Colt Buys ThinkGrid for Cloud Smarts

Colt expands its cloud-based services portfolio for Small and Medium Enterprises and strengthens its channel capabilities

August 13, 2012

1 Min Read

LONDON -- Colt Technology Services today announced that it has acquired ThinkGrid, a channel-focused cloud platform provider. ThinkGrid enables channel partners to become successful cloud providers in their own right by offering them a comprehensive portfolio of cloud-based services with a turn-key management platform and the commercial and technical training required to grow their cloud business. The acquisition increases Colt’s strength in cloud-based services for the indirect channel and adds approximately 200 resellers and ISV’s to its partner community in the UK.

François Eloy, Executive Vice President at Colt, explains the value ThinkGrid brings to Colt’s business; “The SME market for managed services is set to grow at 15% annually during the coming years. Colt is well positioned to penetrate this market through our indirect channels. The acquisition of ThinkGrid further strengthens our position with the addition of a complementary range of cloud-based services. We also gain a reseller-oriented management platform and portal which will reduce our time to market across our European markets. This acquisition allows us to extend our channel community to include skilled managed services resellers who will help us to accelerate our growth.”

Colt Technology Services Group Ltd

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