Acquisition Strengthens Green Cloud’s Cybersecurity Solutions
GREENVILLE, S.C. (February 10, 2021) – Green Cloud Technologies (“Green Cloud”), a cloud technology solutions provider, has reached a definitive agreement to purchase Cascade Defense, a full-service managed security service provider (MSSP) in Spokane, Washington. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions, and it will strengthen and expand Green Cloud’s security product portfolio.
As one of the largest independent channel-only cloud IaaS (Infrastructure-as-a-Service) providers in the country that sells cloud infrastructure to Managed Service Providers (MSPs) and Value-Added Resellers (VARs), Green Cloud is committed to providing over 650 partners with advanced cybersecurity solutions. With Cascade’s technology and expertise, Green Cloud is obtaining a Fortinet MSSP Expert partner and a full-service Security Operations Center (SOC). In conjunction with the acquisition, Green Cloud will be rolling out fully managed Security Information and Event Management (SIEM) software and a SOC as-a-service (SOCaaS) to their MSP partner ecosystem.
“Cascade Defense will accelerate our vision to better detect and respond to cyber threats and significantly strengthen our security capabilities,” said Keith Coker, CEO and cofounder of Green Cloud. “Cascade is the perfect fit for Green Cloud as we both share a passion and commitment to innovation and best-in-class technology and resources to compete in the rapidly growing security space.”
“Green Cloud has committed to expanding our product offering by investing in our people and processes,” added Steve Sims, co-founder of Cascade Defense and newly appointed VP of Security and Chief Information Security Officer (CISO) at Green Cloud. “This is an exciting time for our customers and the Cascade Defense team.”
Q Advisors, a leading Technology, Media, and Telecommunications (TMT) investment banking boutique, acted as financial advisor to Green Cloud for this transaction. Headquartered in Greenville, S.C., Green Cloud was founded in 2011, and today, the company has 70 employees and operates six world-class data centers in Atlanta, GA, Greenville, SC, Houston, TX, Minneapolis, MN, Nashville, TN and Phoenix, AZ. The acquisition of Cascade Defense will give the company an additional office in Spokane, Washington.