Pax8, the best place for IT professionals to buy cloud products, announced the acquisition of Wirehive, a forward-thinking cloud hosting and consultancy company headquartered in the United Kingdom.
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The purchase of Wirehive provides Pax8 with expanded reach across new technologies and geographies.
“Wirehive adds an incredible amount of value to the Pax8 business, enabling us to diversify our technology portfolio, provide more innovation to our partners, and capitalize on worldwide digital transformation,” said John Street, Chief Executive Officer at Pax8. “The acquisition will enable both organizations to unlock new ways to automate cloud orchestration and optimization and expand our ability to simplify cloud strategies for IT professionals.”
“The values, culture, and synergies between Pax8 and Wirehive are strong as we have a common goal to help businesses modernise with cloud technology,” said Robert Belgrave, Chief Executive Officer at Wirehive. “This acquisition will prove to be transformative. With Pax8, we can grow and scale at a faster rate while optimizing business operations and expanding opportunities to our customers.”
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According to Forrester’s Predictions 2021: Cloud Computing, the public cloud infrastructure market will grow 35 percent to $120 billion in 2021. The acquisition will enable partners across multiple geographies to capitalize on market trends and growth trajectories.
“In an Accenture survey, 76% of CEOs agree that current business models will be unrecognizable in the next five years — with ecosystems as the main change agent,” said Jay McBain, Principal Analyst at Forrester.1 “The channel software industry is rapidly building out ecosystem functionality and acquiring key assets as these companies look to emerge from the ‘decade of the channel ecosystem’ as winners.”