We’re excited to announce the acquisition of Delhi-based data analytics startup Amicus Technologies. This is a proud moment for all of us at IndiQus. Amicus CEO, Aayush Srivastava, will join us as Head of Product & Marketing, along with Software Engineer, Akashdeep Singh Lamba. Also, this marks our very first acquisition.
We have been successfully addressing private, hybrid as well as public cloud projects in South Asia for marquee clients like Oxigen, Meritnation, Sri Lanka Telecom etc. Also, over the past 3 years, we’ve hit a revenue of ~5Cr for FY14–15. As we gear towards launching our cloud management software, we feel that data analytics would play an integral role in growing cloud businesses. Amicus’ addition to our ranks helps us build a huge differentiator in our software.
The cloud infrastructure industry is 2.3B USD in India currently, as per a report by Avendus Capital.
Commenting on the acquisition, CTO K B Shiv Kumar said,
Combining data analytics with cloud computing creates a 23Bil USD worldwide market opportunity. We hereby welcome team Amicus on board to help us create Version 2.0 of IndiQus and also explore new realms of enterprise tech.
About Amicus Technologies
Amicus Technologies is an incubatee at Startup Tunnel as part of its first cohort, with Aditya Dev Sood having made one of his initial investments in April 2014. Speaking about the acquisition, Aayush Srivastava, the CEO & Founder of Amicus believes that,
IndiQus gives us an opportunity to keep working on improving user experience using data-driven decisions making. Also, our experience in consumer internet space will help in creating network effects as IndiQus prepares to enter the growth stage.
IndiQus delivers the power of cloud computing to enterprises, delivering private and hybrid clouds inside their secure datacenters. As a result, this enables them to simplify the management of IT resources. Most of all, we help enterprises significantly reduce the total cost of ownership of IT. For service providers, we offer a 360 degree turnkey solution, enabling them to launch their own public cloud services.
Unlike other cloud solutions, we’ve built our stack purely on open-source technologies with enterprise-grade SLAs and zero vendor lock-in. As a result, this enables our clients reduce their technology costs by 50–60%.
If you’re interested to know more or have a discussion over coffee, feel free to write to us.