Welcome!

Government Cloud Authors: Pat Romanski, Elizabeth White, Liz McMillan, 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
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
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...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
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...