Ancoris accelerates growth with investment from Beech Tree

By: David McLeman
Tag(s): News and views
Published: Aug 03, 2021
Ancoris accelerates growth with investment from Beech Tree

We are delighted to announce that we have secured a significant investment from Beech Tree Private Equity (BTPE), a growth investor in tech and tech-enabled businesses. The partnership will provide funds and expertise to accelerate the company’s growth and respond to growing customer demand for our skills and capabilities.

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“To succeed in an increasingly fast moving market, companies must modernise the technology that underpins their business, and use data to improve their decision making process”, said Paul Franks, Managing Partner of BTPE. “Google Cloud is leading the way in data and modern infrastructure. Ancoris expertise, strong management team and depth of talent builds a winning combination which provides customers with tremendous business value,” he added. “We were especially impressed with their 83% NPS score during our customer research, which further validated Ancoris as the right partner for us and our investors. The strong relationships they have with their customers is a testament to how Ancoris provides solutions and outcomes that really add value and change the way businesses operate,” said Franks.

We will continue to use our extensive expertise in Google Cloud technologies to deliver our magic through Data and AI, as well as modernisation of applications, infrastructure and workspaces. During our 10+ years as a pure-play Google Cloud partner, we have developed valuable IP, which helps our customers accelerate their cloud adoption journey, and in turn realise value faster. Most recently, we started packaging some of our solutions in the form of “Labs”, which are aimed at specific challenges of C-level executives.

We are extremely pleased to have found the right partner in BTPE.  They have significant knowledge of our sector and scaling businesses like Ancoris. We have experienced strong growth in the last few years and this investment will allow us to innovate and respond to customer demands even quicker. From the beginning, we felt a strong cultural alignment and, being a people business, that’s incredibly important to us.

The investment will further Ancoris capabilities in data and AI, infrastructure and application modernisation, as well as fund a next generation cloud managed services capability. We will scale our operations to support long term growth, with special emphasis on our people and technical excellence. We will also look to deepen our relationship with Google to bring more value to our joint customers.

“At Ancoris, we believe that innovation is only important when it delivers value, and quickly. We encourage our customers to think big, but to start now.” said Andre Azevedo, COO at Ancoris. “We want to be the most innovative Google Cloud partner, and to do so, we need to build on our incredible team with even more great talent. And that’s what we will accelerate through this partnership with BTPE,” concludes Azevedo.

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