Published in Breaking News

Traverse City tech firm Cloud Access.net acquired by NYC private equity group

BY MiBiz Staff Friday, May 13, 2016 01:20pm

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.

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