Great Hill Partners Announces Strategic Sale of Mission Cloud Services
Great Hill Partners, a respected private equity firm known for investing in high-growth companies, has taken a significant step forward in the cloud technology sector. They recently announced a definitive agreement to sell Mission Cloud Services Inc. to CDW (NASDAQ: CDW), a major multi-brand provider of IT solutions. This transaction underscores the growing importance of cloud services in today's digital landscape, benefiting businesses, governments, educational institutions, and healthcare providers alike.
Mission Cloud Services: A Leader in Cloud Solutions
Mission Cloud Services stands out as a premier provider of cloud professional services and consulting. Renowned for its expertise in managing Amazon Web Services (AWS) environments, Mission delivers innovative AI capabilities and comprehensive cloud management solutions. As an AWS-certified generative AI partner, Mission utilizes advanced machine learning to enhance data security and optimize resource management for its clientele.
Growth Journey Since Inception
Since its founding, Mission has experienced remarkable growth, evolving into the largest independent AWS managed services company in the United States. Great Hill Partners initiated its partnership with Mission in 2017, leading to strategic investments in several technology ventures that have significantly bolstered Mission's position in the competitive cloud services market.
Leadership Perspectives
The leadership team's vision at Great Hill Partners has been central to Mission's success. Drew Loucks, a Managing Director at Great Hill Partners, expressed his pride in witnessing Mission's journey from concept to industry leader. He noted the remarkable dedication and hard work of the team at Mission, which propelled their impressive growth.
Partnership Appreciation
Simon Anderson, the founder and CEO of Mission, acknowledged the invaluable support provided by Great Hill Partners, attributing their ability to scale and innovate to the operational expertise and strategic guidance offered by the firm. This kind of collaboration has proven beneficial, allowing Mission to solidify its standing as a leading AWS managed service provider.
Legal and Financial Advisory Teams
As this significant transaction unfolds, Choate, Hall & Stewart LLP is acting as legal counsel for Mission, while Arma Partners is serving as the financial advisor, ensuring a smooth transition as Mission joins the ranks of CDW's extensive offerings.
About Great Hill Partners
Founded in 1998, Great Hill Partners specializes in private equity investments ranging from $100 million to $500 million in dynamic sectors such as software, digital commerce, financial technology, healthcare, and digital infrastructure. With their headquarters in Boston and another office in London, Great Hill has successfully raised more than $12 billion in commitments. They have established an impressive portfolio of over 100 companies, earning acclaim for their investment strategies and focus on building strong partnerships with entrepreneurs.
About Mission Cloud Services
Mission remains at the forefront of cloud services with its comprehensive offerings, which include end-to-end solutions and cutting-edge AI technologies. As an AWS Premier Tier Partner, Mission is dedicated to helping businesses effectively manage their technology investments, enhance performance, and increase data security. Additionally, Mission is noted for its workplace culture and commitment to advancing diversity, equity, and inclusion.
Frequently Asked Questions
What is the significance of Great Hill Partners selling Mission Cloud Services?
The sale of Mission Cloud Services to CDW highlights the growing importance of cloud technologies and provides CDW with enhanced capabilities in cloud services.
What role does Mission play in the cloud services market?
Mission is a leading provider of cloud professional services, specializing in AWS and offering innovative AI solutions to its customers.
How has Great Hill Partners contributed to Mission's success?
Great Hill Partners has provided strategic investments and guidance since 2017, helping Mission grow into the largest independent AWS managed services provider.
Who are the key players in this transaction?
Drew Loucks from Great Hill Partners and Simon Anderson from Mission have been pivotal in fostering the partnership that led to this transaction.
What is the future outlook for Mission following its acquisition by CDW?
With CDW’s extensive resources and reach, Mission is expected to expand its service offerings and customer base significantly in the coming years.
