Pax8 Announces $96 Million Additional Equity to Transform Cloud Services

Pax8, the supplier of a platform that makes it more straightforward for IT services firms to incorporate the provisioning and charging measures across various cloud applications, today declared it has brought $96 million up in additional equity. Simultaneously, the organization additionally uncovered yesterday it has acquired Wirehive, a cloud consulting firm in the U.K. Terms of the arrangement were not unveiled.

The general objective is to lessen the friction that IT services firms experience when they're deploying cloud services for the benefit of their clients utilizing a platform through which they can oversee memberships to various cloud services and software-as-a-service (SaaS) applications. That approach additionally serves to make it more straightforward for IT services firms to oversee membership reestablishments across a wide scope of cloud services.

Wirehive will enlarge those capabilities by furnishing IT services firms with a seat of cloud processing specialists they can tap to execute a cloud-based IT solution, instead of recruiting a full-time workforce. The consulting firm at present has 30 workers zeroed in only on complex cloud projects when exploring cloud technologies including everything from virtual machines to Kubernetes groups and serverless figuring systems has gotten more unpredictable.

Relying on external expertise will make it feasible for smaller IT services providers to cost-effectively compete against larger rivals, said Nick Heddy, chief revenue officer for Pax8.

About Pax8:

Pax8 simplifies the way organizations buy, sell, and manage cloud solutions, empowering our partners to achieve more with cloud technology. Our born-in-the-cloud platform modernizes the channel’s cloud journey with consolidated billing, automated provisioning, and industry-leading PSA integrations. And our technology is backed by the Wingman Experience that provides responsive support alongside the education and resources you need to grow your cloud business.