TeraSky Company Profile

Background

TeraSky, founded in 2010, is a global provider of innovative digital solutions and cloud services. The company specializes in multi-cloud, cloud-native, and modern IT technologies, assisting businesses in navigating digital transformations and optimizing their IT infrastructures. With a mission to accelerate progress and deliver sustainable, meaningful business outcomes, TeraSky has established itself as a significant player in the IT services industry.

Key Strategic Focus

TeraSky's strategic focus encompasses:

Multi-Cloud and Cloud-Native Solutions: Providing expertise in managing and integrating services across multiple cloud platforms.

Platform Engineering: Designing and building application and data infrastructures in clouds and data centers.

Managed Services: Offering comprehensive managed services to enhance operational efficiency and cost optimization.

Cost Optimization: Implementing FinOps strategies to manage and reduce cloud expenditures.

The company leverages key technologies such as Kubernetes, microservices, containerization, and automation to serve a diverse clientele, including sectors like finance, technology, pharmaceuticals, government, and defense.

Financials and Funding

In January 2023, TeraSky secured a significant investment from Boston-based Abry Partners. This investment aims to strengthen TeraSky's presence in Israel and accelerate its expansion into global markets, particularly in the USA and Europe. The funding underscores confidence in TeraSky's innovative approach and strategic direction.

Technological Platform and Innovation

TeraSky distinguishes itself through:

Proprietary Technologies: Development of unique solutions tailored to client needs, including cloud-native applications and multi-cloud management tools.

Scientific Methodologies: Utilization of advanced methodologies such as Kubernetes for container orchestration and VMware Aria Cost for cloud cost management.

AI-Driven Capabilities: Engagement in AI and machine learning initiatives, exemplified by participation in AWS's generative AI competitions.

Leadership Team

TeraSky's leadership comprises seasoned professionals:

Michael Burstein: Founder and President, with over 40 years of experience in IT entrepreneurship and management.

Ofir Abekasis: Founder and CEO, leading global strategy and growth, with a background in strategic development and solution architecture.

Tehila Oz: CFO, bringing over two decades of financial expertise, including roles at Ernst & Young and Ceragon Networks.

Oded Avital: COO, with extensive experience in sales, business development, and operations in both corporates and startups.

Lev Andelman: Founder and CTO, specializing in anticipating future technological needs and selecting leading solutions.

Tal Shatz: Founder and CSO, responsible for creating TeraSky’s vision and executing business initiatives.

Orit Harlev: VP Sales, with over 20 years of experience in complex sales processes and managing existing customers.

Maxim Smirin: VP Cloud Sales, previously Co-Founder and VP of Business Development for TeraSky End User Computing.

Lir Shif: Chief Business Development Officer, combining deep technical expertise with a customer-centric approach.

Orly Garini-Dil: VP Marketing, with nearly 20 years of B2B and B2C marketing management experience.

Dmitrijus Kirjackis: General Manager Central Europe, experienced in B2B and B2C businesses.

Marcus Thompson: Director of Business Development, UK.

This team drives TeraSky's mission to deliver innovative and effective technology solutions.

Leadership Changes

In 2024, TeraSky appointed Eli Shacked, former VMware Vice President of Strategic Sales, as Chief Revenue Officer to drive growth.

Competitor Profile

Market Insights and Dynamics:

The IT services industry is experiencing rapid growth, driven by increasing demand for cloud solutions, digital transformation, and managed services. Businesses seek partners capable of delivering comprehensive, innovative, and cost-effective solutions to navigate complex technological landscapes.

Competitor Analysis:

TeraSky operates in a competitive landscape alongside key players such as:

Accenture: A global professional services company offering a wide range of services in strategy, consulting, digital, technology, and operations.

Capgemini: A multinational corporation specializing in consulting, technology, professional, and outsourcing services.

Cognizant: An American multinational corporation providing IT services, including digital, technology, consulting, and operations services.

Infosys: An Indian multinational corporation offering business consulting, information technology, and outsourcing services.

These competitors focus on delivering comprehensive IT solutions, leveraging advanced technologies, and maintaining strong global presences.

Strategic Collaborations and Partnerships

TeraSky has established significant partnerships to enhance its market position and innovation capacity:

VMware: Achieved seven Master Service Competencies and recognized with multiple awards, including the 2023 Partner Value Award.

AWS: Recognized as the "Rising Star" Partner of the Year in 2021, reflecting strong collaboration and delivery capabilities.

Google Cloud: Named Google Cloud Partner of the Year in 2023, highlighting expertise in cloud solutions.

Microsoft: Formed a strategic alliance in 2024 to advance Azure cloud migration and generative AI solutions.

These collaborations enable TeraSky to offer a broad spectrum of services and stay at the forefront of technological advancements.

Operational Insights

TeraSky differentiates itself through:

Expertise and Certifications: Maintaining over 500 partner high-level certifications and master competencies.

Customer-Centric Approach: Working closely with clients to understand and address their unique business needs and goals.

Global Presence: Establishing offices in key markets, including New York City, to serve a diverse and international clientele.

These factors contribute to TeraSky's strong market position and ability to deliver tailored, effective solutions.

Strategic Opportunities and Future Directions

Looking ahead, TeraSky aims to:

Expand Global Footprint: Leverage recent investments to strengthen presence in existing markets and enter new ones.

Enhance Service Offerings: Develop and introduce new services, such as Cloud FinOps as a Service, to meet evolving client needs.

Invest in Innovation: Continue participating in cutting-edge initiatives, including AI and machine learning competitions, to stay at the forefront of technological advancements.

By building on its current strengths and strategic partnerships, TeraSky is well-positioned to achieve these objectives and drive future growth.