[May 2013]
CloudOrigin is delighted to have provided IT and Operational Due Diligence to GMT Communications Partners and Veronis Suhler Stevenson for the growth funding of IT-Ernity the leading internet and cloud service provider in The Netherlands.
Richard Hall, Chief Executive and founder of CloudOrigin, led this engagement.
CloudOrigin has worked with GMT on a series of technology deals across Europe and was delighted to advise Veronis for the first time.
We helped GMT develop their investment thesis from an early stage, recognising IT-Ernity as a market leader using process innovation to achieve growth with strong margins.
Working to an aggressive deal schedule CloudOrigin performed IT DD hand in hand with the Commercial DD provider to fully understand market drivers and identify growth requirement for operations, including detailed review of IT-Ernity datacentre providers and analysis of high value cloud computing service opportunities. We then briefed the banking partners early in the process and clearly explained IT-Ernity market position and strengths in a segment often obscured by hyperbole.
For press coverage see PEHub.com story (click here).