Cloud Equity Group Announces Sale of CloudAccess
NEW YORK, NY/ACCESSWIRE/May 31, 2022/ Cloud Equity Group, a New York-based private equity firm, today announced that it has completed the sale of CloudAccess, a platform-as-a-service hosting provider, to Miss Group, a hosting provider International website. Terms of the transaction were not disclosed.
Founded in 2010, CloudAccess is one of the leading WordPress and Joomla hosting providers internationally. By combining its proprietary control panel platform, 100% in-house customer service team, and ability to support programming/web development needs, CloudAccess’s “one-stop-shop” offers a significant hosting proposition to its customers, which include end users. in more than 200 countries around the world.
“We are thrilled to partner with Miss Group to continue our accelerated growth and take CloudAccess to the next level as the leading platform-as-a-service hosting provider,” said Jonathan Gafill, CEO of CloudAccess. “We thank Cloud Equity Group for their supportive and collaborative partnership over the past six years as we transformed the business through operational improvements and strategic growth.”
“We are extremely excited about the CloudAccess team and its future growth,” said Sean Frank, managing partner at Cloud Equity Group. “When we partnered with Jonathan Gafill and his leadership team, it was clear that CloudAccess had the talent to grow organically while continuing to execute its proven product expansion program. By completing an add-on and generating substantial organic growth, business nearly doubled during Cloud Equity Group’s ownership.
Fredrik Björklund, co-founder and CEO of Miss Group, added, “CloudAccess is a growing web hosting provider with an impressive customer base that will help us expand our reach across North America. Her specialist knowledge and capabilities with Joomla and WordPress will further strengthen Miss Group’s service offering, as well as opening our international network of technical expertise, products and services to current CloudAccess customers to support their business at as they grow.
About Cloud Equity Group
Founded in 2013, Cloud Equity Group is a leading asset management firm that invests in lower middle market growth technology companies. Cloud Equity Group’s mission is to partner with and support the best entrepreneurs in profitable and growing technology companies. The firm’s deep industry expertise and resources help build great companies to accelerate growth, improve operations and create long-term sustainable value. To learn more, please visit: https://www.cloudequitygroup.com
About Cloud Access
CloudAccess is the premier hosting and support platform for Joomla and WordPress content management systems. The company has developed and owns the exclusive rights to the Cloud Control Panel, a custom and feature-rich application management portal that sets new standards in the hosting industry. CloudAccess hosts over 15,000 websites and offers an industry-leading support team that supports all basic Joomla and WordPress functionality.
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