Caylent, an AWS Premier Service Partner, previously received a $16 million growth equity investment from tech-focused private equity firm East Los Capital in June of 2021. The majority investment was premised on East Los Capital’s investment thesis of strong growth in the cloud services market driven by continued adoption worldwide as companies move from cloud migration to cloud native solutions. East Los Capital is pleased to announce that it has exited its position in Caylent following a majority growth investment from Gryphon Investors.
At the time of the initial investment, East Los Capital partnered with Stephen Garden, Executive Chairman of Caylent, to expand the executive team and spur Caylent’s growth. Caylent’s Founder and CEO, JP La Torre, said “The East Los Capital investment came at a critical inflection point of growth and has allowed Caylent to significantly expand our partnership with AWS and diversify our services portfolio into areas such as data analytics, machine learning, and cloud application development to keep up with demand.”
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“We partnered with East Los Capital on this investment due to a shared belief in the power of cloud services and how the engineering talent throughout Latin America can accelerate transformative outcomes for customers,” said Garden. “With East Los Capital’s investment, Caylent has emerged as the fastest growing and most capable firm in the AWS partner ecosystem and perfectly positioned for the next stage in its journey.”
Caylent’s growth and list of accomplishments during East Los Capital’s investment period were substantial. Over the 18-month holding period, the company achieved the following milestones:
- Caylent named AWS Rising Star Partner of the Year in 2021
- Reported growth of 300% year-over-year and the addition of 50 employees per quarter as of Q3’21
- Obtained AWS Premier Tier Services Partner status in 2022
- Received AWS Innovation Partner of the Year Award for North America in 2022
- Achieved Launch Partner status for AWS Graviton, AWS Control Tower, Amazon EKS and Amazon Opensearch Service Delivery Designations
- Expanded into Canada as its third global delivery region
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East Los Capital Partner, Anthony Valencia, CFA, remarked that in his nearly two decades of investing in, and researching the major cloud hyperscalers (Amazon, Google & Microsoft), “It is extremely rare to see a service provider outpacing the growth of the overall industry in the manner that Caylent has done. We are extremely proud of what Caylent has achieved and wish them continued success”.
Caylent was created as a cloud native company dedicated to providing cloud migration and cloud native software development solutions for clients. Caylent was an early contributor to the development of container orchestration software, which has become the solution of choice for mature cloud computing users. Over time, the company has broadened its offerings to cover a wide range of cloud native solutions. Caylent fills the expertise gap that many companies face when they aim to capture the advantages of cloud computing, but do not have in-house cloud specialists at their disposal.
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