Tridius Technologies, a Microsoft Gold Partner and application development consulting firm, has received a majority investment from Terralogic Solutions Inc., a global technology consulting firm backed by Paxion Capital to expand Terralogic’s portfolio of services in the technology industry.
CEO Matthew Ramsey, CTO David Clark and EVP Kevin Wheat will retain a significant equity ownership in the Company and continue on the board. Renil Komitla, CEO of Terralogic and Duncan Robertson, CFO of Paxion Capital will join the Tridius board.
Headquartered in Plano, Texas with operations and resources in London, UK and San Jose, Costa Rica, Tridius Technologies provides Microsoft cloud services, application development and managed services solutions. Key service areas include Microsoft cloud services, data & analytics, application development, DevOps, and managed services.
Matthew Ramsey, CEO at Tridius said, “We believe our future growth opportunities are immense and Terralogic’s investment in Tridius is evidence of our focus and execution in the fast-growing segment of Microsoft cloud services and application development. We look forward to our partnership with Terralogic as they support our aggressive organic growth and add-on acquisition strategy.”
Renil Komitla, CEO at Terralogic added, “Terralogic is excited about our investment in Tridius because of their extensive market and industry experience, human capital resources and track record of delivering desired outcomes for clients through the adoption of Microsoft cloud services.”
David Clark, CTO at Tridius stated, “We have a unique opportunity to capture Microsoft cloud services market share as clients prioritize modernizing platforms that enable them to be more agile, improve their business performance and provide more relevant and engaging experiences for their customers. Our relationship with Terralogic will help us address client needs with greater scale and velocity.”
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