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,representationProducts & Services
ODM services for mostly IOTProposal
Industry
SaaS
Sub Industry
App Modernization Platform
Reason for sell-off
na
Top Customer
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 |