MH advises shareholders of Stoneburn Software Services Ltd on sale to Cloud Sherpas

Wednesday 18 September 2013

The MH Corporate team has acted for the sellers of Stoneburn Software Services Ltd, a technology consulting and IT services firm and Google partner, on the sale of the company to Declarative Holdings Inc (trading as Cloud Sherpas). Cloud Sherpas is one of the world’s largest independent cloud services brokers. The consideration was paid in cash and shares in Cloud Sherpas, while the founder sellers will remain with the enlarged group.

“The increased size and scale of Cloud Sherpas, along with its best practices and implementation expertise, will translate to a stronger cloud strategy and better service for our clients,” said Ciaran Cosgrave, co-founder of Stoneburn.  ”We can now provide more services, especially around Google’s cloud platform, as well as 24×7 world-class support and cloud management.  This is a terrific day for Stoneburn customers in the UK and elsewhere.”

Hugh Gardner (Corporate partner) led the MH team with assistance from David Strong (corporate associate)

 

Hugh Gardner
September 2013
MH Corporate