BV Investment Partners Announces Sale of REAN Cloud to Hitachi Vantara
BOSTON, Oct. 23, 2018 /PRNewswire/ -- BV Investment Partners ("BV"), a middle-market private equity firm focused on the business services, software and IT services sectors, today announced the sale of REAN Cloud ("REAN"), an Amazon Web Services (AWS) Premier Partner and global cloud systems integrator, to Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501, "Hitachi").
Founded in 2013 and headquartered in Herndon, VA, REAN Cloud helps customers architect, build, migrate, and manage their IT workloads and applications on AWS, a rapidly growing public cloud infrastructure platform. The company provides professional and managed services to enterprise customers across various industry verticals, including higher education, technology, market/business intelligence, life sciences, and government.
BV invested in REAN in 2016 in partnership with the existing REAN leadership team. The company is led by industry veterans with deep cloud services expertise supporting customers in predominantly highly regulated end markets. In addition to its AWS Premier Consulting Partner status, REAN is a designated AWS Managed Services Partner, whereby it enables 24/7/365 best-practice large-scale cloud operations for customers. The Company has also achieved the AWS DevOps competency, assisting customers in implementing continuous integration, continuous deployment (CICD) pipeline automation, built leveraging the industry's best tools. REAN has grown rapidly since its inception and currently has over 120 employees worldwide. REAN can now leverage Hitachi Vantara's global delivery ecosystem and multicloud service offerings to deliver a leading portfolio of end-to-end cloud solutions across public, private and hybrid environments.
Matt Kinsey, Managing Director of BV, said, "Having invested in managed hosting and application hosting businesses, we identified the industry's shift towards cloud hosting several years ago. REAN stood out as one of the few AWS partners in the space that had demonstrated an ability to profitably deliver and scale enterprise-grade professional managed AWS services. Given the leading position of the Company, coupled with an exceptional management team, we felt we were in a solid position to rapidly grow the business in a short period of time. We are very pleased with the outcome of our investment and return for investors."
Sekhar Puli, REAN managing partner, said, "REAN is today tackling some of the most complex projects to help clients successfully migrate to a cloud infrastructure, seamlessly and securely, and efficiently. Our partnership with BV allowed us in a relatively quick time frame to further scale our business, and we look forward to building on our momentum under new ownership."
Sean Wilder, Principal, of BV, said, "Working with the talented and creative founders at REAN to execute on our growth plan in just over two years was extremely exciting for us at BV. As a result of implementing a number of growth initiatives, targeting compliance sensitive industries, and completing several targeted acquisitions, we have expanded the company's footprint beyond its core geographies and competencies."
About REAN Cloud
REAN Cloud, a global cloud systems integrator and Managed Service Provider (MSP), is a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN) and a Microsoft Azure Silver Partner. REAN Cloud offers managed services and solutions for hyperscale-integrated IaaS and PaaS providers, and is one the few systems integrators capable of supporting the entire cloud services life cycle. Backed by extensive security DNA and deep compliance IP and expertise, REAN Cloud specializes in helping enterprise customers that operate in highly regulated environments – Financial Services, Healthcare/Life Sciences, Education and the Public Sector – accelerate their cloud investments while extracting maximum value from use of the cloud itself. For more information about REAN Cloud, please visit www.reancloud.com.
About BV Investment Partners
BV Investment Partners is currently investing its ninth private equity fund. The firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $3.2 billion in more than 94 companies, actively targeting investments in the business services and information technology services industries. For more information, please visit www.bvlp.com.
About Hitachi Vantara
Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., helps data-driven leaders find and use the value in their data to innovate intelligently and reach outcomes that matter for business and society. We combine technology, intellectual property and industry knowledge to deliver data-managing solutions that help enterprises improve their customers' experiences, develop new revenue streams, and lower the costs of business. Only Hitachi Vantara elevates your innovation advantage by combining deep information technology (IT), operational technology (OT) and domain expertise. We work with organizations everywhere to drive data to meaningful outcomes. Visit us at www.hitachivantara.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
SOURCE BV Investment Partners
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