Wilson Partners Corporate Finance, based in Maidenhead, has advised BGF portfolio company, Helecloud, on its acquisition of cloud software engineering specialist DataStork.
The acquisition, backed by follow-on investment from BGF, brings cloud-native software engineering and AI/ML capabilities to HeleCloud, as well as a customer base of global players and market disruptors. The business combination fuels HeleCloud’s ambition to be the leading public cloud enabler for European businesses and to empower the cloud revolution by providing the skills, know-how, tools, and operational capabilities for enterprises and mid-market organisations on the AWS platform.
DataStork, which will continue to operate under that name, is now a wholly-owned subsidiary of HeleCloud. The companies have largely coherent portfolios that they will continue to develop and integrate over time. DataStork, with its core VMware R&D legacy and AWS know-how, will accelerate the public cloud journey of HeleCloud customers through cloud-native software re-architecting and AI-driven hybrid cloud solutions for the leading AWS/VMware stack.
Dan James, director at Wilson Partners, said: “DataStork has delivered strong growth since incorporation through impressive customer wins and looks well positioned to continue on this trajectory, whilst also offering Helecloud a compelling opportunity to expand its service offering.”
Guy Pope, investor at BGF, added: “BGF are excited to further back the management team at Helecloud, continuing their expansion in Europe following the acquisition of Olindata in 2019. DataStork adds cloud native capabilities to Helecloud’s offering and a list of global customers. We have worked with Dan and his team on Financial Due Diligence for various investments and they always provide high quality, efficient and detailed analysis.”