We are pleased to announce that Elastic Move, a leading Swedish Amazon AWS (“AWS”) partner is the third cloud specialist to join Co-native. Elastic Move adds further AWS competence, a strong cloud culture, well-known customers and geographic presence in the south of Sweden. With Elastic Move, Co-native is able to offer one of the largest clusters of AWS experts in Sweden – together with leading Microsoft Azure-capabilities building a multi-cloud powerhouse.

Founded in 2009, Elastic Move is a Swedish cloud specialist, 100% focused on Amazon’s cloud AWS and providing business critical cloud solutions. Elastic Move offers consulting (strategy, migration, design and security), recurring service contracts (CloudOps and managed services) and AWS cloud capabilities. Operating mainly from Lund with offices in Karlstad and Kalmar, Elastic Move is enjoying +25% annual growth and serves global enterprise customers with industry leading customer satisfaction.

Together with Co-native’s group company Buzzcloud, we can now offer close to 40 highly qualified AWS-experts, making it one of the leading clusters of AWS experts in Sweden, covering the main three regions Stockholm, Gothenburg and Lund/Malmö. As a group with Elastic Move, Co-native reaches a 130 people strong organisation for cloud services and more than SEK 240 million forecasted revenue in 2023.

As part of Co-native, Elastic Move will retain their autonomy, specialist culture, organisation, corporate brand, management and customer relations. Co-native, meanwhile, will enable Elastic Move to utilise group synergies to meet growing requirements for sales and recruitment. Employees will continue to work in a cloud specialist company environment, and benefit from new group collaborations and additional career paths, while becoming shareholders in Co-native.

“With Co-native, we have found the right partner for Elastic Move and our company’s future growth journey. Having evaluated several alternatives, we think Co-native offers both the right business understanding and cultural fit, based on entrepreneurship and cloud skills. As a company we will continue to build on our own strong company culture, while enjoying the resources and synergies in a larger group with both AWS and Azure capabilities, as our customers are already multi-cloud”, says Per Sevrell, co-founder and CEO of Elastic Move

“We are happy to welcome Elastic Move to our group of cloud specialists, adding both a strong cloud culture, unique AWS competence, and great team based in the south of Sweden. With Elastic Move we have taken an important step to create a multi-cloud powerhouse and are excited to start working together”, says Fredrik Arnander, Executive Chairman, Co-native

Contacts and more information

Fredrik Arnander, Executive Chairman, Co-native, +46 70 568 24 10,
[email protected]

Linus Lindström, CEO, Co-native, +46 76-622 68 02,
[email protected]

Johan Möllerström, Partner, Segulah VI Advisor AB, +46 72 543 79 11,
[email protected]

About Co-native

Co-native – “The Home of Nordic Cloud Specialists” – is the Nordics' first multi-cloud services group and currently consists of Xenit (Microsoft Azure), Buzzcloud (AWS) and Elastic Move (AWS). The group is expected to turn over more than SEK 240 million in 2023 with healthy profitability, now employs 130 people and covers the main Swedish geographies Stockholm, Gothenburg and Lund/Malmö. Co-native grew 90% in the last 12 months organically and through acquisitions. For cloud specialists, our ambition is to be the most attractive alternative for their future growth and value-creation. To customers, we offer the best solutions for cloud and digital transformation. Co-native was co-founded in 2022 by Fredrik Arnander (a tech entrepreneur and investor) together with Linus Lindström and Robin Kindberg (the founders of Xenit). They build Co-native on a strong experience of the cloud industry, tech entrepreneurship and investments. In 2022, Co-native joined forces with financial partner Segulah.

About Elastic Move

Founded in 2009 and with a full cloud-focus, Elastic Move is based in Sweden with 100% AWS certified cloud engineers. Services include Cloud Migration, Cloud Optimization, Digital Transformation and Cloud Security. Elastic Move – with the tagline “Your Guide in the Cloud” – operates mainly from offices in in Lund, Karlstad and Kalmar with currently 24 people. The company is growing +25% per year with double-digit profitability. Elastic Move is an awarded “Dagens Industri Mästargasell”, having displayed continuous growth and profitability over several years. A well-established AWS expert, Elastic Move has reached Advanced Tier Services Partner, Solution Provider, Public Sector Program and AWS Marketplace Skilled Consulting Partner. Furthermore, Elastic Move has a strategic delivery partnership with the global ERP provider Infor.

About Segulah

Segulah, with the mission statement “We Invest in the Backbone of Modern Society”, is a private equity firm focused on mid-market buyouts in the Nordic region, investing within three verticals – B2B services, IT & technology services and light manufacturing – areas where team members have a long-standing and proven track record. Opportunities are targeted in markets benefitting from macro trends relevant for the Nordic region. The business model builds on active ownership adding capital, industrial competence and strategic focus. Segulah Advisor AB is the exclusive investment advisor to the funds Segulah IV, Segulah V and Segulah VI.

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