AllCloud Raises $7M in Funding; Acquires Figur8 Cloud Solutions

AllCloud, an Israeli cloud solutions provider specializing in cloud enablement, from cloud infrastructure to CRM and ERP cloud applications, raised $7m in funding.

The round, which brought total funding raised to date to more than $15m, was led by existing investors, along with Discount Capital and Hallett Capital.

The company also entered into the North American cloud solutions provider market with the acquisition of San Francisco and Toronto-based Figur8 Cloud Solutions, a Salesforce partner.
The financial terms of the deal were not disclosed.

Established in 2014 by Yosi Frenkel and Lahav Savir through the merger of Blat-Lapidot, a Platinum partner of Salesforce in Israel, and Emind, a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN) and a Google Cloud Partner, AllCloud offers a wide variety of solutions and services to large and mid-market companies spanning the entire digital transformation lifecycle, ranging from cloud architecture and implementation services to application integration and infrastructure management. The firm maintains collaborations with AWS, Google Cloud and Salesforce in order to help customers choose the cloud platform that is best for them. The team of 200 business consulting and cloud services experts support customers across industries from offices in Israel, Munich, Berlin and Bucharest, and now, through the acquisition of Figur8, from offices in San Francisco, New York, Toronto and Vancouver as well.

The company has also appointed Eran Gil, a cloud solutions provider pioneer, as CEO. He brings nearly 20 years’ experience in technology and sales to AllCloud, and a proven ability to build a professional services organization from the ground up.
Prior to joining AllCloud as Executive Board Director in 2015, Gil was co-founder of Cloud Sherpas, a global cloud solutions provider acquired in 2015 by Accenture. Incumbent AllCloud CEO Ronit Rubin will remain with the organization as GM of EMEA, and Jon Hallett, an early investor in, and CEO of, Cloud Sherpas, has joined the AllCloud Board of Directors. Dr. Shai Weil will remain the chairman of AllCloud’s board.

The decision to acquire Figur8 was based on its presence and growth into the North American market. Figur8 co-Founders Ojay Malonzo and Richard Lockson worked at Salesforce for many years before starting a company that now totals 40 certified Salesforce professionals. From technology to financial services, Figur8 has enabled customers in multiple industries to innovate on the Salesforce platform.
Malonzo and Lockson will remain with AllCloud as SVP Sales North America and SVP Delivery North America, respectively.




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