TechTarget: Cloud services market heats up during pandemic
Activity in the cloud services market continues to grow despite, and to some degree because of, the COVID-19 pandemic.
Consider these developments that surfaced this week:
Centrilogic, an IT transformation solutions provider based in Toronto, acquired ObjectSharp, also of Toronto, gaining a company that focuses on cloud-native development and application services around Microsoft Azure.
This month, two channel-centric companies with global presences – Accenture and Centrilogic – announced cloud acquisitions. While the deals were in the works prior to the coronavirus pandemic, they still signify that COVID-19 may not have the power to slow partners or vendors focused on next-generation technologies.
Indeed, if estimates from research firm IDC stay on target, cloud is the silver lining as the world works to survive an unprecedented economic threat. The transactions recently made public by Accenture and Centrilogic represent a small, yet positive, part of that new reality.
Fortune: Fortune Term Sheet
Centrilogic, a portfolio company of TriSpan and Long Point Capital, acquired ObjectSharp, a Toronto-based cloud-native solutions provider. Financial terms weren’t disclosed.
Centrilogic, a portfolio company of TriSpan and Long Point Capital, has acquired Toronto-based ObjectSharp, a cloud-native development and application services company.
Centrilogic, backed by private equity firms TriSpan Opportunities Fund and Long Point Capital, acquires Microsoft Azure cloud partner ObjectSharp for an undisclosed sum.
Private Capital Journal: TriSpan and Long Point Capital-backed Centrilogic acquires ObjectSharp
Centrilogic, a portfolio company of TriSpan LLP and Long Point Capital, has acquired ObjectSharp for an undisclosed amount.