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Anantara Solutions wins Cloud Computing deal

Chennai, July 22 (ANI/Business Wire India): Anantara Solutions, the pioneer of Second Generation Outsourcing (SGO), today announced that it has won a Cloud Computing deal from Srini NewCo, a US-based start-up.

Cloud Computing is one of the six distinguishing markers of SGO.

Indicating a growing demand for SGO, the number of customers Anantara serves increased from 38 in FY 08 to 87 in FY 09.

Commenting on the client win, Sundararaj Subbarayalu, Partner - Technologies and Founding Team Member, Anantara Solutions, said, "Anantara's management team built one of the world's first Cloud Computing practices including Grid Computing and full-scale Utility Computing. This helped Anantara propose a solution with grounding in practice."

Speaking on the occasion, G B Prabhat, Founder and CEO, Anantara Solutions, said, "SGO has become extremely compelling in these recessionary times. The significant growth in Anantara's clientele in the last financial year bears testimony to this.

Anantara will extensively leverage its Cloud Computing capabilities to help customers migrate to a pay-per-use architecture."

Commenting on the partnership, Srini Gurrapu, Founder, Srini NewCo, said, "Cloud Computing has become one of the top IT initiatives across all enterprise customers. It is perceived as one of the major transformative themes in the IT industry that rides on the convergence of Systems, Applications, Storage, Networking and Security to deliver IT as an on-demand managed service. However, the current Cloud service platforms have significant limitations to be trusted by enterprise customers to run mission critical applications. Srini NewCo's core focus is on developing an application management platform that addresses this vital need. Anantara's rich domain expertise coupled with its innovative delivery model makes it a partner of choice for Srini NewCo." (ANI)

IFC, FINO come together for banking solutions in rural area

{image-rural banking02_20122007.jpg news.oneindia.in}New Delhi, Dec 20: IFC, a member of the World Bank Group, and technology service provider Financial Information Network and Operations Private (FINO) today came together to develop banking solutions, helping microfinance institutions reach underserved markets in rural area. FINO will offer end-to-end IT solutions banking. Its innovative products will help microfinance institutions support payments for health insurance, remittances, warehouse receipts, social and pension plans, microdeposit machines, and mobile banking. ''This joint initiative is integral to our rural outreach strategy. This.....
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