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BV Investment Partners Announces Sale of REAN Cloud to Hitachi VantaraBOSTON, 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."
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 About BV Investment Partners About Hitachi Vantara About Hitachi, Ltd. Contact: Chris Tofalli View original content to download multimedia:http://www.prnewswire.com/news-releases/bv-investment-partners-announces-sale-of-rean-cloud-to-hitachi-vantara-300736016.html SOURCE BV Investment Partners |