Last month, the Boston-based cloud service management company CloudHealth Technologies completed its series D funding round and raised $46 million. This month the firm has announced that money will, in part, be used to expand its presence in Europe and cater to the growing number of companies in the region that are taking advantage of the opportunities offered by the cloud.
Enterprises in the EMEA region are increasingly choosing cloud environments to build their apps and manage operations and the market is growing at a tremendous rate. Market Research & Statistics predicts cloud spending will reach €44.8 billion by 2020.
While the cloud is allowing enterprises to accelerate innovation and enjoy major improvements to productivity, cloud costs are spiraling, and enterprises are struggling to manage their highly complex hybrid cloud environments.
There is a clear need for cloud management solutions that help enterprises avoid cloud chaos and eliminate unnecessary spending. CloudHealth Technologies plans to take advantage and boost its presence in the region. Its platform allows customers to cut cloud costs, improve performance, manage risk, migrate workloads, and set policies.
CloudHealth Technologies already has a presence in the UK and EMEA region and has grown its customer base considerably over the past 12 months. Direct customers in the EMEA region have increased by 72% in the past year, while its European partners have increased by 500% over the same period. This impressive growth has seen the company open new offices in Tel Aviv, and Amsterdam, and its central London office has recently been expanded. The top three service providers in Israel are already CloudHealth partners and the expansion of its London office will see its local workforce double by the end of the year.
“Enterprises in the UK and across EMEA are using CloudHealth for visibility into their cloud resources. This allows them to cut costs, improve performance, manage risks, migrate workloads and set policies,” said Larry Begley, CFO of CloudHealth Technologies. “Over the next few years, our local presence will continue to grow in order to support our global customers and partners.”
CloudHealth’s European customers now include Telefonica, Elastera, the Financial Times, Transport for London, Funding Circle, and EE. Tyrone Forbes, EE’s Senior Capacity and Performance Manager, said “When we looked for a way to optimize our AWS environment, CloudHealth was the obvious choice. It helps us control cost and usage, as well as manage thousands of EC2 instances.”