Presidio Acquires Sequoia
Recently, Presidio, a managed service provider, has bought Sequoia Worldwide, a consulting, integration, and devices firm, for an undisclosed amount.
Sequoia specializes in private and hybrid cloud implementations, so it will operate as the Cloud Business Unit under Sequoia Cloud Solutions, a Presidio company. Presidio will use Sequoia’s expertise to expand its cloud computing sector.
Bob Cagnazzi, CEO of Presidio, commented in a statement: “The acquisition of Sequoia continues our leadership in advising, architecting and implementing solutions that enable our customers to derive maximum value from their cloud investments. Sequoia’s cloud expertise enhances Presidio’s capability to advise customers on the optimal way to leverage both private and public cloud resources to develop the optimal hybrid model that will deliver scalable, secure, high performing service delivery models for our clients.”
While Presidio said it will utilize Sequoia’s experience with cloud technologies from companies such as Cisco, Microsoft, and OpenStack, it all stated it will utilize Sequoia’s knowledge of cloud management and brokerage technology to help customers manage public cloud services.
Presidio is not the only one benefiting from this deal; Sequoia will have access to resource through Presidio. The symbiotic relationship between the two companies allows them to establish an innovative cloud solutions practice and catalyze cloud adoption. Steve Hanney, co-founder and managing partner of Sequoia, has said, “We are very excited about the opportunity to be part of Presidio. The addition of Sequoia will help Presidio drive innovation and improve business outcomes of its customers and business partners through innovative cloud services that accelerate time to market and create a competitive advantage.”
Presidio aims to provide an individualized cloud for different business models. It utilizes hybrid cloud services to accelerate the business benefits available through the cloud. Presidio’s partners include VMWare, Cisco, and EMC.
Established in 1972, Sequoia has established an extensive cloud portfolio, making it extremely valuable to a company such as Presidio. According to the company website, it has partnered with the founders of companies that now have an aggregate, public market value of over $1.4 trillion since 1972.