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NSEIT acquires a majority stake in an integrated cloud service provider cloudxchange.io

Mumbai, July 1st, 2021: NSEIT Limited, a wholly owned subsidiary of the National Stock Exchange of India Ltd (NSE) today announced acquisition of majority stake in an emerging leader in cloud services – Cloudxchange.io

Cloudxchange.io augments NSEIT’s vision to become a cloud native, niche & innovative digital solution provider for enterprises. The addition of new age cloud offerings of Cloudxchange.io in NSEIT’s digital transformation portfolio will further enhance its offerings to provide a complete 360° digital transformation suite for its enterprise clients. In recent times, entire industry has witnessed an exponential surge in cloud adoption especially during new normal. With this addition of Cloudxchange.io, NSEIT will offer end to end digital transformation solution from Cloud to Security.

Cloudxchange.io is an emerging leader in the cloud-based services. They are Multi Cloud Managed Services Provider i.e. for AWS, Azure, Google & Oracle Cloud. They have expanded its offerings to cloud consulting, multi cloud aggregation, cloud back-up & disaster recovery (DR), DevOps as a service and unified managed service. Cloudxchange.io has 250+ Enterprise clients across sectors including BFSI, manufacturing, logistics and government.

Cloudxchange.io is an emerging leader in the cloud-based services. They are Multi Cloud Managed Services Provider i.e. for AWS, Azure, Google & Oracle Cloud. They have expanded its offerings to cloud consulting, multi cloud aggregation, cloud back-up & disaster recovery (DR), DevOps as a service and unified managed service. Cloudxchange.io has 250+ Enterprise clients across sectors including BFSI, manufacturing, logistics and government.

Speaking on the occasion of this strategic announcement, Mr. Vikram Limaye, MD and CEO, NSE said, “In the current pandemic situation, India’s financial services sector is keeping high focus on running business as usual by migrating to virtual operations. This need of the hour has led to an increasing demand for secure, scalable, and cost efficient infrastructure, thus leading to higher levels of cloud adoption and cloud infrastructure spends. With the addition of Cloudxchange.io to NSEIT’s digital portfolio, NSEIT team will be poised to serve the growing demands of the financial services sector. NSE Group’s mission has been to support the growth of financial services sector and through NSEIT, we aim to diversify into emerging technologies and create a niche positioning for NSE.”

Cloudxchange.io’s acquisition is yet another milestone achievement for NSEIT after acquiring Aujas Cybersecurity Ltd. in 2019. Dr. N Muralidharan, CEO & MD, NSEIT said during this announcement, “NSEIT have been an integral part of the digital transformation journey for many of our enterprise clients. We have been proactive in bringing in niche digital transformation solutions to address on-going customer transitions in line with market demands. The Cloudxchange.io acquisition will give us an edge to provide an integrated solution by offerings cloud transition, knowledge driven digital transformation solution along with embedded cyber security”

In a joint statement, Co-Founders of Cloudxchange.io Mr. Vishal Chandane, Mr. Neelesh Kankane & Mr. Nilesh Rane , stated , “We are delighted and privileged to align our journey with NSE group. Association with NSEITwill give us the platform & reach to expand further into domestic & international markets. As we simplfy the cloud journey for our clients, we too accelerate our growth.”

Cloudxchange.io was founded by leading industry veterans in 2016 and in just five years of period has achieved 5X growth with happy set of customers.

About NSEIT

NSEIT Limited (100% subsidiary of NSE) is a global technology enterprise, focused on delivering excellence in complex digital environment primarily in banking, insurance, capital market ecosystem and online examinations.

NSEIT has three distinct business units – Digital Transformation, Digital Examinations & Cyber Security, which are built on the three base principles of “Passion for Excellence”, “Customer Centricity” and “Ownership” and powered by a 1500+ highly specialized workforce comprising certified technology & business domain experts.

With over 20+ years of expertise across large scale complex digital implementations for industries like banking, insurance & capital market, we have been recognized as the ‘Trusted Technology & Knowledge Partner’ for 150+ customers across India, US and Middle East

From providing seamless next-gen digital solutions across Application & Infrastructure modernization, Data & Analytics, Intelligent Process Automation and cyber security to owning and running India's largest network of 229 test centers across 227 Cities in India, NSEIT aims to catalyse the digital-native movement across the BFSI & Online Examination landscape by creating end-to-end business-enabling technology solutions.

For more information, please visit: https://nseit.com/

About Cloudxchange.io

Cloudxchange.io is a leading Multi-Cloud Managed Services Provider & established player in cloud based services. Cloudxchange.io offers enterprises un-rivalled choice and flexibility, helping them in selecting the cloud services best suited for business critical applications, workloads, and business requirements i.e. AWS, Microsoft Azure, Google & Oracle Cloud along with cloudxchange.io’s own cloud based value added services.

The Management Team at cloudxchange.io, comprises of highly qualified and experienced professionals, all geared up to lead cloud technologies. The team is a blend of technology and business visionaries who render strategic direction to cloudxchange.io executive team in an economic and business environment.

The Management team has a combined 50+ years of rich expertise in DC & Cloud Space. With our team’s industry experience and business wisdom, we deliver customized services, manage complex cloud-based solutions for Enterprise Class Workloads, harness the industry’s best practices, and provide the right perspective and guidance for every aspect of our operations. The Management team boasts of a distinguished group of leaders with a proven track record in the Data Centre & Cloud Services industry.

For more information, please visit: https://cloudxchange.io/

Online Coverage:

ET Telecom (PTI): https://telecom.economictimes.indiatimes.com/news/nseit-acquires-majority-stake-in-integrated-cloud-service-provider-cloudxchange-io/84405537

ET CIO: https://cio.economictimes.indiatimes.com/news/corporate-news/nseit-acquires-a-majority-stake-in-cloudxchange-io/84407864

Livemint: https://www.livemint.com/companies/news/nse-arm-buys-majority-stake-in-cloudxchange-11626251880602.html

Hindu Business Line: https://www.thehindubusinessline.com/info-tech/nse-tech-arm-acquires-majority-stake-in-cloudxchangeio/article35316690.ece

VCCircle: https://www.vccircle.com/nseit-acquires-majority-stake-in-cloud-service-provider-cloudxchange-io/

Tech Circle: https://www.vccircle.com/nseit-acquires-majority-stake-in-cloud-service-provider-cloudxchange-io/

UNI: http://www.uniindia.com/nseit-acquires-majority-stake-in-integrated-cloud-service-provider-cloudxchange-io/business-economy/news/2448466.html

BW Disrupt: http://bwdisrupt.businessworld.in/article/NSEIT-Acquires-Majority-Stake-In-Cloudxchange-io/14-07-2021-396577/

India Infoline: https://www.indiainfoline.com/article/news-sector-information-technology/nseit-acquires-a-majority-stake-in-an-integrated-cloud-service-provider-cloudxchange-io-121071400303_1.html

Startup planes: https://www.startuplanes.com/nseit-acquires-majority-stake-in-cloudxchange-io/

Outlook India (PTI): https://www.outlookindia.com/newsscroll/nseit-acquires-majority-stake-in-integrated-cloud-service-provider-cloudxchangeio/2120459

Devdiscourse (PTI): https://www.devdiscourse.com/article/business/1650846-nseit-acquires-majority-stake-in-integrated-cloud-service-provider-cloudxchangeio

CRN India: https://www.crn.in/news/nseit-acquires-a-majority-stake-in-an-integrated-cloud-service-provider-cloudxchange-io/

Business Journal: https://business-journal.in/technology/nse-tech-arm-acquires-majority-stake-in-cloudxchange-io-business-journal/

Yahoo Finance: https://in.finance.yahoo.com/news/nseit-acquires-majority-stake-integrated-083051166.html