Gryphon Investors is selling 3Cloud to Cognizant.

Gryphon Investors Announces the Sale of 3Cloud

Gryphon Investors, a leading mid-market private equity firm, announced that 3Cloud (the company) has entered into a sales agreement with Cognizant Technology Solutions Corporation (NASDAQ: CTSH). The deal is expected to close in the first quarter of 2026. Financial details regarding the transaction were not disclosed.

Founded in 2016 in Chicago, Illinois, 3Cloud provides comprehensive solutions that help customers optimize business outcomes within the Microsoft Azure platform. 3Cloud is a global leader in AI-enabling solutions specifically for Azure. The company has a proven track record in modern data engineering, cloud-based AI application development, advanced analytics, and Azure management services. 3Cloud is also an Elite Databricks partner.

Gryphon invested in 3Cloud in 2020 and has made several additional acquisitions during this time. The company has achieved over 20% organic growth. During its partnership with Gryphon, 3Cloud's revenues increased 12-fold.

3Cloud's CEO Mike Rocco and President Jim Dietrich will continue in their key roles regarding Cognizant and Azure applications.

Gabe Stephenson, Partner at Gryphon's Technology Solutions and Services Group (TSSG), stated, "The five years we've spent with Mike Rocco, Jim Dietrich, and the 3Cloud team have been incredible. It was a privilege to partner with them to build a leading Microsoft Azure services firm in North America." 3Cloud was our first investment in the technology services sector, and their success paved the way for many other investments.

Rocco added, "Gryphon has been an outstanding partner and a real catalyst for 3Cloud's growth. They provided strategic guidance and operational support." He also mentioned how they helped position the company for future high growth.

David Andrews, Gryphon's Founder and Co-CEO, noted, "Our investment in 3Cloud is an example of the Gryphon model, which aims to do quality business through integrated collaboration with management. The success of 3Cloud is attributable to the shared vision and sector expertise of the management teams, enabling value creation through our investment strategies," he said.

In this process, Gryphon was represented by Lazard and Kirkland & Ellis. Cognizant was represented by Mayer Brown.