Chronic staffing shortages, the need for immutable back-ups, reliance on reactive security technologies – these are big cybersecurity challenges. One expert sees a path forward.
CloudWave Acquired by Abry Partners
Abry Partners’ Investment in Cloud Services Provider Positions Company for Expansion and Growth in the Healthcare Market Marlborough, MA, February 01, 2021 (PR.com) CloudWave, a cloud and managed services provider for healthcare, announced today that Abry Partners II, LLC (“Abry Partners” or “Abry”), a Boston-based private equity firm, has made a majority investment in Park Place International LLC, DBA CloudWave ( CloudWave or the Company ).”
Abry has deep knowledge of the IT services sector and a successful history of investing in innovative companies that drive long-term value. Abry’s investment in CloudWave will support the continued growth of the Company and its rapidly expanding cloud services offering. CloudWave’s executive team, led by President & CEO Erik Littlejohn and Chief Strategy Officer Jim Fitzgerald, will continue to run and operate the Company.