Boston-based Cloud Technology Partners announced its launch this morning. The cloud-focused systems integrator, started by Cambridge Technology partners founder Chris Greendale, has been active since last spring. In an interview last week, Greendale told Mass High Tech his company expects to have 40 people on staff by the end of February. Five of the company’s first 11 hires are Cambridge Technology Partners veterans, including Erik Sebesta, the company’s chief architect and technology officer.
CloudTP will have to grow fast to compete with incumbents already doing vendor-agnostic cloud services: Appirio Inc. of San Mateo, Calif., founded in 2006; BlueWolf of New York City, founded in 2000; and Astadia of Atlanta, founded in 2002.
Mass High Tech reported in May on how Greendale founded CloudTP.
Cambridge Technology Partners, which went public in the 1990s, reached over $850 million in revenue, and a market cap of over $5B. In 1997, Greendale founded Breakaway Solutions, an e-commerce-focused integrator that also went public with a market cap of over $7B. After Breakaway, Greendale was a venture partner at venture capital firm GrandBanks Capital of Wellesley, and a managing partner at Kodiak Partners, a Waltham VC firm. He left Kodiak in 2008.