Quadrant partners with Cevo, Arinco & D6 Consulting

08/12/2022 News




  • Leading AWS and Microsoft cloud specialist providers to accelerate investment in growth
  • Cevo, Arinco and D6 brands will remain separate brands under a single group
  • Cevo, Arinco and D6 have collectively grown by more than 100% p.a. over the last two years
  • This investment will support the three businesses to continue to be at the forefront of cloud innovation

Quadrant Growth Fund No. 2 (“Quadrant”) has partnered with leading Australian cloud specialist providers Cevo, Arinco and D6 Consulting (“D6”). Quadrant will be investing alongside the management teams in each of the three businesses.

Cevo, Arinco and D6 (together, the Group) are three of Australia’s fastest growing Cloud Services Providers, working with enterprise and government clients across the country and are leading partners with Amazon Web Services and Microsoft. Most recently, Cevo ranked #26 in the 2022 AFR Fast 100 list and #7 in the CRN 2022 Fast50. Additionally, Arinco ranked #53 in the 2022 AFR Fast Starters list and in the CRN’s 2022 Fast50.

Led by Founders and Principal Consultants across each of the three businesses, Cevo, Arinco and D6 have built an outstanding 250-strong team across cloud migration, cloud modernisation, data engineering, cloud security, modern work, security, project management, and managed services capabilities. Together with Quadrant, the group will continue to invest in the team locally to deliver the best outcomes for customers in their acceleration and innovation in the cloud.

Cloud service providers continue to accelerate digital transformation and shifting workloads to the cloud for enterprise and government organisations.

Co-Founders of Arinco, David Lee and Chris Padgett said:
“We're extremely excited about what we're building at Arinco and what the partnership with Quadrant holds for us. Arinco will continue to focus on excellence and quality to help our customers grow their businesses in the cloud, and further  invest in the Microsoft partnership and ecosystem with the support of Quadrant.”

CEO of Cevo, James Lewis said:
“The partnership with Quadrant is an exciting milestone in our business. We are very excited about our plans ahead to build and grow on Cevo’s strong history as a leading AWS partner and accelerate our customers’ transformation to the public cloud.”
Managing Partners of D6, Lisa Applegarth and Joanne Spencer said:
"The first six months of our new business has been a whirlwind, and the partnership with Quadrant is the next exciting chapter in our journey. The wealth of knowledge and experience this partnership brings to D6 will help us strengthen our position in the digital transformation industry.”

Managing Partner of Quadrant, Simon Pither said:
“We are pleased to partner with Cevo, Arinco and D6 to support and advance the strategically valuable and unique group with leading practices across both AWS and Microsoft cloud services.”

Investment Director of Quadrant, Peter Elkhouri said:
“We are excited to help accelerate the growth of Cevo, Arinco and D6 who have collectively grown by more than 100% p.a. over the last two years and are working with some of the largest healthcare, financial services, government, and industrial companies in Australia.”

Quadrant’s Managing Partner Simon Pither and Investment Director Peter Elkhouri will be joining the group’s Board of Directors, along with Board Observer, Associate Director Youngsoo Kim.

Quadrant’s investment in Cevo, Arinco and D6 will be the fourth investment from the $530 million Quadrant Growth Fund No. 2 which was raised in August 2021 and now close to half invested.
The partnership also marks Qudrant’s second major investment in IT services, following the successful partnership and sale of Arq Group for $290 million in March 2022.

Quadrant was advised by EY and Gilbert + Tobin. Cevo, Arinco and D6 were advised by Tilbrook Rasheed and CXT Legal.

Writen by Global Administrator, 08/12/2022 News