Yotta Knowledge Companies has introduced the acquisition of IndiQus Applied sciences, the mum or dad firm of cloud platform supplier Apiculus. Introduced by Yotta on November 14, this transfer goals to strengthen Yotta’s sovereign synthetic intelligence (AI) and cloud choices in India whereas decreasing reliance on overseas applied sciences.
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Empowering India’s Cloud and AI Capabilities
“With the acquisition of IndiQus Applied sciences, Yotta addresses a big void within the Made-in-India Cloud and AI platform Realm, decreasing dependence on overseas enterprises to fulfil India’s Digital Transformation wants,” the corporate mentioned. “The acquisition of Apiculus supplies Yotta with a strengthened cloud and AI companies portfolio and assists within the growth and supply of a world class cutting-edge AI cloud platform.”
Sunil Gupta, CEO and co-founder of Yotta, mentioned: “This acquisition is a serious leap in our quest to form India’s digital future. Collectively, we’re forging a powerhouse one-stop store for AI and Cloud PaaS companies. This synergy will empower companies to fast-track their innovation, improve digital infrastructure, and unleash the boundless potential of transformative applied sciences.
That is greater than an acquisition; it is a leap into the way forward for cloud and AI companies in India. The prowess of Apiculus won’t solely bolster Yotta’s capabilities but additionally function a catalyst for the enlargement and development of our Sovereign Cloud and AI companies.”
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Shaping India’s Digital Future
“Yotta’s acquisition of IndiQus is a big step ahead for us as we strengthen our management in India’s AI and cloud sectors,” mentioned Darshan Hiranandani, Co-Founder and Chairman, Yotta. “Collectively, we’re able to reshape the way forward for cloud and AI companies in India, making them extra accessible and efficient for companies throughout the nation.”
Sunando Bhattacharya, Founder and CEO at IndiQus, mentioned “We’re thrilled to affix forces with Yotta and excited to reshape the Cloud and AI companies class.”
As a part of the acquisition settlement, IndiQus’ founders, Sunando Bhattacharya and Ok B Shiv Kumar, will assume the roles of Chief Income Officer and Chief Innovation Officer, respectively, at Yotta.
