Cloud Technology Partners Closes $2 Million Series A-2 Funding Round

Funding to Underwrite Aggressive Hiring Plans Across IP Development, Sales and Marketing

BOSTON, MA – September 24, 2012 – Cloud Technology Partners the leader in transforming businesses with cloud solutions, today announced the closing of a $2 million series A-2 round. The additional funding will be utilized to underwrite the company’s continued aggressive hiring plans particularly in the area of intellectual property (IP) development, as well as sales, marketing and client services. This round brings the company’s total funding to $5 million.

Cloud computing has changed the way we think not only about technology, but business itself. It’s not just about driving out costs anymore. The world now recognizes that virtually unlimited access to infrastructure, applications and services means that businesses can eliminate previous growth and competitive barriers and re-dedicate its resources to innovation and business differentiation,” said Chris Greendale, Founder and CEO of Cloud Technology Partners. “Our early and significant success has enabled Cloud Technology Partners to attract highly experienced A+ professionals that are truly the cream-of-the-crop – each boasting many, many years of acquired knowledge and expertise, as well as direct hands-on experience. It’s what our clients depend upon.” He concluded, “We are deeply gratified with the continued vote of confidence from our world-class investors, and thrilled with the opportunity it will afford us to maintain our growth trajectory. I am particularly excited about the significant contribution to this round from employees. It shows how much we all believe in the potential of this company.”

Since Cloud Technology Partners’ Series A round 15 months ago, the company is approaching 50 employees, most of whom have been directly involved with the conceptualization, strategic planning and/or physical build-out of many of the most notable private, public and hybrid clouds across the Fortune 500, both here in the U.S. and internationally.

About Cloud Technology Partners

Cloud Technology Partners helps companies plan, design and build cloud solutions for applications and infrastructures that reduce IT costs, streamline operations and accelerate time to market. With a comprehensive cloud-focused service portfolio and targeted methodologies and tools, Cloud Technology Partners enables the world’s leading businesses and institutions to innovate through cloud computing. Engagement expertise includes cloud strategy consulting, private cloud deployment, systems integration, application development and migration, and cloud security and governance. Headquartered in Boston, the company’s investors include select angels, State Street Bank and Greylock Partners.

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Hewlett Packard Enterprise

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