M&A Deal Summary

nClouds Acquires Foghorn

On April 9, 2024, nClouds acquired internet software and services company Foghorn from Evoque Data Center Solutions

Acquisition Highlights
  • This is nClouds’ 2nd transaction in the Internet Software and Services sector.
  • This is nClouds’ 2nd transaction in the United States.
  • This is nClouds’ 1st transaction in California.

M&A Deal Summary

Date 2024-04-09
Target Foghorn
Sector Internet Software and Services
Buyer(s) nClouds
Sellers(s) Evoque Data Center Solutions
Deal Type Divestiture

Target

Foghorn

San Francisco, California, United States
Foghorn provides cloud consulting for clients utilizing their deep DevOps, CI/CD, Container, SRE, and Infrastructure as Code expertise. The company's cloud and DevOps Engineers design, build, and deploy digital transformations that accelerate innovation on the world’s leading cloud platforms for innovative startups to the Fortune 500. Foghorn was formed in 2008 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

nClouds

Salt Lake City, Utah, United States

Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

nClouds is a technology-enabled provider of cloud and DevOps services. The company partners with customers to build and manage modern infrastructure solutions on the cloud that enable organizations to deliver innovation faster. nClouds provides services in the areas of modern cloud operations, DevOps, cloud migration, site reliability engineering (SRE), data & analytics, 24/7 support, and staff augmentation. nClouds was founded in 2012 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 Cloudnexa

Newtown Square, Pennsylvania, United States

Cloudnexa is an amazon web services (AWS) premier consulting partner and certified AWS managed services provider. Cloudnexa is based in Newtown Square, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Evoque Data Center Solutions

Irving, Texas, United States

Category Company
Founded 2019
Sector Information Technology
DESCRIPTION

Evoque Data Center Solutions offers enterprises a full range of services, ranging from local, regional, and global connectivity to secure space in highly available and redundant environments across four continents. The company supports a diversified base of Fortune 1000 customers across multiple segments, including utilities, transport, energy, communications, healthcare, and technologies. Evoque Data Center Solutions was formed in 2019 and is based in Irving, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Cyxtera

Coral Gables, Florida, United States

Cyxtera engages in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera was founded in 2017 and is based in Coral Gables, Florida.

Buy $775M