Cloud Technology Partners (cloudTP) Concludes First Year of Business on Significant High Note

Cloud Computing Services Provider Builds Fortune 100 Customer Base, Significantly Increases Employees, Announces Strategic Partnership

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Cloud Technology Partners Inc.

Jan 17, 2012, 10:24 ET

BOSTON, Jan. 17, 2012 /PRNewswire/ -- Cloud Technology Partners™ Inc. (cloudTP™), the leader in transformational cloud computing solutions, today announced that it has closed out 2011 having achieved a number of significant milestones, including the signing of a number of new client engagements, delivering beyond expectations, and building an amazing team of results oriented professionals.

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"The official launch of cloudTP in January 2011 heralded a new era in cloud computing. Finally, IT and business organizations had someplace to turn for highly experienced, vendor neutral, end-to-end cloud computing solutions," said Chris Greendale, Founder and CEO, Cloud Technology Partners (cloudTP). "During the past year, we have been fortunate to work with large early adopter clients across multiple industries, and have developed intellectual property which helps our clients accelerate cloud benefits. Also, an area in which we have particularly excelled is in attracting and retaining world-class employees – truly any company's greatest asset."

Greendale continued, "We look forward to continuing on this exciting trajectory as more and more companies turn to cloudTP for its industry unique ability to look across the entire company – the complete application portfolio, assess potential, identify and eliminate road-blocks, prioritize and finally drive the construction of private, public, hybrid and/or community clouds in order to reshape not only the IT department, but how the entire business will operate and benefit as it moves forward."

Key 2011 cloudTP accomplishments included:

Client Base Growth: Just a year ago, cloudTP initiated its first two engagements with a large financial services company, along with a well-known, highly respected international telecom provider. Since then, cloudTP has initiated more than a dozen additional engagements across a variety of industries, including:
- Migration of applications from legacy data centers to a private cloud for a leading international telecom provider.
- Design and development of a private cloud for consumer access for the world's largest electronics company.
- Developed a cloud strategy and implementation plan for one of the world's largest insurance companies, as well as completed a similar series of engagements for a leading global publisher.
- Created an application strategy, architecture and design for a private cloud solution for a Midwest State's Office of the CIO.
- Defined a cloud strategy, roadmap and an on-boarding framework for SaaS applications for a global commercial bank.
- Completed an application and infrastructure assessment for a large medical products enterprise.

Strategic Partnership Development: cloudTP joined the Rackspace® Cloud: Private Edition ecosystem, an initiative that brings together the world's leading cloud hardware, software and services providers in order to create end-to-end private cloud solutions, based on the OpenStack™ open source cloud platform and a published reference architecture, with managed services from Rackspace. In addition, cloudTP joined with Cloudscaling, a leader in Infrastructure-as-a-Service cloud building. With Cloudscaling, cloudTP delivered private cloud solutions for two large service providers.

"Cloud Technology Partners has demonstrated a strong ability to provide the solutions enterprises must have in order to plan and execute migration of business processes, applications and customer data to private, public or hybrid clouds," said Jim Curry, General Manager of Rackspace Cloud Builders. "We are proud to have selected them as a deployment partner within the Rackspace Cloud: Private Edition ecosystem, and look forward to a long-lasting and mutually beneficial relationship."

Corporate Success:
- Full-time Employee Base Growth: cloudTP more than tripled its employee base over the course of the year. The expertise added to the team includes: includes software architects, project leaders, systems integration and other technical specialists. Nearly half are former Cambridge Technology Partners (CTP) employees, who are known and respected across the industry, as well as personally by the cloudTP founders. This is an amazing team of seasoned IT consultants, averaging 20+ years of experience. Continued hiring is planned for the coming year to support exponentially increasing customer demand.
- Development of Intellectual Property: During the year the company developed a software tool that enables accurate estimation of the effort required to refactor legacy software applications to the cloud. Presently in use in Beta form, it is planned to be generally available in a few months.
- Earned Recognition by Leading Analysts and the Media: cloudTP has been singled-out by the industry's leading analysts and featured by the most well known and respected publications, including being named to Network World's "7 Hot Cloud Companies to Watch."
- Expanded Boston Footprint: cloudTP moved into a new corporate headquarters at 308 Congress Street in Boston's Innovation District, with plans to more than double its current space in the near future.

About Cloud Technology Partners (cloudTP)
Based in Boston, MA, Cloud Technology Partners™ (cloudTP™) is the leader in transforming businesses with cloud solutions. 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, enhance agility, drive innovation and increase competitive advantage. For further information, please visit: www.cloudtp.com, email: [email protected], or call: (617) 674-0874.

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