Hitachi Vantara, a wholly owned subsidiary of Hitachi, has announced its intent to acquire REAN Cloud, a global cloud systems integrator, managed services provider and solutions developer of cloud-native applications across big data, machine learning and emerging Internet of Things (IoT) spaces.
This acquisition is said to reinforce Hitachi Vantara’s ability to accelerate secure enterprise cloud adoption across multi-cloud environments and strengthen its ability to manage and operate traditional applications as well as emerging workloads in artificial intelligence and machine learning.
“Our global customers across the Hitachi ecosystem are driving their own digital transformations to create competitive advantages in the marketplace. Modernised infrastructure running both on and off premises and intelligent data governance and analytics are the foundational pillars of digital transformations. REAN Cloud powerfully extends Hitachi’s existing portfolio for customers and partners in these areas,” said Brian Householder, CEO, Hitachi Vantara.
“Enterprises today want the ultimate flexibility in selecting the right environment for their varied workloads and development requirements. Moving and managing data and applications across environments requires careful orchestration through a unified cloud platform. Hitachi Vantara already offers trusted and reliable private cloud solutions for customers who want pay-as-you-go experiences without having to move their data off premises. With REAN Cloud, we will be able to extend our unified cloud offerings to public and hybrid clouds, and we will enable customers to accelerate their digital transformations by deploying analytics-centric solutions to drive business outcomes,” said Bobby Soni, Chief Solutions and Services Officer, Hitachi Vantara.
“When we first founded REAN Cloud, we understood the pivotal role that the cloud would play in transforming the way enterprises do business to reach their goals faster. As cloud adoption continues its rapid growth worldwide, we are truly excited to join forces with Hitachi Vantara, which shares our focus on shaping the future of digital transformation with innovative solutions. Our team looks forward to evolving REAN Cloud’s platform to accelerate customers’ outcome-based offerings,” said Sri Vasireddy, Managing Partner, REAN Cloud.
Once the acquisition closes, REAN Cloud’s founders will continue to lead and grow the business as an integral part of Hitachi Vantara’s Solutions and Services organisation, led by Bobby Soni.
The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals. Financial terms of the deal are not being disclosed. Citi acted as the exclusive financial advisor to Hitachi Vantara and William Blair and MVP acted as financial advisors to REAN Cloud.