Summary: Pamlico Capital acquired a stake in 10th Magnitude, a Chicago-based integrator with managed application and cloud consulting capabilities and a focus on Azure. The company disclosed a three-year growth rate of 287%. Pamlico is also an investor in Denver-based HOSTING, a managed hoster that has also built out a managed third party cloud business. Consulting and managed services shops focused on third party clouds have increasingly become acquisition targets for hosters and service providers as the requirements from customers now cross areas that both hosters and integrators have respective strengths in: infrastructure hosting and management, along with migration, application management, optimization and monitoring.
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