BOSTON, June 21, 2011 /PRNewswire/ -- Cloud Technology Partners™ Inc. (cloudTP™), the leader in providing cloud solutions that empower business transformation, today announced that it appointed State Street CIO Christopher (Chris) Perretta to its board of directors. Mr. Perretta joins John Littlechild, Managing Director, Healthcare Ventures and the four cloudTP founding executives on the board. In addition, State Street has made a minority equity investment in the company. The additional funding will be utilized by cloudTP for working capital, intellectual property creation and to support continued rapid growth.
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"I am delighted to join cloudTP's board and to participate in the growth of the company as cloud computing continues to change the way businesses approach information technology," said Chris Perretta, Executive Vice President and Chief Information Officer (CIO) for State Street. "State Street is committed to investing in new technologies, like cloud computing, to meet the changing needs of our clients."
"The addition of Chris to our board of directors underscores our commitment to advancing our business strategy and technology direction and his significant background will be an invaluable resource," said Chris Greendale, Founder and CEO, Cloud Technology Partners (cloudTP). "State Street has a well-deserved reputation for early identification and investment in industry stand-outs and we are pleased that they have chosen to make an investment in cloudTP."
About Cloud Technology Partners (cloudTP):
Based in Boston, MA, Cloud Technology Partners™ (cloudTP™) is the leader in providing cloud solutions that empower business transformation. From strategic transformational consulting to application implementation, cloudTP™ provides enterprises with solutions to plan and execute migration of business processes, applications and customer data to private, public or hybrid clouds. By doing this, companies are able to reduce costs, increase efficiencies, accelerate business growth and increase their competitive advantage. For further information, please visit: www.cloudtp.com, email: [email protected], or call: (617) 674-0874.
PR Contact:
Nicole Gorman
Corporate Communications
Cloud Technology Partners (cloudTP)
T: 508-397-0131
[email protected]
SOURCE Cloud Technology Partners Inc.
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