Weatherford Capital (US), a private equity firm focused on mission-driven businesses, has made an undisclosed investment in CloudFactory (GB), a technology company that provides data processing services for artificial intelligence and machine learning applications.

AcquirerWeatherford Capital
TargetCloudFactory
Value<Not Disclosed>
TypeBuyout
Closing DateNovember 20, 2019
AdvisorsNone disclosed

The investment aims to support CloudFactory’s growth and further its mission of using technology for social impact. Weatherford Capital has a history of backing businesses that operate with purpose, including those in the sustainability sector.

Strategic Rationale

CloudFactory is dedicated to employing people in need across developing countries, enabling them to contribute to global technological advancements while improving their economic conditions. This social mission aligns well with Weatherford Capital’s investment philosophy of supporting companies that not only generate financial returns but also drive positive societal change.

Financial Context

No specific financial terms were disclosed regarding the deal value or equity stake acquired by Weatherford Capital. The agreement does not include any key terms that would typically dictate future operations, such as governance arrangements or performance targets.

Outlook

With this backing from Weatherford Capital, CloudFactory is expected to accelerate its expansion into new markets and enhance the technological capabilities of its data processing services. The partnership promises to strengthen both companies’ commitment to leveraging technology for broader social benefits.