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BV Investment Partners and TriCore Solutions invest in REAN Cloud

Private equity firm BV Investment Partners (BV) and TriCore Solutions, a portfolio company of BV Fund VIII, are making a joint investment in REAN Cloud, an Amazon Web Services (AWS) Premier Consulting Partner.

The existing owners of REAN will maintain a majority ownership interest in partnership with BV and TriCore.

Founded in 2013 and based in Herndon, VA, REAN Cloud helps customers architect, build, migrate, and manage their IT workloads and applications on AWS. REAN is led by AWS and industry veterans with deep cloud services expertise supporting customers in predominantly highly regulated end markets, including Life Sciences, Higher Education, Financial Services and Government. In addition to its AWS Premier Consulting Partner status, REAN is a designated AWS Managed Services Partner, whereby it enables 24/7/365 best-practice large-scale cloud operations for customers. The Company has also achieved the AWS DevOps competency, assisting customers in implementing continuous integration, continuous deployment (CICD) pipeline automation, built leveraging the industry's best tools. REAN has grown rapidly since its inception and currently has over 120 employees worldwide.

The investment in REAN will help to facilitate the Company's continued growth, including geographic expansion and investment in internal resources, sales and marketing. TriCore is an application managed services provider specialized in enterprise resource planning (Oracle, SAP and PeopleSoft), database management, business analytics and business intelligence. Alongside the joint investment, REAN and TriCore have established a formal affiliate partnership to seek to accelerate cloud adoption of sophisticated, mission-critical enterprise applications and to provide customers with ongoing technical and functional support for these applications in the cloud.

Matt Kinsey, a Partner at BV, says: "We are thrilled to be partnering with the REAN founders and team to accelerate the growth of their business in collaboration with our partners at TriCore. REAN stands out to us as a valued AWS partner and part of a fast-growing market that we have been following for some time. REAN has established an efficient and scalable global delivery model and handles many large and complex cloud enablement projects. The business has a very promising future, and we and our partners at TriCore are excited to have the opportunity to positively contribute to it."

Mark Clayman, CEO of TriCore, adds: "Both REAN and TriCore approach the market with a similar operating philosophy, first and foremost focused on delivering superior customer support for mission-critical IT workloads throughout the full lifecycle, from on-boarding to operations and continuous improvements. We believe there are many opportunities for REAN and TriCore to collaborate and present a compelling and unique cloud services solution to the marketplace."

"We are fortunate to find a very compatible financial and strategic partner in BV and TriCore," says Sekhar Puli, Managing Partner of REAN. "Both bring resources and expertise to bear within the broader technology and IT services industry that will prove invaluable in helping us achieve our growth objectives.  We are looking forward to a very productive and rewarding partnership."

"This partnership will help us scale our engineering team and enhance and strengthen our IP to enable enterprise cloud acceleration," said Sri Vasireddy, Managing Partner of REAN.

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