Pan-European cloud managed services firm Claranet has received an £80m investment from French asset management firm Tikehau Capital in return for a minority stake in the expanding company.
Claranet has 1,300 employees and operates in the UK, France, Germany, Spain, Portugal, Italy, and the Netherlands. It also recently entered the Brazilian market.
The investment follows the firm's move in February to set up Claranet Italy in response to growing demand for managed public cloud solutions in the Italian market.
The new entity based in Milan focuses solely on public cloud services working with partners including Amazon, Google and Microsoft.
Also in February, Claranet acquired Dutch IT services provider Rely which has a leading position within the Dutch notarial sector, offering its clients a range of IT infrastructure services, including public and private cloud solutions and application management services.