Investcorp to invest $20 million in cloud solutions provider Calligo
Founded in 2012, with the aim of leveraging jurisdictions across the globe that offer a robust data protection framework, Calligo provides a trusted cloud platform for hosting mid-tier enterprises, their data and applications.
The company’s proprietary cloud platform offers the highest levels of data privacy along with application performance guarantees, commercial flexibility and a personalised support service.
Calligo services hundreds of clients all over the world from its locations in Jersey, Guernsey, Switzerland, Singapore and Bermuda.
The investment by Investcorp is expected to accelerate Calligo’s international expansion with new office locations in North America and the UK.
Calligo is well positioned in the fast growing public cloud Infrastructure as a Service (IaaS) market which grew 51% in 2015 and is expected to more than triple in size by 2020.
Mid-size enterprises represent the fastest growing, most underserved business segment with a cloud adoption rate of only 5%. In the first nine months of 2016, Calligo grew its revenues by approximately 100% year-on-year. ■