TRAVERSE CITY — Cloud Access.net LLC, an online hosting and web support company, has been acquired by New York City private equity firm Cloud Equity Group LLC.
The Traverse City-based firm — also with offices in Poland and India, according to its website — works largely with small-to-medium sized businesses, as well as with clients such as Barnes & Noble and the Boston Children’s Hospital, according to a statement.
“The CloudAccess.net team is thrilled with the acquisition which is viewed as a perfect organizational fit by everyone from senior management down”, said CloudAccess.net’s CEO Jonathan Gafill in a statement. “We now have a clear path towards maximizing growth potential and we look forward to becoming a resounding success in Cloud Equity Group’s expanding portfolio.”
Gafill will remain as Cloud Access.net’s CEO.
Terms of the deal were not disclosed.