CloudRock shoots for the stars with GCP investment

image of CloudRock CEO Minos Ataliotis.

Growth Capital Partners (GCP), a UK-based investor with a focus on businesses operating in the technology and services sectors, has announced a new partnership with ERP digital transformation business, CloudRock. The union is to support CloudRock’s growth in the UK while also providing the means for international expansion.

Founded in 2017, CloudRock specializes in advisory, implementation and managed services for client-side ERP technology, supporting enterprises in transforming their HR and financial functions. With over 24 years of experience, GCP provides equity capital for growth and strategic support for businesses looking to scale up quickly.

The investment from GCP follows CloudRock’s recent growth, with the transformation consultant being recognized as one of Financial Times’ 1000 Fastest Growing Companies in 2023 across Europe. The GCP partnership will also focus on further investment in CloudRock’s talent, international expansion and its technology partnerships with leading vendors.

Minos Ataliotis, founder and CEO, CloudRock, who was recently interviewed by ERP Today, said on the announcement: “CloudRock has been on an amazing journey to date, capitalizing on the market’s move to cloud-based HCM and finance software, and the need to have a trusted adviser “customer side”, growing alongside leading SaaS vendors such as Workday, ServiceNow, Oracle and Dayforce.

“We are excited to partner with a forward-thinking investor with a proven track record of success, that understands our sector and could clearly evidence how they would help CloudRock evolve to the next level.

“Together, we have outlined our ambition to rapidly scale and create a leading international transformation partner, as the largest independent advisory operating on a global basis in the HR and finance space. We are all looking forward to working collaboratively with GCP as we embark on this exciting phase of growth.”

Alex Thomson, partner, GCP, said: “We have been following CloudRock for a number of years; their differentiated positioning in the growing ERP digital transformation market and exceptional technology partnerships have clearly driven fantastic growth.

“As soon as we met the CloudRock management team, we were impressed and knew they were a group of leaders we could partner with and add a huge amount of value in areas we know well – growing exceptional teams, preserving culture at scale and internationalizing growth. We are very excited to work with CloudRock and build on their success to date to create a globally recognized technology leader.”