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Business News/ Companies / News/  NSE arm buys majority stake in Cloudxchange
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NSE arm buys majority stake in Cloudxchange

Cloudxchange.io is a leading multi-cloud managed services provider and established player in cloud-based services. After the cybersecurity segment, NSEIT is building expertise in cloud services

With this addition, NSEIT will offer end to end digital transformation solutions from Cloud to SecurityPremium
With this addition, NSEIT will offer end to end digital transformation solutions from Cloud to Security

MUMBAI: NSEIT, a wholly-owned subsidiary of the National Stock Exchange, has acquired a majority stake in cloud-based services provider Cloudxchange.io for an undisclosed amount.

"Cloudxchange.io augments NSEIT’s vision of becoming a cloud-native, niche & innovative digital solution provider for enterprises. The addition of new-age cloud offerings of Cloudxchange.io to 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, the entire industry has witnessed an exponential surge in cloud adoption especially during the pandemic," NSE said in a release.

With this addition, NSEIT will offer end-to-end digital transformation solutions from cloud to security. This is NSEIT’s second acquisition after acquiring Aujas Cybersecurity Ltd in 2019.

Cloudxchange.io is a leading multi-cloud managed services provider and established player in cloud-based services. It has 250 plus enterprise clients across sectors including BFSI, manufacturing, logistics, and government.

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Published: 14 Jul 2021, 02:28 PM IST
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