Beech Tree Private Equity has invested in pure-play Google Cloud expert Ancoris. Alantra advised Ancoris on the deal.
Ancoris is a cloud-based Google services provider, offering a full suite of services, and tailored solutions based on clients’ project size and complexity. Ancoris has recently expanded its service offering in data and AI, cloud migration and application development, which are all rapidly scaling. Meanwhile, the company recently began packaging some of its solutions in the form of “Labs”, which are aimed at addressing specific challenges of C-level executives. As it looks to drive more growth in this vein, Ancoris has secured a new funding injection.
BTPE has invested in Ancoris, enabling it to further boost its sales and marketing operations, while also responding to heightened customer demand for its skills and capabilities both organically and through the exploration of M&A opportunities to build out specific incremental capabilities.
David McLeman, CEO of Ancoris, noted, “We are extremely pleased to have found the right partner in BTPE, they have significant knowledge of our sector and scaling businesses like Ancoris. We have experienced strong growth in the last few years and this investment will allow us to respond to customer demands even quicker. From the beginning, we felt a strong cultural alignment and, being a people business, that’s incredibly important to us.”
