LONDON, September 28, 2022 /PRNewswire/ — ShapeBlue, the CloudStack company, today announced that it has become a 100% employee-owned company: owned by all of its employees for the benefit of all of those employees.
100% of the company’s shareholding is now held by an Employee-Owned Trust (EOT) for the benefit of its staff, while the existing management team remains in place with no planned changes to the company’s strategy .
The company, with offices in London, bangalore, The cap and Sao Paulo, are the world’s largest independent CloudStack technology integrator. The move to employee ownership was chosen as a mechanism to protect the company’s long-term mission and their involvement in the Apache CloudStack open source project as well as to distribute the company’s value among its team.
Gilles SiretteCEO of ShapeBlue, said, “I am very proud to say that ShapeBlue is now 100% employee owned. This secures our future as an independent company and allows us to continue to serve our customers through our deep involvement with Apache Cloud Stack.”
Sirett continued, “This ownership change model does not affect our growth and technical strategies, service offerings and day-to-day operations – becoming employee-owned does not affect our mission or ambitions as a company. Our management team remains unchanged, and I am very much looking forward to leading the company through this next phase of its development. However, this changes our overall goal – we are no longer a company whose ultimate goal is to make gains for a small group of shareholders. The ultimate power and value of this company has passed from its shareholders to the people who generate that value: its employees.”
Employee ownership is one of the fastest growing models of corporate ownership. In the UK alone, there are now over 1,000 employee-owned businesses, with the sector having more than doubled in the past three years.
The rapid pace of business growth took off with the use of the Employee Ownership Trust (EOT), introduced by the UK government in 2014 to encourage long-term employee ownership, and one in 20 private company sales. is now destined for an EOT. , with ShapeBlue joining a network of EOTs in the UK that includes Richer Sounds and Go Ape.
James of Le Vingne, CEO of the Employee Ownership Association (EOA), said, “We commend ShapeBlue on its transition to employee ownership; securing the company’s ethics, values and culture. Companies that give employees a stake and a say build trust and shared responsibility, uniting leaders and employees behind a common goal, and leaving companies in a better position to adapt and adapt. “
About ShapeBlue
ShapeBlue is the world’s largest independent CloudStack technology integrator and specializes in the design and implementation of IaaS cloud infrastructures for private and public cloud implementations. The company combines hundreds of person-years of experience designing and building complex network, storage, and compute infrastructures with industry-leading skills in Apache CloudStack. Their services include consulting, integration, training and infrastructure support.
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