Elastic Move joins Co-native
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We are pleased to announce our joining of Co-native, the new Nordic cloud specialist group. This move allows us to add our AWS competence, strong cloud culture, well-known global enterprise customers, geographic presence, and headquarters in the south of Sweden to Co-native—building a multi-cloud powerhouse.
Co-native, “The Home of Nordic Cloud Specialists,” is the Nordics’ first group of cloud specialist companies, offering customers tailored 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 AB. The group has a strong experience in the cloud industry, tech entrepreneurship, and investments. In 2022, Co-native joined forces with financial partner Segulah.
As part of Co-native, we will retain our autonomy, name, specialist culture, organization, corporate brand, management, customer relations, and legal entity. Employees will continue to work as normal, enabling us to better utilize group synergies and meet growing requirements for sales and recruitment.
“We are excited to welcome Elastic Move to our group of cloud specialists, adding both a strong cloud culture, unique AWS competence, and a base in the south of Sweden. Co-native’s ambition is to be the most attractive alternative for cloud specialists, and we are happy that Elastic Move choose us for their future growth journey” - Fredrik Arnander, Executive Chairman, 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” - Per Sevrell, co-founder and CEO of Elastic Move
Contacts and more information
Per Sevrell, CEO, Elastic Move, +46 76 872 81 28, per.sevrell@elasticmove.se
Fredrik Arnander, Executive Chairman, Co-native, +46 70 568 24 10, fredrik@co-native.com
Linus Lindström, CEO, Co-native, +46 76-622 68 02, linus@co-native.com
Johan Möllerström, Partner, Segulah VI Advisor AB, +46 72 543 79 11, mollerstrom@segulah.se
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, Linus Lindström, and Robin Kindberg. They built Co-native on a strong experience in the cloud industry, tech entrepreneurship, and investments. In 2022, Co-native joined forces with financial partner Segulah.
Co-native website: www.co-native.com
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 to 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.
Segulah website: www.segulah.com
About Elastic Move
Founded in 2009 with a full cloud focus, Elastic Move is based in Sweden with 100% AWS-certified cloud engineers. The cloud specialist is an advanced consulting partner for business-critical cloud solutions and an official Infor Delivery Partner. 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 Lund, Karlstad, and Kalmar with currently 24 people. The company is growing by +25% per year with double-digit profitability. Elastic Move was recently awarded “Dagens Industri Mästargasell”, having displayed continuous growth and profitability over several years.
Elastic Move website: www.elasticmove.com
