Bangalore-based software and application development company Aditi Technologies has acquired Seattle-based Cloud computing start-up Cumulux for an undisclosed sum, the company has said in a statement today.
Founded in 2008 by former Microsoft employees Paddy Srinivasan and Ranjith Ramakrishnan, Cumulux has additional offices in Chicago and Chennai. The company focuses on areas like business analysis and architecture, enterprise architecture, portfolio analysis, Cloud computing ROI analysis and Cloud computing roadmap planning. Its key clients include GE, Ford, Microsoft, SAP, Restaurant.com and UNICEF, among others, according to its website.
“Aditi is betting its business on the Cloud. We are excited to join forces with Cumulux and this partnership makes us the leader in Azure-based transformation,” said Pradeep Rathinam, CEO of Aditi Tech.
“We believe that the adoption of Cloud will be key competitive advantage for our customers and we are committed to helping them strategically leverage Azure. To accelerate the Cloud adoption, we are investing $5 million or Rs 25 crore in Azure Acceleration Lab – an Azure-based rapid application development offering,” he added.
With this acquisition, Aditi will leverage Microsoft alignment aggressively to roll out the Cloud services proposition to the ISV and enterprise markets in the USA, the UK and India. The company will also hire over 130 Cloud developers to create a Cloud services platform.
“Cumulux is a valuable partner for Windows Azure in the ecosystem and having them combine with the scale and depth of Aditi will give our customers a tremendous opportunity,” said Jenni Flinders, vice-president for the US Partner Group at Microsoft.
Aditi was founded by technology entrepreneur Pradeep Singh in 1994 and currently employs more than 1,110-plus people. It specialises in software & applications development on the Microsoft platform and happens to be a national system integration partner to Microsoft. Aditi also owns offices in Seattle, New York, Boston, London, Mountain View and Jakarta.
In September this year, Chennai-based Vembu Technologies, which provides Cloud-based data backup and retrieval solutions to small businesses, has acquired CloudNucleus (hailing from the same domain) for an approximate value of $10 million.
According to a recent study by EMC Corporation and Zinnov Management Consulting, Cloud computing in India is estimated to grow ninefold to reach a market value of $4.5 billion or Rs 22,500 crore by 2015, as against the current size of $400 million.
The Cloud adoption market is likely to grow at 60 per cent and will account for $3.5 billion in revenues, creating one lakh jobs by 2015 as against 10,000 today, the study has revealed.
Total spends on Cloud computing as a proportion of total IT spends is expected to rise from 1.4 per cent in 2010 to 8.2 per cent in 2015. IT/ITeS, telecom, BFSI, manufacturing and government sectors will be largest customers of the Cloud market in India, grabbing nearly 78 per cent of the total market share, as per the report.
Private Cloud deployments might result in potential savings of up to 50 per cent on the IT investments as compared to legacy IT models, with cost optimisation in segments like telecom and networking, facilities and fabric, hardware, software, internal labour and external IT services, the report has stated.