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Infosys Invest $4mn in Israeli Startup Cloudyn

by Chinmay Bidkar
August 3, 2016
in News
Reading Time: 1 min read
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Infosys launches solutions for small finance, payments banks
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03 August 2016, India :

Infosys stated it had bought a minority stake in Cloudyn, an Israel-based cloud management and optimisation provider, by investing $4 million.

This is the eighth investment by the company after it formed the $500 million ‘Innovation Fund’ to invest in start-ups focused on cloud and other digital technologies.

Israeli-based Cloudyn is a start-up that enables corporates to monitor their cloud computing usage and optimise its usage. Cloudyn supports multiple infrastructure services including Amazon Web Services, Microsoft Azure, Google Cloud and OpenStack, and has 80 per cent of its customers in the US.

“Cloudyn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth,” Infosys said in the filing.

The aggressive approach of partnering with start-ups focused on disruptive technologies underscores Infosys chief executive Vishal Sikka’s so-called “New and Renew” strategy to reinvigorate India’s second-largest software services company.

Also Read- Infosys Might Invest $15Mn in Stellaris Venture Partners

 

Tags: CloudynfundingInfosysIsraeli Startupstartups
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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