CloudTP Comes Out of Stealth, With $1M in Equity Seed Funding, to Help Big Companies Move Data to Their Own Private Clouds

Serial IT entrepreneur Chris Greendale is taking a crack at another company, which is involved in what he calls “carbon reduction by cloud computing.

It’s not exactly the most commonly thought of means to sustainability, but his new firm, Boston-based CloudTP, is focused on helping firms reduce the need for their own physical data centers in favor of doing their data storage and processing on private Internet clouds, which provide computing services for a particular enterprise behind a secure firewall. The startup’s business is a mix of software and services, much like Cambridge Technology Partners, a consulting firm for client server systems integrations that Greendale helped found in 1991.

Cambridge Technology Partners went public in 1993 and hit a market cap of $5 billion, and is the inspiration for his new company’s name and mission. “It’s a major asset for us to be using this name,” Greendale says. “People get it, they say, ‘You’re Cambridge for the cloud.'”

With CloudTP (which is officially launching today), Greendale and his team are looking to help mostly large enterprises move their computing applications from running on their own physical data centers over to private cloud infrastructures managed by CloudTP. “It’s a fundamental shift in the way enterprise computing is going to be done,” he says. Most of CloudTP’s customers will have to be early adopters, as cloud computing for big enterprise data hasn’t hit the mainstream yet, due to security concerns. Setting up private cloud systems for these customers is important because existing, public cloud computing infrastructures such as Amazon Web Services don’t enable the customers to fully protect their data or work within company firewalls, he says. CloudTP is

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.