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Alpha Transform Holdings Portfolio Company Cloudbench Announces Tom Richer to Assume Role as Chairman and CEO

Former Google and Microsoft ecosystem executive assumes the helm of the fast-growing, private-equity backed AI and Web3 consultancy

Tampa, FL, May 24, 2024 (GLOBE NEWSWIRE) -- Cloudbench, a leading emerging technology consulting startup and Google partner, today announced Founder Tom Richer has assumed the role of Chairman and Chief Executive Officer.

Richer, who founded Cloudbench in late 2023, is a seasoned executive with 30 years of experience scaling technology consulting businesses for global systems integrators such as Deloitte, Capgemini, Cognizant and tech giants such as Microsoft, IBM, and HP.  Previously the GM and Head of the Google Business Group, Americas at Wipro, Richer specializes in leading emerging technology consulting businesses across industries and client segments.  He has startup founder and CEO experience with DevLogics and The Richer Group along with being a startup advisor on Cornell’s Entrepreneurship Council.  Richer holds an MBA from Cornell University and a degree in MIS from Iona University.

“I founded Cloudbench to advance its mission of transforming the underserved startups and midmarket businesses with cutting edge AI and Web3 technology,” said Richer. “Cloudbench solves the biggest challenges in AI and Web3 adoption in these segments: complexity and cost.”

“There’s so much to be excited about with Cloudbench and we are proud to have them as a portfolio company,” added Enzo Villani, CEO of Alpha Transform Holdings. “Startups and midmarket customers particularly value Cloudbench’s rapid approach to developing and infusing AI and Web3 solutions into their businesses.  Tom’s strategic vision, track record in transformational leadership, and sheer passion for startups and emerging technology makes him incredibly well-suited to lead Cloudbench through this phase of growth.”

About Cloudbench
Cloudbench is at the forefront of value-driven emerging technology consulting, with a focus on Artificial Intelligence, empowering businesses to harness the limitless potential of AI and Data. Our mission is to rapidly help small and medium clients enable, embrace, and manage AI and Data to unlock innovation and drive growth.  Cloudbench is an official Google Cloud partner, a member of the Google Cloud for Startups program and a portfolio company of Alpha Transform Holdings.  Learn more at www.cloudbench.net.

About Alpha Transform Holdings
Alpha Transform Holdings (ATH) is an investment and advisory organization that focuses on fintech, AI and digital assets. ATH’s principals have a track record of early investment in ventures that have become “unicorns” and other industry-leading ventures, and its principals take an active role in driving the success of their portfolio companies. Visit: https://www.alphatransform.io/



DISCLAIMER
This is for informational use only. This is not investment advice. Other than disclosures relating to Alpha Transform Holdings (ATH) and Alpha Sigma Capital (ASC) this information is based on current public information that we consider reliable, but we do not represent it as accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our information as appropriate.

Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this press release.

The information on which the information is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, the company website, the company white paper, pitchbook, and any other sources. While Alpha Sigma Capital has obtained data, statistics, and information from sources it believes to be reliable, Alpha Sigma Capital does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.

Unless otherwise provided in a separate agreement, Alpha Sigma Capital does not represent that the contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Alpha Sigma Capital and its officers, directors, and employees shall not be responsible or liable for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.

Crypto and/or digital currencies involve substantial risk, are speculative in nature, and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.


Sandra Ditore
info (at) alphasigma.fund

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