South Bay-based cloud computing service provider Reliam announced May 23 the acquisition of Boston-based G2 Tech Group for an undisclosed sum.
The deal is the second purchase for Reliam in the last month and comes after Great Hill Partners, a Boston private equity firm, ponied up $75 million in November to facilitate acquisitive opportunities. Reliam said in a statement that it would be rebranding later this year to incorporate G2 Tech and Stratalux, another South Bay web services firm Reliam said it acquired in April.
A spokesman for Reliam said terms of the deals were not disclosed and that he was unsure how much of Great Hill’s $75 million investment remained after the two deals.
Reliam, G2 Tech and Stratalux all do contract work related to the Amazon Web Services (AWS) cloud platform, with Reliam also working on Microsoft Azure platforms. Reliam Chief Executive Simon Anderson said in a statement that the addition of G2 Tech to the company along with Stratalux would propel the company forward.
“In G2 Tech Group, we saw a compelling opportunity to join forces with one of the most respected AWS partners in the Northeast, and a cloud services provider with AWS-recognized expertise in areas complementary to our own,” Anderson said. “Additionally, we were drawn to G2 as an exceptionally strong cultural match, from its tremendous reputation for customer engagement and success, to the way it has closely aligned itself with AWS leadership. I couldn’t be more excited about the company we’re now building together through Reliam, Stratalux, and G2.”
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Deals & Dealmakers: Two Reliam Deals in Two Weeks
- Silicon Beach Report May 23: Reliam Makes Second Acquisition in Last Month
- Reliam Acquires Stratalux
- Deals & Dealmakers: RBB Makes Push into New York
- Silicon Beach Report April 24: Reliam Acquires Stratalux
- Silicon Beach Nov. 28: Falcon Heavy Launch Date Slips into Next Year
- Onica Acquires TriNimbus
- Amazon to Team With L.A. Community Colleges for Cloud Computing Certificate Program