Reliam, a company that manages public cloud deployments, has raised $17 million and secured a $75 million commitment for its organic growth and future acquisitions, both from Boston-based private equity firm Great Hill Partners.
“Reliam’s expert managed services are the perfect fit for enterprises and mid-sized companies seeking to confidently migrate applications to the cloud,” said Christopher Gaffney, Managing Partner, Great Hill Partners.
Simon Anderson will join Reliam as its new CEO. Mr. Anderson was the Entrepreneur in Residence with Great Hill Partners and formerly the CEO of DreamHost. “We are excited that Simon Anderson is joining the company as CEO to lead Reliam in supporting customers who want to take full advantage of the flexibility, cost effectiveness, and scalability offered by public clouds like AWS.”
With Mr. Anderson, two more executives will join the board of directors of Reliam from Great Hill Partner, Drew Loucks and Mr. Gaffney himself.
“It’s exciting that my collaboration with Great Hill Partners as Entrepreneur-in-Residence has come to fruition with the significant investment into Reliam,” said Simon Anderson to Market Wired. “Under founder Nate Johnson, Reliam has created a world-class managed services offering and a loyal customer base.”