LOS ANGELES and LONDON, January 09, 2023 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired a majority stake in Cloud Technology Solutions Group (“CTS & CloudM”). The company consists of two market leading companies: “CTS,” providing Google Cloud professional and managed services, and “CloudM,” providing Google Workspace/M365 migration and management software. The company’s solutions help customers adopt advanced digital business models and benefit from reduced costs with improved data analytics and efficient productivity suite management. Current investor NorthEdge Capital (“NorthEdge”) re-iterated its support in the business and will maintain a minority share in the business.
“We believe CTS is well-positioned to capitalize on the momentum behind Google Cloud Platform, one of the fastest-growing public cloud platforms,” said Tom Ray, CEO of Cloud Technology Solutions Group. “We see growing demand for our leading professional and managed services capabilities across the sectors and regions we serve. We are delighted to join Marlin, who brings a wealth of operational expertise and domain knowledge to our team, while continuing our relationship with NorthEdge. With their shared vision and support, we look forward to further strengthening CTS’s position in the European market and continuing to invest in CloudM.”
“CTS has emerged as one of Europe’s largest and fastest growing Google Cloud partners,” said Mike Wilkinson, a managing director at Marlin. “The business’s focus and expertise in services and software for the Google Cloud Platform and Workspace make it well positioned in a strategic growth market. We are excited to partner with the management team to build and scale the business to become an EMEA leader in Google Cloud services and independently develop CloudM.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $8.5 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 200 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About CTS & CloudM
CTS is one of Google’s largest dedicated cloud partners in Europe, helping customers to differentiate by adopting Google Cloud technology, while nurturing a culture of innovation and sustainability. CTS works with organizations to modernize their technology stack, providing consultancy, implementation, billing and managed services for both Google Cloud Platform (“GCP”) and Workspace. Their secure and sustainable GCP solutions allow organizations to build infrastructure that supports long-term growth and to become data-driven by using Google’s industry leading data platform to make strategic and efficient decisions. Additionally, CTS has extensive expertise in change management and helps customers develop a more collaborative and productive workforce by adopting Google Workspace. For more information, please visit www.cts.co.
CloudM is a leading software provider for Google Workspace and M365. The software platform enables partners to migrate, automate, archive and backup data across both platforms. Used by over 200 partners, CloudM has established itself as a trusted platform to complete over 70 million migrations. For more information, please visit www.cloudm.io.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.