Lemongrass Secures $10 Million Series C Financing Round Led by Blue Lagoon Capital

Atlanta (ots/PRNewswire) - Global SAP® on AWS® services firm announces infusion
of experienced board members and leadership team to bring renewed commitment to
strategic vision and accelerate sales, marketing and execution of aggressive
product roadmap.

Lemongrass Consulting (https://lemongrassconsulting.com/), the leading
professional and managed service provider of SAP enterprise applications running
on AWS hyperscale cloud infrastructure, today announced it has completed a $10
million Series C round of financing. Blue Lagoon Capital (https://www.blu.biz/)
led the investment round with participation from existing investor Columbia
Capital. The investment brings Lemongrass's total funding since launching its
services to $29.3 million and will enable the company to build out its senior
leadership team, broaden and accelerate product development, and aggressively
expand its sales and marketing efforts.

Lemongrass, founded in 2008 by Eamonn O'Neill and Walter Beek, is recognized as
the leading professional and managed service provider focused solely on the
complex task of running SAP on AWS. The company provides end to end support for
the entire client lifecycle spanning discovery, landing zone build out, workload
migration and implementation at scale, and ongoing operational services.
Additionally, the company has developed a cloud management platform, MiCloud
(https://lemongrassconsulting.com/sap-automation/), widely recognized as the
most sophisticated set of purpose-built tools to facilitate the migration of SAP
to the AWS cloud, and to support the on-going operation of the resulting SAP on
AWS environments. Automation includes a full suite of migration, build and
steady-state run services, self-service deployments and self-healing
capabilities.

Lemongrass works with leading enterprises, across multiple verticals in the
Americas, EMEA and APAC. The company has been working with AWS since 2010, is a
Premier APN Consulting Partner, was the second company globally to achieve the
SAP on AWS capability and was just recently awarded the coveted AWS Migration
Competency award, in addition to the AWS Managed Services Competency award, in
recognition of the thousands of SAP systems that they have migrated with a 100%
success rate.

"Lemongrass is an exceptional company. The magnitude of their vision and the
quality of their solutions positions them well to dominate the SAP on AWS growth
market," said Rodney Rogers (https://en.wikipedia.org/wiki/Rodney_J._Rogers),
Co-founder and General Partner, Blue Lagoon Capital. "We could not be more
delighted about this investment."

In addition to the investment, Rogers will join Lemongrass as Chairman of the
Board. Rogers is an expert technologist with more than 30 years of success in
the technology services industry, recognized most recently for his leadership as
Virtustream's co-founder and CEO, a technology startup that achieved a
billion-dollar+ valuation through its acquisition by EMC in 2015. Also, new to
the Board is Kevin Reid, co-founder and CTO of Virtustream and co-founder and
General Partner at Blue Lagoon Capital. Kevin is a technology entrepreneur with
over 30 years of experience creating software enabled solutions that deliver
efficiency, enable innovation and drive superior financial results for
enterprises worldwide.

The company also announced new appointments to round out the global management
team and bring aboard the additional experience needed to support Lemongrass's
next era of growth and maturity.

Mike Rosenbloom joins the company as the Group CEO. Mike has over 25 years in IT
Leadership and comes to Lemongrass from Accenture where he was Managing Director
for the company's Intelligent Cloud & Infrastructure business
(https://www.linkedin.com/company/accenture/).

Walter Beek, previous Group CEO of Lemongrass, will continue with the company in
the role of Co-founder & Chief Innovation Officer and will focus on his passion
for driving the innovation agenda for the company's services and the MiCloud
platform.

"These are exciting times for Lemongrass and the momentum we have in our
business is evident." said Beek. "Our business has ambitious goals to pursue and
achieving them will require immense skill, rapid growth and scale, and
collaborative leadership. The addition of Rodney, Kevin, Mike and the rest of
the new executives to our current accomplished team marks an important milestone
in Lemongrass's evolution. I'm confident we will grow faster, innovate as never
before, and truly differentiate ourselves in this market."

Other new leaders joining Lemongrass's executive leadership team at this time
are:

Mike Provenzano, Chief Financial Officer

- Mike has over 25+ years of high-tech and software executive
experience providing strategic, financial and operational
leadership to both public and private companies at various stages
of their development. Prior to Lemongrass, Mike was CFO of
Virtustream, a cloud services and software provider.

Lisa Desmond, Chief Marketing Officer

- Lisa brings 20+ years of experience in global IT marketing creating
and operationalizing marketing visions for entrepreneurial tech
businesses. Lisa was most recently CMO for Beep, an autonomous
mobility solutions company, and before that, she was the CMO of
Virtustream.

"The most exciting days for Lemongrass are ahead. This is a remarkable team and
I am honored to be a part of this journey," said Mike Rosenbloom, Lemongrass's
new CEO. "This latest funding and the strategic addition of these key leaders
will drive exponential growth, enable strategic investments 'ahead of the
curve', increase operational discipline, and inspire our team to be the absolute
best as we execute on our commitments to our customers, partners, and
investors."

About Lemongrass

Lemongrass Consulting, headquartered in Reading with operations in all global
geographies, was established in 2008 as a specialist SAP Technology consultancy.
Lemongrass specializes in the implementation, migration, operation, innovation
and automation of SAP on AWS, covering both the SAP Business Suite and Business
One applications. The company is an AWS Premier partner, an Advanced APN
Consulting Partner, an AWS accredited Managed Service Provider and was the
second company globally to achieve the SAP on AWS capability.

To learn more about Lemongrass, visit https://lemongrassconsulting.com/.

Contact: Amanda Sumner, Lemongrass Consulting, asumner@lemongrassconsulting.com
| +44 (0) 844-357-7863

Additional content: https://www.presseportal.de/pm/140364/4491883
OTS: Lemongrass Consulting

Original-Content von: Lemongrass Consulting, übermittelt durch news aktuell