Alantra advises CloudStratex on its sale to Brillio
London – Alantra, the global investment banking firm, has advised CloudStratex, a London-headquartered advisory services company that helps clients build smarter, more agile, and efficient cloud infrastructure to accelerate digital transformation, on its sale to Brillio. Backed by Bain Capital, US-based Brillio is one of the fastest growing digital technology service providers.
CloudStratex provides cloud infrastructure advisory services to clients in the UK and Europe. Founded in 2019, it is one of the fastest-growing private IT companies in the UK, and was ranked 27th in the Sunday Times 100 list in 2022. CloudStratex has partnerships with ServiceNow (recognised as the 2023 ServiceNow EMEA Premier Partner of the Year), Microsoft, and AWS. The company employs more than 170 technology and consulting professionals, based primarily in the UK. It serves more than 15 Global 2000 multinational companies.
This acquisition will enhance Brillio’s presence in the UK and Europe, strengthen Brillio’s consultative client engagement model, and expand its offerings for banking, financial services, and insurance (BFSI) clients. The combination of Brillio’s digital engineering capabilities, industry-oriented solutioning, and global execution model with CloudStratex’s advisory and cloud infrastructure expertise, deep client relationships, and reputed leadership will further strengthen the two companies’ ability to deliver superior business outcomes and experiences to their joint clients.
James Chapman-Andrews, Partner and UK Head of Technology, commented, “We’re delighted to have advised on a deal that successfully brings together two leading businesses. This transaction highlights our cross-border M&A expertise and significant experience in the technology consulting market.”
Adrian Overall, Chief Executive Officer of CloudStratex, said, “CloudStratex is a highly differentiated business with some very unique approaches to solving client problems, and we were concerned that any Advisor would find it difficult to translate that value proposition into something the market could understand and embrace. Alantra demonstrated strong insights into a very dynamic market that would change significantly over the period of our engagement, and yet the combination of CloudStratex’s uniqueness alongside Alantra’s capability and market understanding proved to be an exceptional partnership. Our future is incredibly exciting as we move forward with a business in Brillio that leads by example and is holistically aligned to the CSX culture and value proposition. We thank the Alantra team for their resilience, determination and world class execution.”
Raj Mamodia, Founder and Chief Executive Officer of Brillio, said, “The combined strength of Brillio and CloudStratex not only underscores our focus on the UK, Europe, and the BFSI sector, but also adds to our deep expertise in making IT more agile by helping enterprises move to secure cloud and modern engineering environments. Our clients globally will benefit from the acquisition. This will open exciting new avenues for us to collaborate with our clients in not just building agile and efficient infrastructure, but also uncovering actionable insights from it to create greater business value. We are thrilled to welcome CloudStratex’s talented professionals to Brillio and look forward to leveraging our well-aligned expertise and values to turn technology disruptions into competitive advantages for our clients.”