Tailwind Capital

Company acquired: AST Corp.

Head count: 500

Annual revenue: $100 million

Purchase price: undisclosed

Date of announcement: Feb. 8

New York private equity company Tailwind Capital bought a majority stake in Oracle cloud superpower AST Corp., aiming to take the company from a $100 million reseller with 500 employees to a $1 billion company, the largest pure play Oracle cloud systems integrator in the world.

Tailwind, which has had previous success in the technology services market, is set to provide financial and management muscle to achieve that goal, according to a company statement.

AST is an Oracle Platinum partner – over 90 percent of its workforce is cloud certified – that regularly competes against companies including IBM, PwC, Deloitte, CSC and Accenture for high-profile customer engagements.