DH Capital Advises Stratalux On Sale To Reliam
Stratalux, Inc. (“Stratalux”), a leader in building and managing Amazon Web Services (AWS) solutions for customers, recently announced its sale to Reliam, LLC (“Reliam”), a Los Angeles-based consulting and managed services provider for public cloud platforms including AWS and Microsoft Azure. Reliam is backed by Great Hill Partners, a Boston-headquartered growth capital firm focused on investments in high growth, mid-market technology companies. The parties executed a definitive agreement back in late March and terms of the acquisition were not disclosed.
Since 2010, Stratalux has delivered superior cloud-ready solutions using best-of-breed technologies and advanced AWS expertise. Stratalux leverages decades of experience from the world of traditional IT to help companies of all industries and sizes optimize AWS capabilities. Stratalux’s expert engineers focus solely on AWS by architecting cloud infrastructure for redundancy, availability, and cost-optimization. The acquisition of Stratalux not only adds exceptional expertise and technology to Reliam’s platform, but also allows Reliam to leverage Stratalux’s coveted relationship with AWS and Elemental in order to accelerate the adoption of AWS Cloud for customers worldwide.
“We’ve long viewed Reliam as a respected industry competitor that approaches cloud consulting and managed services with the same dedication and customer-centric viewpoint as we do,” said Jeremy Przygode, CEO & Founder of Stratalux, who will continue on as President of Media & Entertainment at the combined companies’ and become a member of the board of directors. “We really look forward to combining our talents and capabilities, as we grow together to improve on the cloud-centric advantages we deliver for customers.”
“We have been impressed with Stratalux’s successes in the AWS cloud services ecosystem, and our teams are really excited to be joining forces,” said Simon Anderson, CEO of Reliam. “Our combined team and expert insights on how best to migrate and run apps and workloads on AWS – and then execute continuous integration of software and performant management of data – will enable our customers to rapidly leverage the latest innovations in cloud computing services including serverless computing, artificial intelligence, and machine learning.”
“It was great working with the Stratalux team and we are extremely pleased for the company,” said Dean Mann, Partner at DH Capital. “Their new partnership with Reliam and Great Hill Partners is a very exciting step for the team. Stratalux did a terrific job building a leading managed service provider within the AWS ecosystem and earned a great reputation for their expertise and superior capabilities.”
DH Capital served as exclusive financial advisor to Stratalux and Greenberg Traurig, LLP acted as legal advisor to Stratalux in connection with the transaction. Choate, Hall & Stewart LLP acted as legal advisor and PwC served as accounting advisor to Reliam and Great Hill in connection with the transaction.
Stratalux was founded in 2010 as a born-in-the-cloud Managed Services Provider that focuses exclusively on AWS. As an audited AWS Next-Gen Managed Services Provider, Stratalux helps customers build and manage solutions built on Amazon Web Services. Its exclusive focus on AWS and DevOps technologies ensures that its customers have peace of mind, knowing that their infrastructure is highly optimized and in experienced hands. With Stratalux’s technology, automation, and AWS certified cloud engineers and architects, it delivers on the promise of well-architected frameworks, continuous operations, and security for each and every one of their customers.
Reliam is a trusted consulting and managed services provider for public cloud platforms, including Amazon Web Services and Microsoft Azure. Businesses across industries depend on Reliam to expertly and securely architect, migrate, manage, and optimize their cloud environments. A certified partner of both AWS and Azure and backed by 16 years of experience, Reliam enables customers to focus on business and product development – and not on actively managing cloud infrastructure.
About Great Hill Partners
Great Hill Partners is a Boston-based private equity firm that has raised over $5 billion in commitments since inception to finance the acquisition, recapitalization, or expansion of growth companies in the communications, financial technology, healthcare, information services, internet, media, retail, consumer, and software industries. Great Hill targets investments of $25 million to $200 million.
About DH Capital
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, software & IT services, and communications sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed 165 transactions and private capital placements totaling more than $23 billion in value.