Progress announced the Q4 2024 release of its award-winning Progress® Telerik® and Progress® Kendo UI® component libraries.
3Cloud announced that it has acquired Polaris Solutions.
"Our commitment to delivering the ultimate Azure experience for our clients continues with our acquisition of Polaris Solutions," said Mike Rocco, 3Cloud CEO and Co-Founder. "Polaris has built an exceptionally talented team with a passion for creating software that helps clients achieve business results. Combining our team of Azure experts with theirs enhances our capabilities and enables us to continue scaling to meet demand for Azure services."
Polaris' team of skilled Azure developers will join 3Cloud's Application Modernization & Development and DevOps practices, bringing expertise in application lifecycle management and agile development.
"At Polaris, we focus on modern solutions that bring big business outcomes to our customers," said Chris Kadel, Polaris Solutions Founder and CEO. "Solving problems through software innovation brings our customers and our team members great joy. 3Cloud shares this value..."
Both firms have strong partnerships with Microsoft and industry-leading Microsoft credentials. 3Cloud and Polaris are both Microsoft gold partners and have longstanding and complementary relationships with Microsoft sales and engineering.
"Client demand for Azure services across the breadth of our solution areas has grown tremendously over the past year as companies have accelerated their cloud adoption in response to unprecedented marketplace changes," said Jim Dietrich, 3Cloud President and Co-Founder. "With the help of our financial partner Gryphon Investors, we will continue to pursue opportunities to scale to meet client demand and further strengthen our status as the largest Azure-focused services provider in the U.S."
Kirkland & Ellis served as legal advisor to 3Cloud and Gryphon Investors. Gryphon Investors completed a majority investment in 3Cloud in June 2020.
Polaris was advised in the transaction by Innovation Advisors, a technology focused investment bank.
Industry News
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Red Hat announced the availability of Red Hat JBoss Enterprise Application Platform (JBoss EAP) 8 on Microsoft Azure.
Launchable by CloudBees is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Kong closed a $175 million in up-round Series E financing, with a mix of primary and secondary transactions at a $2 billion valuation.
Tricentis announced that GTCR, a private equity firm, has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and further fueling Tricentis for future growth and innovation.
Check Point® Software Technologies Ltd. announced the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform.
Sonatype and OpenText are partnering to offer a single integrated solution that combines open-source and custom code security, making finding and fixing vulnerabilities faster than ever.
Red Hat announced an extended collaboration with Microsoft to streamline and scale artificial intelligence (AI) and generative AI (gen AI) deployments in the cloud.
Endor Labs announced that Microsoft has natively integrated its advanced SCA capabilities within Microsoft Defender for Cloud, a Cloud-Native Application Protection Platform (CNAPP).
Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
Red Hat announced the general availability of Red Hat Enterprise Linux 9.5, the latest version of the enterprise Linux platform.
Securiti announced a new solution - Security for AI Copilots in SaaS apps.
Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.