ClearScale Announces Strategic Growth Investment from Cohere Capital

SAN FRANCISCO, Jan. 7, 2020 /PRNewswire/ -- ClearScale ("ClearScale" or the "Company"), a cloud-native systems integration, strategic consulting and application development company, today announced the closing of a strategic growth investment from Boston-based private equity firm, Cohere Capital ("Cohere").

ClearScale is a leading cloud services provider with over 160 personnel in multiple offices across the globe, including San Francisco, San Jose, New York, Houston, Phoenix, Denver and Toronto with plans to open new locations in Chicago and Austin in 2020. As an Amazon Web Services ("AWS") Premier Partner, the Company has completed nearly a thousand engagements for its customers in its history and is sought out by those customers for its deep market expertise and proven ability to execute.

ClearScale was an early player in the public cloud professional services ecosystem since the Company's founding in 2011 and this investment provides ClearScale with the resources to further expand its cloud services and geographic presence to be an end-to-end solution provider to its clients. Specifically, the Company plans to enhance its managed service offering to meet the needs and desires of its client base and also invest into its sales, marketing and service delivery teams.

Pavel Pragin, ClearScale founder and CEO, commented, "ClearScale has been an AWS and cloud focused partner from day one, and this has helped us provide leading edge services with great value to our customers. Through our partnership with Cohere, we plan to further cement our dominance in providing "bread and butter" services like cloud migration, DevOps, application development and modernization as well as expand our growing data analytics and machine learning practices." Nila Ruslen, ClearScale COO, added, "We will continue to extend our world class services to existing and future customers as we help them adopt the newest technologies. ClearScale is anticipating significant growth over the coming years fueled by this investment."

Nik Shah, Cohere Capital Managing Partner and Co-Founder, commented, "ClearScale has built an incredible reputation for supporting customers across multiple industries with complex cloud transformation and data engineering projects. They have established themselves as a true market leader in the cloud services and AWS segment." Daniel Gedney, Cohere Capital Principal and Co-Founder, added, "We are excited to partner with the ClearScale team and to help the business expand its offerings and market presence."

About ClearScale

ClearScale is cloud-native systems integration, strategic consulting and application development company. The company offers cloud consulting, cloud migration, application development and modernization services, as well as a variety of data engineering services to a wide range of customers – from startups to large enterprises and public sector customers. For more information, visit: www.clearscale.com.

About Cohere Capital

Cohere Capital is a Boston-based private equity firm focused exclusively on middle market growth companies. Cohere Capital has a flexible mandate across growth markets, but primarily targets recapitalizations and growth investments in rapidly growing technology-enabled services companies. For more information, visit: www.coherecapital.com.

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SOURCE ClearScale

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