UPSTACK, a fast-growing platform that transforms the buying experience for businesses seeking cloud and internet infrastructure solutions, announced it has acquired Cloudwirx Inc., a global technology infrastructure solutions firm serving large enterprises worldwide. Terms of the transaction were not disclosed.
The acquisition of Cloudwirx is part of UPSTACK’s strategy to accelerate the growth of its platform, which combines leading advisors with advanced technology, support resources and data.
UPSTACK also announced last month an initial $50 million equity investment from Berkshire Partners, which will enable it to continue to scale its platform through technology expansion and partner acquisitions.
As part of the deal, Cloudwirx’s owners — CEO Jeremy Dodds, COO James Caulfield and Chief Sales Officer Brian Fagan (pictured) — will join UPSTACK as partners and true equity stakeholders. They also will serve as advisors to business customers that are sourcing cloud, data center, network connectivity and unified communications through the UPSTACK platform.
Cloudwirx was formed in 2015 by three enterprise colocation and network connectivity executives who, after two decades as employees for technology providers, were eager to take a vendor-neutral approach to better solve their customers’ IT challenges.
Fast forward six years, Cloudwirx’s approach had earned the trust of many large enterprise customers, which are based in North America and with offices in Asia-Pacific, Europe, the Middle East and Africa. To continue its success, the Cloudwirx team began looking at ways to scale and grow the business.
Cloudwirx’s owners looked at UPSTACK as a way to accelerate their plans but also to help them to expand their solutions portfolio and expertise.
For more information, visit upstack.com/for-advisors or contact partners@upstack.com.
