CloudHesive partners with Espresso Capital to drive growth

Fort Lauderdale, FL — June 13, 2024 — Espresso Capital announced today that it has extended a senior credit facility to CloudHesive, an Amazon Web Service Premier Consulting partner and managed services provider. The company will use the funds to fuel its continued growth.

“The credit facility from Espresso supports our growth objectives, including go-to-market execution, regional coverage, and potential M&A,” says Jim Walker, CEO of CloudHesive. “Their venture debt structure was the right choice for us because it allows us to grow the business without diluting shareholders.”

Founded in 2014 by veterans in the cloud technology space, CloudHesive delivers comprehensive consulting and managed services to a large and growing customer base of public sector and commercial accounts worldwide. It serves the AWS ecosystem, delivering migration and integration services, contact centers, cloud capacity-on-demand, disaster-recovery-as-a-service, and cloud security operations.

“CloudHesive is an established leader within the AWS ecosystem and is on a clear growth trajectory thanks to the mission-critical services it provides, its partnership with Amazon, and strong leadership team,” says Steven Michau, Executive Director at Espresso Capital. “We believe that they are well-positioned to continue down this path of strong growth for years to come.”

“We’re excited for the next phase of CloudHesive’s growth and pleased they have found a great financing partner in Espresso Capital,” said Jon Busch, Principal at Strattam Capital. “We remain committed to supporting the great work that Jim and his team are doing to help customers realize the most from their cloud investments.”

“Espresso has been great to work with,” notes Walker. “They are extremely easy to do business with, exceedingly competent, and offered the right solution to support CloudHesive delivering more products, services, and solutions to help customers achieve their AWS goals.”

fitcapital, LLC (“fitcapital”) acted as the Company’s exclusive debt advisor on this transaction.

About CloudHesive

CloudHesive is an Amazon Premier Partner and an Amazon Managed Services Partner founded in 2014 by veterans in the cloud technology space. We help our customers adapt and transform their organizations by leveraging the power of the public cloud ecosystem through consulting, and next-generation managed services with a focus on Operational Excellence, Security, Reliability, and Application Optimization. We service global customers and have headquarters in Fort Lauderdale, FL, and offices in Denver, Colorado, Santiago, Chile, Bogota, Colombia and Buenos Aires, Argentina. Visit https://www.cloudhesive.com for more information.

About Strattam Capital

Strattam Capital invests in founder-led, independent, B2B software technology companies outside across North America. We believe in aligning with founders before signing, via our Five-Point Plan process, to allow execution with purpose, excitement, and efficiency. With offices in Austin and San Francisco, we connect companies with the people, process, and scale needed to reach their potential. For more information, please visit Strattam.com.

About Espresso Capital

Espresso Capital has been empowering fast-growing technology companies with innovative venture debt solutions since 2009. During this period, we’ve funded over 330 companies in the U.S., Canada, and the U.K., helping to accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Espresso is headquartered in Toronto, with offices in San Francisco, Chicago, and London. To learn more about how you can use venture debt to grow your business, visit espressocapital.com.