Bristol cloud computing expansion following acquisition
Bristol-based cloud computing firm, intY Ltd have been acquired by Weather Investments.
The intY management and operational team will remain unchanged, focusing on the next phase of expansion in the intY CASCADE platform.
It is hoped the acquisition will help to extend the footprint of this new platform into international markets.
This includes accelerated product development, a significant increase in headcount with regional sales and engineering recruitment and joint go-to-market programs with partners.
Naguib Sawiris, Chairman and CEO of Weather commented: “We are delighted to make this strategic investment in intY. We believe that intY’s multi tenanted technology and approach to the delivery of cloud applications provides an environment for service providers to rapidly build cloud revenues, whilst providing increased customer retention and differentiation of solutions in a rapidly growing but increasingly competitive market.”
Chris Baldock, CEO of intY said: “The investment, telecom expertise and global reach of Weather will add significant value to intY as we rapidly grow our business. With a planned collection of cloud software applications, products and services scheduled to be added during the next 12 months and an increasing number of domestic and global service providers joining the intY CASCADE platform, this is an exciting time of expansion for us and all our partners.”
Mark Herbert, Business Development Director and Founder of intY said: “intY now has the ability to execute its global plans to revolutionize the way Cloud Services are aggregated and delivered through service provider channels to deliver proven success in customer revenue uplift, retention and satisfaction.
“intY’s CASCADE platform and vision is highly attractive to our target channels where we have achieved significant success to-date; the team at intY is now positioned to rapidly increase the CASCADE market footprint.”