latest acquisition?
A: CloudClevr has announced the acquisition of Bamboo Technology Group, a leading communications and IT specialist based in Cheltenham, UK.
Q: Why did CloudClevr acquire Bamboo Technology Group?
A: CloudClevr made this major investment to increase its geographic coverage in the west of England and to bring complementary communications and IT capabilities to the group, as well as significant additional scale.
Q: Who is the CEO of CloudClevr?
A: Steve Harris, CEO of CloudClevr, has assumed the role of CEO of Bamboo Technology Group with immediate effect.
Q: Who will be staying on in an advisory capacity after the acquisition?
A: Lorrin White and Stuart Davis, the founders of Bamboo Technology Group, will be staying on in an advisory capacity.
Q: What did Stuart Davies, founder of Bamboo Technology Group, say about the acquisition?
A: Stuart Davies mentioned that there is a strong cultural and strategic fit between CloudClevr and Bamboo, and he is pleased that the business will continue to thrive under new leadership and as part of the CloudClevr group.
Q: Where does the majority investment for CloudClevr come from?
A: The majority of investment for CloudClevr comes from Rigby Technology Investments (RTI), the specialist investment business which is part of Rigby Group PLC.
Q: What is Bamboo Technology Group’s focus?
A: Bamboo Technology Group provides essential ICT infrastructure and support to customers to build their digital future. They offer connectivity, IT managed services, software development, and professional services expertise.
Q: What is CloudClevr’s focus?
A: CloudClevr is a cloud-based platform business focused on the convergence of cloud, communications, and IT-managed services. They aim to become a leading next-generation converged managed services provider.