BOSTON, MA –June 21, 2011 – Cloud Technology Partners, the leader in transforming business with cloud solutions, today announced that it appointed State Street CIO, Christopher (Chris) Perretta to its Board of Directors . Mr. Perretta joins John Littlechild, Managing Director, Healthcare Ventures and the four Cloud Technology Partners founding executives on the Board. In addition, State Street has made a minority equity investment in the company. The additional funding will be utilized by Cloud Technology Partners for working capital, intellectual property creation and to support continued rapid growth.
“I am delighted to join Cloud Technology Partners’ Board and to participate in the growth of the company as cloud computing continues to change the way businesses approach information technology,” said Chris Perretta, Executive Vice President and Chief Information Officer for State Street. “State Street is committed to investing in new technologies, like cloud computing, to meet the changing needs of our clients.”
“The addition of Chris to our Board of Directors underscores our commitment to advancing our business strategy and technology direction and his significant background will be an invaluable resource,” said Chris Greendale, Founder and CEO, Cloud Technology Partners. “State Street has a well-deserved reputation for early identification and investment in industry stand-outs and we are pleased that they have chosen to make an investment in Cloud Technology Partners.”
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.