Welcome!

Government Cloud Authors: Elizabeth White, Liz McMillan, Pat Romanski, Dana Gardner, Gopala Krishna Behara

News Feed Item

Cloudnexa Announces Strategic Business Investments

Company Raises $2.3Million, Announces Executive Team Members

PHILADELPHIA, Nov. 7, 2013 /PRNewswire/ -- Cloudnexa, an industry leading cloud managed services provider known for helping clients realize the full utility power of cloud computing, today announced several strategic business investments.  These investments include the completion of its first round of fundraising, the addition of two key members to its management team, and the acquisition of new corporate headquarters.

The company completed its first round of early stage fundraising, with $2.3M in investments coming into the business from several technology investors including Milestone Venture Partners, who acted as lead investor, Gabriel Investments and Ben Franklin Technology Partners.  "Cloudnexa has a compelling value proposition and business model in the fast growing cloud computing space, we believe they are extremely well positioned for growth as they capitalize on their core differentiation and deliver long term value to clients trying to realize the benefits of cloud computing," said Morgan Rodd, general partner of Milestone Venture Partners.

Also being announced is the addition of two new members to the executive management team.  Lisa Brown joins Cloudnexa as vice president of Marketing and Sales Operations.  Lisa was formerly with Active Power, a data center solutions provider, where she spent the last seven years leading their marketing and sales operations functions.  Also joining the team is Shaun Enright, Shaun takes on the role of vice president and general manager Public Sector leading the corporations' efforts in the government, education and non-profit markets.  Prior to joining Cloudnexa, Shaun was Director at CyberData Technologies where he led their SLED (state, local and education) division and Federal cloud solutions. 

"The investment and confidence these organizations have placed in Cloudnexa is already driving progress and enabling our business to develop a leadership position in the Cloud Management as a Service space," said Joel Davne, chief executive officer, at Cloudnexa. "The addition of Lisa and Shaun to the founding management team is absolutely critical to the successful growth and development of the business.  We welcome the experience and strengths both bring to Cloudnexa and are confident in their ability to drive our growth."

Lastly, the firm announces their new corporate headquarters at the Navy Yard in Philadelphia, PA.  Cloudnexa will occupy Quarters A @ 1413 Langley Avenue.  The Navy Yard is a vibrant technology hub and an excellent location for an early stage company such as Cloudnexa.  The company will be located in the Keystone Opportunity Improvement Zone which provides critical economic development and tax benefits to an early stage firm such as Cloudnexa. 

About Cloudnexa

Founded in 2012, Cloudnexa deploys and manages cloud infrastructure for clients who want to realize the full power of cloud computing.   With proven experience in deployment and management of scalable, secure cloud infrastructures across private, public and hybrid clouds, Cloudnexa provides the necessary value added services customers need to realize the true cost savings and technical value proposition of the cloud.  As an AWS authorized reseller and advanced solution partner, Cloudnexa has been leading the Cloud Service Provider (CSP) experience with our proprietary Cloud Management tool (vNOC) and managed services solution on Amazon Web Services.   For more information visit www.cloudnexa.com.

About Milestone Venture Partners

Milestone Venture Partners, located in New York City, is an early-stage venture capital fund with $70 million under management. Milestone's investment strategy is focused on capital-efficient, technology-enhanced services businesses in the Greater New York region. Areas of expertise include media and marketing services, digital healthcare, and financial services IT. Milestone has invested in 13 digital healthcare businesses accounting for over 50% of its capital. For more information about Milestone, visit www.milestonevp.com.

Cloudnexa Investor Contact:

Cloudnexa Media Contact:

William Testa

Lisa Brown

Chief Financial Officer

Vice President Marketing

(877) 828-8987

(215) 346-7878

[email protected]

[email protected]



Milestone Ventures Contact:


Avlyn Ashterman-Reece


(212) 223-7400


[email protected]


SOURCE Cloudnexa

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...