Abry Partners Acquires CloudWave: Operational Sustainability
“CloudWave is eager to enter this next stage of growth with the support of Abry Partners. The leadership team at CloudWave is happy to have a partner who understands the healthcare market, the challenges our hospital customers face, and the opportunity that lies in helping to solve for these challenges with cloud-based technology solutions. We are fortunate to join together with Abry as an experienced financial partner in the IT services industry, enabling us to both leverage the strong foundation we’ve built on our core capabilities and invest in a strategy to expand the scope of services we offer to serve the needs of our customers.”
“Our vision for CloudWave has always centered on helping our hospital customers focus on their mission of serving their communities by providing solutions that offer operational sustainability. Cloud platforms can help hospitals address many issues associated with complexity, cost, and resiliency, but we found that operating and managing systems continued to be burdensome. We built our OpSus Cloud Services to be the healthcare cloud delivered by healthcare people.” Fitzgerald added, “Point cloud solutions and managed services that meet customer needs, combined with CloudWave’s expert federation and delivery, will continue to be our focus as we execute on our expanded vision with Abry Partners.”
“We are excited to partner with the CloudWave team to support their continued growth and delivery of innovative IT services to healthcare. The CloudWave team has demonstrated deep IT operations expertise, commitment to customer satisfaction, and an impressive track record of achieving successful outcomes for their healthcare customers. We look forward to working with CloudWave as they develop and expand the business, and we are committed to investing in their growth.”
Abry Partners: Private Equity Background, MSP Investments
Abry has an intensive history in both the MSP and CSP sector. The private equity firm’s key moves include:- February 2020: A minority investment in Asignet, an MSP preparing to launch a robotic process automation (RPA) platform called Robot4IT.
- January 2019: Investing in Options Technology, an MSP that offers managed cloud applications to financial services firms.
- August 2018: Backing NexusTek, an MSP that made three acquisitions in August 2018.
- December 2017: Abry Partners helped NexusTek recapitalize its business in December 2017.
