Houlihan Lokey Advises dinCloud
Houlihan Lokey is pleased to announce that dinCloud, Inc., has been acquired by Axispoint Technology Solutions Group, Inc. (ATSG), a leading tech-enabled managed services and solutions company. dinCloud, Inc., is a leading cloud services and virtualized workspace subscription provider with a global hybrid and multicloud footprint.
Founded in 2011, dinCloud operates a world-class, turnkey cloud services technology platform with premier desktop and server virtualization offerings. Its cloud-based management and automation capabilities contain a purpose-built virtual desktop orchestration layer built on top of Citrix, Nutanix, VMWare, and Microsoft. dinCloud is trusted by customers across verticals such as healthcare, hospitality, financial services, education, and retail as the platform of choice to move enterprise desktops and IT infrastructure to the cloud.
Acquiring dinCloud’s complementary portfolio of products bolsters ATSG’s global cloud business with a focused set of virtual hosted desktops and infrastructure-as-a-service offerings, as well as the expansion of its global delivery footprint. dinCloud has become a rapidly growing leader in the cloud infrastructure, hosted workspaces, desktop-as-a-service, and cloud security arena and further expands the long-standing ATSG partner ecosystem relationships with Microsoft, Cisco, and Citrix. dinCloud has a multichannel go-to-market approach. Its channel partners include other service providers and solutions aggregators.
With the dinCloud acquisition, ATSG continues to grow its customer relationships and overall offering portfolio with a specific emphasis on the rapidly growing, secure virtualized desktop and application hosting markets, as well as cloud infrastructure services. dinCloud’s managed technology solutions provide users with secure, simple access to the desktops, applications, data, and IT services they need to work from anywhere, at any time.
Houlihan Lokey served as the exclusive financial advisor to dinCloud and assisted in marketing, structuring, and negotiating the transaction on behalf of the company. This deal further demonstrates Houlihan Lokey’s leading position in advising premier cloud services and software providers.
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