Gryphon Investors has completed the sale of its portfolio company 3Cloud, a Microsoft Azure services provider, to Cognizant Technology Solutions, strengthening Cognizant's capabilities in the cloud computing market.

Target Information

3Cloud, founded in 2016 and headquartered in Chicago, Illinois, is a prominent provider of Microsoft Azure services. The company delivers comprehensive solutions designed to optimize business outcomes for its clients within the Microsoft Azure ecosystem. Notably, 3Cloud is recognized as a global leader in AI enablement solutions specific to Azure, combining its expertise in modern data engineering, cloud-native AI application development, and advanced analytics.

Since Gryphon Investors' initial investment in June 2020, 3Cloud has significantly expanded its scale, growing approximately 12 times. This growth includes multiple successful add-on acquisitions and an impressive organic growth rate exceeding 20% annually. The company also maintains a strong partnership as an Elite Databricks partner, further enhancing its offerings.

Industry Overview

The cloud computing industry in the United States, particularly surrounding Microsoft Azure, has witnessed rapid growth, driven by the increasing demand for scalable IT solutions and digital transformation initiatives across sectors. As more busine