Cloudnexa Ranks Second on 2016 CRN Fast Growth 150 List

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Leading Cloud Management Provider Recognized for Growing by More than 800 Percent

Cloudnexa, a leading cloud management service, has placed second out of 150 companies in The Channel Company’s 2016 CRN® Fast Growth 150 list as a result of its incredible 800.74 percent year-over-year growth rate. The list comprises CRN’s annual ranking of North America-based technology integrators, solution providers and IT consultants with gross sales of at least $1 million who have experienced significant economic growth over the past two years.

Cloudnexa’s inclusion in the list comes off a highly successful year with milestones such as: launching new hosted app solutions for WordPress and Magento as well as new solutions for mobile workforce optimization, disaster recovery for Amazon Web Services (AWS), and network-as-a-service. Cloudnexa has also received multiple accolades such as being named a 2016 "Cool Vendor" in cloud management by Gartner.

“This recognition from The Channel Company validates our business strategy and gives us important credentials to continue our leadership as a leading cloud management provider,” said Joel Davne, CEO and Founder of Cloudnexa. “The growth we’ve experienced reflects the market demand for our unique, utility-based pricing and proprietary vNOC technology, as well as a desire by customers across different industries to avoid managing cloud deployments on their own.”

“The companies on our 2016 Fast Growth 150 list are growing at an incredible rate, establishing themselves as clear leaders in today’s IT channel,” said Robert Faletra, CEO of The Channel Company. “Their rapid expansion in a climate of economic uncertainty and unprecedented technological advancement is especially impressive. We congratulate each of the Fast Growth 150 honorees and look forward to their continued success.”

The Fast Growth 150 list is highlighted in the August issue of CRN and can be viewed online at http://crn.com/fastgrowth150.

For regular Cloudnexa news, follow the company on LinkedIn and Twitter.

About Cloudnexa
Cloudnexa is an internationally recognized premier cloud service provider based in Greater Philadelphia, PA that utilizes Amazon Web Services (AWS) to assist clients in surpassing their business and IT goals. Recently named a Gartner 2016 "Cool Vendor" in cloud management, Cloudnexa exhibits years of experience and expertise advising clients on their needs pertaining to success within the cloud platform. Their patented vNOC platform enhances the AWS environment and allows users to streamline functions in a single, simple user-friendly interface. For more information regarding Cloudnexa or their vNOC environment, please visit their website at http://www.cloudnexa.com/.

About the Channel Company
The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. http://www.thechannelco.com.

Contact for Cloudnexa:
Investor Contact:
William Testa
Chief Financial Officer
(877) 828-8987
btesta(at)cloudnexa(dot)com

Jim Cameron
Cloudnexa(at)10fold(dot)com
(415) 800-5367

Contact for the Channel Company:    
Melanie Turpin
The Channel Company
(508) 416-1195
mturpin(at)thechannelco(dot)com

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