Acquisition Expands 3Cloud’s Application Modernization and DevOps Capabilities, Strengthens Position as Largest Microsoft Azure Pure-Play Services Company in the United States
Posted: October 12, 2021 at 10:44 am MDT|Update: 23 minutes ago
CHICAGO, 12 October 2021 / PRNewswire / – 3Cloud, a leading Microsoft Azure service company, today announced the acquisition of Polaris Solutions, an application modernization and custom software development company specializing in Azure solutions and application lifecycle management.
âOur commitment to delivering the ultimate Azure experience to our customers continues with our acquisition of Polaris Solutions,â said Mike rocco, CEO and co-founder of 3Cloud. âPolaris has built an exceptionally talented team passionate about creating software that helps customers drive business results. Combining our team of Azure experts with theirs enhances our capabilities and allows us to continue to evolve to meet the demand for Azure services.
With this acquisition, 3Cloud strengthens its position as the largest Azure services company in the United States, with more than 300 employees and customer base nationwide. Polaris’ team of qualified Azure developers will join 3Cloud’s application modernization and development practices and DevOps, bringing expertise in application lifecycle management and agile development.
âAt Polaris, we focus on modern solutions that deliver important business results to our customers,â said Chris Kadel, founder and CEO of Polaris Solutions. âSolving problems through software innovation brings great joy to our customers and our team members. 3Cloud shares this value and we are delighted to join forces. “
Both companies have strong partnerships with Microsoft and leading Microsoft credentials. 3Cloud and Polaris are both Microsoft Gold Partners and have long-standing and complementary relationships with Microsoft Sales and Engineering.
âCustomer demand for Azure services across all of our solution areas has grown significantly over the past year as companies accelerate their adoption of the cloud in response to unprecedented market changes,â said Jim Dietrich, president and co-founder of 3Cloud. “With the help of our financial partner Gryphon Investors, we will continue to seek expansion opportunities to meet customer demand and further strengthen our status as the largest Azure-centric service provider in the United States.”
Kirkland & Ellis was legal counsel to 3Cloud and Gryphon Investors. Gryphon Investors has completed a majority investment in 3Cloud in june 2020.
Polaris was advised in the transaction by Innovation Advisors, a technology-focused investment bank.
As a leading Microsoft services partner 100% focused on the Azure platform, 3Cloud helps customers build, migrate, modernize and manage their applications, infrastructure, data and analytics in the cloud. Founded by executives from Microsoft, 3Cloud combines a team of highly experienced cloud architects and technologists with a strong network of Microsoft business and engineering relationships to deliver the ultimate Azure experience to customers. 3Cloud is headquartered at Chicago and serves clients across the United States. To learn more, visit www.3cloudsolutions.com.
About Polaris Solutions
Polaris Solutions is an application modernization and custom software development consulting firm that helps teams deliver high-value software through technical leadership, process improvement, and software development expertise. Polaris software developers are highly skilled in Microsoft technologies and specialize in application lifecycle management. Founded in 2008, Polaris has offices in Saint Louis and Chicago. To learn more, visit www.polarissolutions.com.
About Gryphon Investors
Situated at San Francisco, Gryphon Investors (https://www.gryphoninvestors.com) is a leading private equity firm focused on profitable growth and improving the competitiveness of mid-market companies in partnership with experienced management. The company has managed more than $ 5.0 billion equity and capital investments since 1997. Gryphon aims to make equity investments of $ 50 million To $ 300 million in portfolio companies whose enterprise value varies by approximately $ 100 million To $ 600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and managers to build leading businesses, utilizing Gryphon’s capital, specialized professional resources and operational expertise.
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SOURCE 3Cloud LLC
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