Green Cloud Technologies Reaches Definitive Agreement to Acquire Cascade Defense

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Acquisition Strengthens Green Cloud’s Cybersecurity Solutions

GREENVILLE, S.C. – February 10, 2021 — /BackupReview.info/ — Green Cloud Technologies (“Green Cloud”), a cloud technology solutions provider, has reached a definitive agreement to purchase Cascade Defense, a full-service managed security service provider (MSSP) in Spokane, Washington. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions, and it will strengthen and expand Green Cloud’s security product portfolio.

As one of the largest independent channel-only cloud IaaS (Infrastructure-as-a-Service) providers in the country that sells cloud infrastructure to Managed Service Providers (MSPs) and Value-Added Resellers (VARs), Green Cloud is committed to providing over 650 partners with advanced cybersecurity solutions. With Cascade’s technology and expertise, Green Cloud is obtaining a Fortinet MSSP Expert partner and a full-service Security Operations Center (SOC). In conjunction with the acquisition, Green Cloud will be rolling out fully managed Security Information and Event Management (SIEM) software and a SOC as-a-service (SOCaaS) to their MSP partner ecosystem.

“Cascade Defense will accelerate our vision to better detect and respond to cyber threats and significantly strengthen our security capabilities,” said Keith Coker, CEO and co-founder of Green Cloud. “Cascade is the perfect fit for Green Cloud as we both share a passion and commitment to innovation and best-in-class technology and resources to compete in the rapidly growing security space.”

“Green Cloud has committed to expanding our product offering by investing in our people and processes,” added Steve Sims, co-founder of Cascade Defense and newly appointed VP of Security and Chief Information Security Officer (CISO) at Green Cloud. “This is an exciting time for our customers and the Cascade Defense team.”

Q Advisors, a leading Technology, Media, and Telecommunications (TMT) investment banking boutique, acted as financial advisor to Green Cloud for this transaction.

Headquartered in Greenville, S.C., Green Cloud was founded in 2011, and today, the company has 70 employees and operates six world-class data centers in Atlanta, GA, Greenville, SC, Houston, TX, Minneapolis, MN, Nashville, TN and Phoenix, AZ. The acquisition of Cascade Defense will give the company an additional office in Spokane, Washington.

About Green Cloud Technologies
Green Cloud Technologies “Green Cloud” delivers customized cloud solutions through Managed Service Providers (MSPs) and Value-Added Resellers (VARs). Founded in 2011, Green Cloud is one of the largest independent channel-only cloud IaaS (Infrastructure-as-a-Service) providers in the country with data centers in Atlanta, GA, Greenville, SC, Houston, TX, Minneapolis, MN, Nashville, TN and Phoenix, AZ. Green Cloud also offers backup and disaster recovery solutions, DaaS (Desktop-as-a-Service) and fully managed security services with a multi-layered approach. In addition to several national awards and accolades, Green Cloud was included in Inc. 500, the most prestigious ranking of the fastest-growing private companies, consecutively for five years. Learn more at www.gogreencloud.com, and follow the company on Twitter, Facebook and LinkedIn at @GreenCloudTech.

About Cascade Defense
With over 25 years of information security experience including background experience with securing military networks and other diverse industries, Cascade Defense is a full-service managed security service provider. We help our clients strengthen their security posture by providing technical solutions that defend, maintain, and respond to today’s threats. Pairing technical solutions with cyber risk management and prioritization tools ensure a proactive and predictive approach which helps to build a lifecycle and culture of security. For more information, visit: www.cascadedefense.com

Media Contact:
Robin Blackwood
864-905-2444
rblackwood@gogreencloud.com

Source: Green Cloud Technologies, Inc.

Tags: Cascade Defense, Green Cloud, Green Cloud Technologies