Great Hill Partners Announces $17 Million Investment in MSP Reliam

▤ Summary

The private equity firm said it’s also prepared to spend up to $75 million more to fund acquisitions and organic growth for the MSP. Announcement of the capital outlay came during this week’s AWS re:Invent conference in Las Vegas, and also included the naming of Simon Anderson as the MSP’s new chief executive officer. “We are excited that Simon Anderson is joining the company as CEO to lead Reliam in supporting customers who want to take full advantage of the flexibility, cost effectiveness, and scalability offered by public clouds like AWS.” The 16-year-old MSP specializes in consulting and management of public cloud architecture, implementations and migrations. Great Hill Partners’ maintains a fund with $5 billion in commitments and has a portfolio with multiple interests in the MSP space, including Evolve IP. “With this funding, we can build out even more capabilities for cloud managed services to support the explosive adoption of public cloud for all sorts of applications – including serverless computing, machine learning, artificial intelligence and IoT architectures.” New CEO Anderson, who had been an “entrepreneur in residence” with Great Hill Partners, said it was exciting that his collaboration with the private equity firm had “come to fruition.” “Under founder Nate Johnson, Reliam has created a world-class managed services offering and a loyal (and rapidly growing) customer base,” he said in a statement.

▦ Linked Companies

Reliam, Inc.

$1M to $5M