[August 15, 2017]

CloudHealth Technologies Unveils Plan for New Global Headquarters

CloudHealth Technologies today announced plans to relocate its global headquarters from Boston's Fort Point area to expanded offices at 100 Summer Street, in the heart of the city's financial district. The move will provide 80,000 square feet of office space and ensure that the cloud service management leader remains a powerful fixture within the local technology innovation economy while continuing to attract top talent and accommodate its growing local employee base -- which is set to double over the course of 2017.

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CloudHealth Technologies Unveils Plan for New Global Headquarters (Photo: Business Wire)

2017 has been a year of dramatic growth for CloudHealth Technologies. The company expanded its international workforce, customer base, channel partner network and executive team. Other milestones included opening offices in Sydney, Tel Aviv and Amsterdam and announcing major enhancements to the award-winning CloudHealth platform. Most significantly, in June CloudHealth Technologies received $46 million in Series D funding from Kleiner Perkins, with participation from Meritech, as well as existing investors .406 Ventures, Scale Venture Partners and Sapphire Ventures.

In early 2016 CloudHealth Technologies expanded its offices in Fort Point to early 30,000 square feet. Yet the new space quickly filled as the company swelled from 60 Boston-based employees in January of 2016 to 130 in January 2017, (as of August 1, 2017 the count is nearly 200). Notably, the growth has not come at the cost of culture or led to a downturn in employee satisfaction: for the third year in a row, CloudHealth Technologies was named a Best Workplace by the Boston Business Journal, an award based on employee survey responses.

CloudHealth Technologies partnered with Chris Gorczyca, an Advisor at corporate real estate firm T3 Advisors, to find a site that perfectly reflects the team's unique blend of individuality, professionalism and world-class expertise. "We are thrilled for our client CloudHealth Technologies," said Roy Hirshland, CEO, T3 Advisors. "The amazing new space they are developing will foster innovation and creativity, and will scale alongside the company as it continues on its impressive growth trajectory."

"Our founding team has always had strong ties to Boston, which has a well deserved reputation as an entrepreneurial hub," said Dan Phillips, CEO of CloudHealth Technologies. "We're excited about this new site, where we'll continue to feed into the lifeblood of Boston's technology community, support the next generation of entrepreneurs and nurture innovation to support our customers. We pride ourselves in hiring great talent that will help shape the future of cloud management. Now we can promise them a space to work in that's as unique as they are."

100 Summer Street is managed by Equity Office, which was represented by Matthew George, VP of Leasing. The move is planned for mid-year 2018. 100 Summer Street is also home to many other notable Boston companies, including Bullhorn, Rapid7, Bloomberg (News - Alert) and GSN Games, among others.

About CloudHealth Technologies

CloudHealth, the recognized worldwide leader in the growing Cloud Service Management industry, provides integrated reporting, recommendations and active policy management to help companies control the problems associated with "cloud chaos." Our comprehensive platform gives enterprise companies and MSPs the ability to visualize, optimize and govern their cloud and hybrid environments. By providing analysis and deep insight into historical trends, capacity planning, resource optimization and resource automation, CloudHealth enables stakeholders ranging from C-level executives to engineers, cloud specialists, architects, IT directors and LOB managers to improve performance and drive value through their cloud ecosystems. Well-known organizations that rely on CloudHealth's capabilities and expertise include Amtrak, Dow Jones, Acquia, and Sumo Logic, among others. Based in Boston, the company is backed by Kleiner Perkins, Meritech Capital Partners, Sapphire Ventures, Scale Venture Partners, .406 Ventures and Sigma Prime Ventures. For continuous product updates, industry news and engagement visit us at www.cloudhealthtech.com or follow us @cloudhealthtech.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170815005605/en/

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