August 29 (SeeNews) - HeleCloud, a UK-based Amazon Web Services (AWS) technology consultancy also active on the Bulgarian market, said on Thursday it has acquired Netherlands' OlinData for an undisclosed price and expects to triple its turnover next year.
Open source infrastructure specialised OlinData is HeleCloud’s first acquisition as part of its ongoing growth across Europe, the company said in a statement.
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“Just like HeleCloud, OlinData is highly experienced in helping customers build better businesses on the AWS Cloud. By acquiring OlinData, we are able to establish a strong presence in the Benelux – fuelling our ambitions to become an AWS Premier Consulting Partner of the AWS Partner Network (APN) in just 18 months," Dob Todorov, CEO and CCO of HeleCloud, said in the statement.
As an AWS Advanced Consulting Partner, OlinData helps enterprise-level and mid-size businesses optimise usage, reduce costs and streamline set-up through a combination of consultancy, engineering and remote management offerings, the company also said.
The company's headcount is expected to exceed 100 employees by the end of 2019. Currently, the company has 73 employees in Bulgaria and the U.K.
HeleCloud also expects to achieve a 200% increase of its turnover in 2020 compared to 2019, the company told SeeNews in a separate statement.
At the beginning of 2017, HeleCloud was recognised as Amazon Web Services Authorized Public Sector Partner, becoming an official reseller of Amazon Web Services for Bulgaria, through its arm HeleCloud Bulgaria.
Amazon Web Services, established in 2005, is a subsidiary of US online retailer Amazon.
Hague-based OlinData is an Open Source consulting, engineering and training company active in more than 20 countries worldwide.