BUSINESS BRIEF

Incorporated in 2018, this App Modernization Platform is backed by entrepreneurs with 20+ years of track record.

  • Company is seed-funded by NTT DATA Corp, Japan.
  • The Company will turn EBITDA positive in FY 24 with close to USD 2M revenue with y-o-y growth of 50+%.
  • Gartner recently named Company as “Cool Vendor” and Leader in Cloud native computing.
  • Company provides AI Driven Platforms to analyse, modernize and operate Applications so that they are more resource efficient, agile, sustainable and less risky and costly.
  • Company has two platforms
    • Platform A is like GPS for your modernization journey. It provides detailed ML powered, multi-faceted Application insights and provides continuous modernization strategy.
    • Platform B is the Modernization CoPilot that simplifies and executes modernization strategies securely with various automation tools along with release modernization (DevSecOps).
  • Company has offices in US, India, and Singapore and around 40+ team worldwide.

Technology:

  • Patents pending on deep OS Kernel/Process level scanning, giving continuous, intelligent application insights.
  • Automate application refactoring, replatforming, and rehosting from any source to any target.1
  • Provides rationalization and adaptive application modernization strategies and, executes these strategies.
  • Supports all major platforms (Windows, Linux and AIX) and is target agnostic (AWS, Azure, GCP, Tanzu, RedHat etc) and is source-agnostic (on-premise / Data Centre / Cloud).
  • Available as SaaS and as on-premise secure appliance.
  • Release modernization / DevSecOps also covers Edge deployments

Business Divisions

design,manufacturing,representation

Products & Services

ODM services for mostly IOT
Proposal
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Industry

SaaS

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Sub Industry

App Modernization Platform

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Reason for sell-off

na

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Top Customer

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Deal Size

INR 120 - 127.5 Cr

Business Operation Information
Financial Information
2024 (in INR Cr) 2023 (in INR Cr) 2022 (in INR Cr) 2021 (in INR Cr)
Sales
14.40 11.43 9.29 9.38
EBITDA
PAT
N.D N.D N.D N.D
Business Documents