Gryphon Investors (Gryphon), a leading middle-market private investment firm, has entered into a definitive agreement to sell its portfolio company 3Cloud, a dedicated Microsoft Azure services provider, to Cognizant Technology Solutions Corporation (NASDAQ: CTSH). Financial terms for the transaction, which is expected to close in Q1 2026, were not disclosed.
Founded in 2016 and headquartered in Chicago, Illinois, 3Cloud offers solutions that help customers optimise business outcomes within Microsoft Azure. 3Cloud’s offerings are built to optimise the value of Microsoft’s Azure platform with experience in modern data engineering, cloud-native AI application development, advanced analytics, and Azure managed services. 3Cloud is also an Elite Databricks partner.
Gryphon initially invested in 3Cloud in 2020 and has since completed multiple add-on acquisitions, while the company also grew at over 20% per year. In total, 3Cloud’s revenue has increased by over 12x during Gryphon’s five years of partnership. CEO Mike Rocco and President Jim Dietrich, along with other members of 3Cloud’s management team, will continue in key roles in the Azure practice with Cognizant.
Gryphon was represented in this transaction by Lazard and Kirkland & Ellis. Cognizant was represented by Mayer Brown.
