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Q&A: Cloud Technology Partners CEO Discusses Plans for VC Spoils

Cloud Technology Partners CEO Chris Greendale discusses how his company plans to use the $9.1 million procured in the most recent round of funding.

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What Does $9 Million Mean for Cloud Technology Partners?

Cloud Technology Partners closed a $9.1 million financing round last week that will allow the company to grow its workforce beyond 100 employees.

The Boston-based cloud solutions company, which was founded four years ago, has raised a total of $14 million in two rounds of funding, with some employees investing as much as half-a-year's salary in the company.

Cloud Technology Partners Founder and CEO Chris Greendale told CRN that the company plans to invest in IP and better sales coverage.

The company plans to primarily use the additional money to bolster sales of existing software and services in North America, though the firm expects more hybrid cloud engagements going forward.

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