Colt snaps up ThinkGrid to target SMB cloud services

Colt Technology Services has bought ThinkGrid, an enterprise cloud startup in order to break into the SMB cloud market.

Colt Technology Services has bought ThinkGrid, an enterprise cloud startup that has created a platform aimed at helping small and medium businesses (SMBs) become cloud providers in their own right.

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The purchase of the channel-focused cloud platform provider has been made by Colt in order to target growth in the SME market. The deal will add approximately 200 resellers and software vendors to its partner community in the UK, which it hopes will increase its consumer base and business portfolio in the cloud market.

In a statement announcing the deal, François Eloy, EVP at Colt said:

"The acquisition of ThinkGrid further strengthens our position with the addition of a complementary range of cloud-based services. We also gain a reseller-oriented management platform and portal which will reduce our time to market across our European markets.

This acquisition allows us to extend our channel community to include skilled managed services resellers who will help us to accelerate our growth."

Eloy also noted that the "SME market for managed services is set to grow at 15 percent annually during the coming years." Due to this, the deal seems to suggest that while the market remains to be exploited by companies, Colt has to secure relevant platforms in order to capitalize on it and improve their profitability.

The ThinkGrid platform includes a number of services, such as virtual desktops, email, file sharing capabilities and cloud data backup features.

UK-based Colt was launched in 1992, and currently operates 20 data centers within a business network of 22 countries in Europe. The company says that ThinkGrid's training program -- which helps train SMB cloud resellers in computing -- will eventually be rolled out to the firm's sales teams and channel partners.