- Cloud Technology Solutions provides cloud migration and management to customers through its proprietary software and managed services
- NorthEdge acquired CTS in March 2018
- Cloud Technology Solutions Group consists of two companies, CTS and CloudM
NorthEdge has sold a majority stake in Cloud Technology Solutions Group (CTS) to Marlin Equity Partners. The deal included a “material” reinvestment into Cloud Technology Solutions Group from NorthEdge Fund II and NorthEdge Fund III, alongside Marlin, and it delivered a “strong” return for NorthEdge II, according to the firm.
Based in Manchester in England, CTS consists of two companies. CTS is a provider of Google Cloud professional and managed services and CloudM is a provider of Google Workspace/M365 migration and management software.
“CTS has emerged as one of Europe’s largest and fastest growing Google Cloud partners,” said Mike Wilkinson, a managing director at Marlin. “The business’ focus and expertise in services and software for the Google Cloud Platform and Workspace make it well positioned in a strategic growth market. We are excited to partner with the management team to build and scale the business to become an EMEA leader in Google Cloud services and independently develop CloudM.”
Marlin Equity Partners is a global investment firm based in Los Angeles with over $8.5 billion of capital under management.
Manchester-headquartered NorthEdge manages £900 million of private equity funds aimed at lower-mid market buyout and development capital transactions.