DoiT International Announces Investment by Charlesbank

BOSTON, Nov. 01, 2019 (GLOBE NEWSWIRE) — DoiT International ("DoiT" or the "Company"), a leading provider of proprietary public cloud optimization and operations software and public cloud expertise, today announced that Charlesbank Technology Opportunities Fund, a fund managed by Charlesbank Capital Partners, along with affiliated investors, has invested over $100 million in the Company. DoiT is on track to more than double revenue in 2019, and this investment will enable the Company to invest in its software platform, scale its global team of cloud architects, grow its presence in North America and Europe, and pursue strategic acquisitions. Prior to this investment, DoiT had not taken any outside investment.

DoiT's offering delivers significant value to its growing base of technology customers, providing support for public cloud workloads with complex requirements such as multi–cloud Kubernetes deployments, real–time data and analytics, and machine intelligence. Its software platform uses machine learning to enable customers to right–size workloads and optimize their public cloud spend across any of the three major public cloud providers. DoiT's solution provides meaningful cost savings to customers within 90 days of their being onboarded, and the Company's engineering consultancy helps customers architect applications and deployments optimally for multi–cloud environments. Founded in 2011, DoiT has offices in Tel Aviv, San Francisco, New York, Austin, and London.

"Our goal is to help our customers harness the power of public cloud technologies in the most efficient way, freeing up their resources to invest in providing the best products to their customers," said DoiT's founder, Vadim Solovey. "This investment by Charlesbank will allow us to accelerate development of our platform's multi–cloud capabilities and support for the three major public cloud platforms."

Added Yoav Toussia–Cohen, CEO and co–founder of DoiT, "Today's announcement marks a major milestone in our journey as we build DoiT into a global company. We are pleased to be partnering with Charlesbank, who is well–aligned with our vision and will help us extend our presence globally, providing more companies with our solutions."

"DoiT has built an impressive solution that enables some of the most sophisticated cloud users to adopt the latest technologies from Google, Amazon, and Microsoft, while optimizing their public cloud usage," said Darren Battistoni, a Managing Director at Charlesbank who will join the DoiT Board of Directors. "Having spoken to many of their customers, it is clear that DoiT's combination of innovative software and best–in–class technical capabilities provides the trusted external support that customers need to address the ongoing challenges associated with complex public cloud deployments. We are thrilled to partner with the talented DoiT management team, in what is the second investment for Charlesbank's Technology Opportunities Fund."

MVP Capital served as the exclusive financial advisor to DoiT International, with Bain Capital Credit and Deutsche Bank Direct Lending providing financing for the transaction.

About DoiT International

DoiT International tackles complex problems of scale that are unique to technology customers, using its expertise in coding, algorithms, complexity analysis, large–scale system design, and resolving problems. Driven by highly experienced, senior–level cloud architects, DoiT International offers a leading go–to innovation team that can help you make the cloud yours. For more information, please visit doit–intl.com.

About Charlesbank Capital Partners

Based in Boston and New York, Charlesbank Capital Partners is a middle–market private equity investment firm managing more than $5 billion of capital. Charlesbank focuses on management–led buyouts and growth capital financings and also engages in opportunistic credit and technology investments. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com.

Contacts

For DoiT International:
Vadim Solovey
General Manager
vadim@doit–intl.com

For Charlesbank Capital Partners:
Maura Turner
Vice President, Communications and Investor Relations
(617) 619–5457
mturner@charlesbank.com

The Rapid Decline in Civic Freedoms: 5 Countries to Keep an Eye on

Protests in Egypt. Credit: @oxfamNovib

By Ine Van Severen
JOHANNESBURG, Nov 1 2019 – 2019 has been a year of protest. From Algeria, to Chile, to Hong Kong, ordinary people have taken to the streets to voice their dissatisfaction with governance systems. Their causes are as diverse as the people pouring into the streets.

Public grievances range from corruption, anti-austerity measures, and electoral irregularities. The reasons for the mass mobilisations may differ, but the response by those in power are becoming alarmingly similar.

In far too many countries, the response has been to shut down the space for people to organise and to persecute those calling for change.

The new civic space watchlist by the CIVICUS Monitor shines a spotlight on Hong Kong, Colombia, Egypt, Guinea and Kazakhstan where there are escalating rights violations against activists, journalists and civil society groups.

In particular, this shortlist profiles a sample of countries where there are serious and ongoing attacks against the freedoms of peaceful assembly, expression and association.

In Hong Kong, there has been a continued deterioration of civic space since millions of people took to the streets on 9th June 2019 to protest against a proposed extradition bill, which would allow individuals, including foreigners, to be sent to mainland China to face trial in courts controlled by the Chinese Communist Party.

In response to weekly protests, human rights groups have documented excessive and unlawful force by security forces against protesters with impunity, including the use of truncheons, pepper spray, tear gas and rubber bullets. Journalists have also been targeted.

More than 1,300 people have been arrested in the context of the mass protest and some activists have also been attacked by pro Beijing mobs.

In Egypt, recent anti-government protests resulted in mass arrests and the use of excessive force by the authorities. Thousands of people have been arrested since the protests started in September, including journalists, human rights lawyers and activists. Many of those arrested have been charged on dubious grounds of using social media to spread false news, aiding terrorist groups and for participating in unauthorised protests.

The crackdown has also expanded to target the political opposition and anyone deemed to be connected to protests dating all the way back to 2011.

In Guinea, tensions have been on the rise since Guinea’s ruling party made a public call to change the constitution, which could abolish presidential term limits. The West African country is set for 2020 presidential elections and the current president, Alpha Condé, is not eligible under the current 2010 constitution.

During three days of protests in October against the proposed constitutional changes, at least nine people were killed and several protesters and protest leaders arrested. According to human rights organisations in Guinea, the plans for a new Constitution may destabilise the country and lead to renewed violence.

Since presidential elections this past June in Kazakhstan, human rights abuses have hit a new high in the former Soviet state. Post-election protests have seen police and special forces detain several thousand peaceful protesters, often with excessive force.

In addition, the authorities have obstructed the work of journalists and electoral observers, as well as periodically blocking access to social media and messenger applications. The repression has cast a shadow on the elections and the beginning of Tokayev’s period in office.

Colombia is the fifth country on the Monitor Watchlist, which remains one of the most dangerous places in the world to be a human rights defender. Dozens of community leaders have been killed this year as well as 7 political candidates running for local office in an election campaign marked by violence. Impunity for such crimes has been the rule.

The country is further backsliding into violence as post-conflict communities are left vulnerable to dissident armed groups and commanders of the Revolutionary Armed Forces of Colombia (FARC) announce their intentions to take up arms again, nearly three years after the historic peace accord with the Colombian government was signed.

While protests flare in all regions of the world, it is of utmost importance that people are able to freely express dissent without authorities using excessive force against them. Instead of using violence against protesters and restricting fundamental freedoms, governments should seek solutions by listening to the grievances of ordinary citizens and dissenting voices.