Cloud Sherpas’ founder John Orrock, CEO of Philippine-based venture capital (VC) firm Future Now Ventures, said in an interview with DEALSTREETASIA that the acquisition by Accenture validates their VC firm’s achievements and future market potential.
The size of the deal was not disclosed. Goldman Sachs & Co is acting as a financial adviser to Accenture for the acquisition’s completion.
“We are very proud of our achievements, from a Philippine startup to a global leader in our category. We started Cloud Sherpas in the Philippines in 2007, then rapidly ramped up in North America and Australia,” Orrock said, who also serves as Cloud Sherpas’ senior vice president for Asia-Pacific.
The acquisition of Cloud Sherpas will further expand Accenture’s ability to create differentiated cloud services across leading and emerging application platforms.
More than 1,100 professionals from Cloud Sherpas are expected to join the newly created Accenture Cloud First Applications team, which delivers cloud services for Google, NetSuite, Salesforce, ServiceNow, Workday and other “pure play” technologies.
Accenture’s chief technology officer Paul Daugherty said the acquisition of Cloud Sherpas will further strengthen Accenture’s position as the leading enterprise cloud services provider.
“We’ve reached a tipping point in cloud as our clients rapidly adopt cloud solutions,” Daugherty said. “I look forward to welcoming the talented professionals of Cloud Sherpas to Accenture.”
Cloud Sherpas is a salesforce.com Global Strategic Cloud Alliance Partner and a four-time Google Enterprise Partner of the Year for Google Apps and the first ServiceNow Preferred partner.
It is presently headquartered in Atlanta, Georgia with offices throughout the United States and operations in Australia, India, Japan, New Zealand, Philippines, Singapore, United Arab Emirates and the United Kingdom.