Cass Entrepreneurship Fund LLP (“Cass”) has sold its stake in Cloud Business Limited for an undisclosed sum to an established telecoms provider.
Cloud Business Ltd is an award winning cloud solutions consultancy that has worked with a wide range of companies to transform their digital workplaces. The acquisition provides a full exit for Cass and other shareholders.
Commenting on the realisation, Helen Reynolds, Investment Director at Cass, stated: "It has been a real pleasure to work with Cloud’s CEO, James Butler, and his team. James has built a strong and diverse business and Cass is very pleased to have supported the company from its early stages. We wish them continued success in the years to come."
James Butler commented: “Cloud Business has expanded significantly since it was originally backed by Cass. The guidance and support that Cass has provided over the last five years has helped us grow and develop as a business and achieve our current success.”
Peter Cullum stated: “Entrepreneurship is about skills and leadership, as well as ambition and resilience. It has been great to see James, with the support of the Fund team at Cass, develop his talents as an entrepreneur over the years, and to see both him personally and Cloud as a company achieve this exit.”