Japan’s NTT Data, a Fortune 500 company and fourth largest telecom firm in the world in terms of revenue, has invested an undisclosed amount of funds in Pune-based CloudHedge Technologies for a capital stake in the later. CloudHedge is a young startup that helps businesses to transform its business, operating and technology models to be cloud-ready through innovative suite of tools that the startup has developed.
The investment in CloudHedge by Tokyo-hardhearted NTT Data was announced in a press release published on June 21. CloudHedge’s services will be integrated with NTT Data’s digitalization technologies, focusing on legacy digital integration utilizing existing IT assets to accelerate the digital transformation of customers of NTT Data, which has its business operations in over 50 countries.
Abhijit Joshi, Co-Founder, and CEO of CloudHedge, said in a statement, “The partnership with NTT DATA as well as the funding enables the evolution of the CloudHedge platform. This partnership will also allow expansion of offerings in multiple geographies with NTT DATA to support increased client and product demands. CloudHedge accelerates the growth of many customers to take advantage of cloud-native technologies like containers and Kubernetes in their modernization initiatives.”
CloudHedge, that develops and sells technologies and know-how for the containerization of applications and DevOps processes, has suites of tools and one of them called ‘Discover’ uses Machine Learning algorithm to make recommendation if the applications are appropriate for re-hosting or refactoring.
CloudHedge’s another flagship product ‘Transform’ enables refactoring of applications sitting in a Data Center or Cloud. It automates containerization of application based on workloads. The other flagship tool ‘Transform’, which has AI-based predictive monitoring, enables refactoring of applications sitting in a Data Center or Cloud by automating containerization of application based on workloads.
Founded in 2017, by Abhijit Joshi and Asawari Joshi, who are both alumni of New Jersey Institute of Technology, CloudHedge is headquartered in India and has a global presence in Singapore, Netherlands, and U.S. The startup has deep partnerships with Amazon Web Services (AWS), Google Cloud Platform, RedHat and IBM Cloud.
NTT Data Asia Pacific, an NTT Data company, and CloudHedge have jointly engaged in container and DevOps business since 2018. Following this stock acquisition, NTT Data plans to strengthen this partnership with CloudHedge to expand its business in the containerization and DevOps markets of Japan, Europe and North America.
Reference – telecompaper