New Presidio CEO Bob Cagnazzi, who now leads one of North America's largest Cisco Systems partners, has cloud computing on his mind. Cagnazzi was named Presidio's CEO effective immediately -- as part of Presidio's buyout of BlueWater Communications Group.

I doubt Presidio will transform into a pure cloud services provider (CSP). But it's a safe bet Presidio will blend its existing Cisco, EMC, unified communications and managed services expertise with a growing portfolio of cloud services.

Cagnazzi has spent the past five years building BlueWater into one of Cisco's fastest-growing channel partners. BlueWater also has a successful managed services business practice. But in recent months, Cagnazzi and BlueWater reached an inflection point.

"We looked at cloud computing -- public clouds and private clouds -- and the consumerization of IT," said Cagnazzi. "Some of those trends are still emerging and evolving. Do we wait a bit for the market to get clearer, or do we make a big move now to get well ahead of the curve -- perhaps even being 12 months ahead of some IT trends?"

Ultimately, Cagnazzi said, the BlueWater team pursued a mass-scale strategy to get ahead of the cloud computing and cloud services curves. The strategy apparently involved hiring Foros, a financial services firm that provides M&A and corporate finance guidance. The strategy also involved checking in with Cisco Systems, on a confidential basis, to discuss any potentially big strategic moves.

The result: The blockbuster combination of Presidio buying BlueWater, and Cagnazzi shifting into the CEO slot at Presidio, which already has more than 2,000 IT professionals across 50 offices in North America.