Blue.cloud Taps Brian Alvarez as ‘EVP, Corporate Development,’ a New, Growth-Focused Leadership Position at the Company

Blue.cloud Taps Brian Alvarez as ‘EVP, Corporate Development,’ a New,
Growth-Focused Leadership Position at the Company

Former CEO of business services company will lead development efforts to
support Blue.cloud’s accelerated growth

Business Wire

TAMPA BAY, Fla. — March 4, 2021

Blue.cloud, the cloud-only digital transformation company, today announced
that Brian Alvarez has joined the organization as Executive Vice President,
Corporate Development, a new, growth-focused leadership position. A former
U.S. Army Intelligence officer, CEO and investor, Mr. Alvarez will lead the
charge in identifying, evaluating and executing new acquisition opportunities,
investor partnerships and major financing activities that will position
Blue.cloud optimally for its continued rapid expansion and leadership in the
fast growing data and analytics space.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20210304005734/en/

Kerem Koca, Blue.cloud co-founder/co-CEO, and Brian Alvarez, EVP, Corporate
Development (Photo: Business Wire)

Kerem Koca, Blue.cloud co-founder/co-CEO, and Brian Alvarez, EVP, Corporate
Development (Photo: Business Wire)

“I’m excited to help Blue.cloud advance on its trajectory of accelerated
growth, and I’m eager to lead the charge as they seize new opportunities
through partnerships and strategic capital investments,” said Mr. Alvarez.
“Coming from a business services company, I know first-hand the tremendous
impact that digital transformation can have on an organization’s ability to
achieve its goals. Blue.cloud’s partnerships with Snowflake, ThoughtSpot and
Starburst — all best in-class players in the data and analytics space — are
testimony to the need and value of its technologies and services. This is an
amazing opportunity to spearhead the development of a technology pioneer whose
solutions are helping companies execute on their digital transformation
initiatives with speed and efficiency.”

Mr. Alvarez, who will relocate from California to Tampa Bay, FL where
Blue.cloud is headquartered, brings more than 12 years of leadership
experience to the company as a finance professional and CEO, as well as a
field grade officer in the U.S. Army. Prior to joining Blue.cloud, he was CEO
of a private equity backed business services company and led the organization
through significant growth and professionalization. Before that, he worked at
a Boston-based private equity firm and the Chicago-based middle-market
investment bank, Lincoln International. Alvarez also served for several years
as an Army Intelligence Officer and is currently a Major in the Army Reserves.

In 2016, Alvarez founded an investment vehicle for a search fund acquisition,
focusing on small- to mid-sized businesses. He has invested in business
services and technology companies across the country and serves as an advisor
to multiple search fund investors and CEOs. Mr. Alvarez holds an economics
degree from West Point and an MBA from Harvard Business School.

“Blue.cloud is laser-focused on providing top-notch technologies and services
to our clients as they digitally transform, and our investments and
partnerships are key to making this happen,” said Praveen Ramineni, co-Founder
and co-CEO of Blue.cloud. “While we’ve executed successfully on numerous
partnership and acquisition opportunities to date, with Brian heading up our
future development efforts, we now have deeper resources to work even more
aggressively toward meeting our goals for growth and expansion in 2021 and
beyond.”

“We’re excited to welcome Brian to our team as EVP, Corporate Development,”
said Kerem Koca, co-Founder and co-CEO of Blue.cloud. “His broad experience as
a leader, investor and CEO is the perfect combination to help lead us through
our next stage of accelerated growth by maximizing enterprise value and
capital for growth initiatives. He has the expertise needed to streamline
expansion efforts from both operational and financial standpoints, and a
proven track record for flawless execution. There’s no limit to what he can
help us achieve.”

About Blue.cloud

Founded in 2021, Blue.cloud is a cloud-only digital transformation company
that specializes in implementing leading cloud technologies and solutions for
clients. Blue.cloud provides digital strategy, data engineering and analytics,
digital services and cloud operation services to companies ranging from
Fortune 500 enterprises to mid-market companies and startups. It has deep
technology skills that enable key business processes and works across
industries to deliver cloud transformation solutions that impact growth and
differentiated customer experience for clients. Blue.cloud is the evolution of
Bluenet, which was founded in 2004 in the data and analytics space. The
company is headquartered in Tampa Bay, FL. For more information, visit
www.blue.cloud

View source version on businesswire.com:
https://www.businesswire.com/news/home/20210304005734/en/

Contact:

Michael Draznin for Blue.cloud
michael@watersagency.com
917-921-1039