Canadian cloud services provider WatServ has received an investment from the private equity group of Brookfield Asset Management. No financial terms were disclosed. Based in Waterloo, WatServ is a provider of cloud computing solutions for the operational management of hosted Microsoft Dynamics products. It said the partnership with Brookfield will provide the company with the necessary resources and guidance to expand at an accelerated pace. Founded in 2005, WatServ has offices in the United States and the United Kingdom.
WatServ Unveils Brookfield Partnership
WatServ is pleased to announce that the company is now backed by the private equity arm of Brookfield Asset Management, a leading global alternative asset manager.
With Brookfield’s support, WatServ will continue to expand its business as one of the largest, most experienced providers of Managed Cloud Computing solutions for Microsoft Dynamics ERP and CRM applications on both Microsoft Azure and WatServ Private Cloud.
The WatServ name and management team will remain the same, as does our commitment to be best-in-class suppliers of hosted Microsoft Dynamics AX, hosted Dynamics NAV, hosted Dynamics GP, hosted Dynamics CRM. In addition to the existing ongoing expansion of service offerings for Managed Azure, Office 365, and CRM Online, the Brookfield Partnership provides WatServ with the resources to grow its business at a significantly accelerated pace, and, more importantly, with the guidance of an organization with an enviable record of investment success.
WatServ is based in Waterloo, Ontario, with a U.S. offices in Southfield, Michigan; Minneapolis, Minnesota; and a U.K. office in Reading.
Brookfield is based in Toronto and is a global alternative asset manager with approximately $225 billion in assets under management. The company has more than a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity. Brookfield offers a range of public and private investment products and services, and is co-listed on the New York, Toronto and Euronext stock exchanges.
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Source: WatServ, December 2015
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