Claranet has acquired Brazilian cloud services provider CredibiliT Tecnologia Ltda, in a move that has expanded the company’s size and reach, opening it up to a new region with high growth potential.
CredibiliT was founded in 2009 and quickly implemented a full public cloud adoption strategy, becoming a respected cloud player in Brazil, where it is one of only two providers with AWS Premier Consulting Partner status. It has also more recently created an Azure practice and quickly reached Silver Cloud Platform competency.
Headquartered in São Paulo, Brazil, CredibiliT has an annual turnover of R$30 million (circa £7.5 million), employs 40 staff and serves 100 clients from a wide range of sectors, including Pepsico, Webmotors, Smiles, Editora Abril and TV Globo.
With an ambitious growth strategy, the Claranet Group has grown steadily in Europe, both organically and by acquisition. The Group has annual revenues of over £215 million, employs more than 1,250 staff and works with over 5,800 customers across the UK, France, Germany, Spain, Portugal, The Netherlands and Brazil.
Commenting on the acquisition Charles Nasser, founder and CEO of the Claranet Group, said:
“This acquisition offers us the opportunity to become the leading cloud services provider in Brazil which is an exciting high growth market. Despite operating platforms for our clients globally for many years, this is our first acquisition outside of Europe. The combination of CredibiliT and Claranet, which already had the highest levels of competence in both AWS and Azure, will create a stronger competitor in the Brazilian market and establish new avenues for growth.”
Daniel Galante (CEO) and André Guerra (CFO), both founders of CredibiliT, will stay in the enlarged business as key senior executives of Claranet in Brazil. Claranet plans to reinforce its Brazilian operation by providing benefits of scale and a larger portfolio, accelerating growth in the region.
Daniel Galante commented:
“We are delighted to join forces with Claranet. Being part of a larger group with a similar focus will allow us to be stronger, will reinforce our credibility and give us access to benefits of scale as well as more customers, opportunities and investment capacity. Having celebrated its 20th anniversary recently, Claranet is one of the most established Internet and cloud era services provider in the industry. Importantly, it has kept its agility which puts it in a strong position to adapt in a market that is growing consistently and under constant change.”