Impact of “infrastructure status” for the DC industry announced in the Union Budget 2022 4 Feb 2022, 6:22 am

Data centers and other energy hosting institutes infrastructure status, is an important initiatives to boost the digital ecosystem and infrastructure further in India: Mr. Bimal Khandelwal, CFO, STT GDC India

The Union Budget 2022’s announcement on giving data centres and other energy hosting institutes infrastructure status, is an important initiatives to boost the digital ecosystem and infrastructure further in India. Announcement of various other initiatives like DESH-stack-e-portal, rolling out National digital health ecosystem, digital content for students, opening digital university, digitisation of land records etc. would also boost the digital demand and in in turn increasing demand for data centres.

Infrastructure status would allow data centre service providers easy and increased access to credit from national and international lenders and financing for longer tenure at competitive terms. Various new avenues and source of financing would now be available for data centre like pension funds, insurance companies etc. As constructing Data centre needs significant capital, longer tenure of capital at competitive rates would fasten building data centre infrastructure in India.

Further initiative to lay optical fibre infrastructure in rural areas will enhance demand for Edge Data centres.

Availability of stable and cost effective power is very important to ensure the cost effective operating model of data centres. The government’s impetus on solar power generation like PLI for solar module manufacturing and infrastructure status to energy storage system would position India as preferred location for DC operators to leverage green energy at competitive rates to meet carbon emission goals.

With this budget, the government of India has acknowledged data centre as key infrastructure for digital ecosystem which is a welcome stimulus for the data centre industry as a whole. While various state governments have been announcing data centre policies and incentives for data centre providers, we believe that this would fasten up rolling out national data centre policy.

As we head into the next financial year, STT GDC India aims to take its formidable spirit and dynamic outlook to its future agenda balanced between an agile approach and experience, as a thought leader in the industry.  In terms of sustainability, the STT GDC Group recently released a global ESG report highlighting the measures across the world including our India faction, are adopting, to ensure sustainability as a core tenet of the business goals. Building on the momentum of growth in 2021, we have already laid down ambitious plans to double our capacity every 3-4 years for the next 10 years; while we have already started working on new greenfield facilities/expansions in Noida, Pune, Chennai, and planning for Mumbai, Kolkata, Hyderabad and other cities. The company is also evaluating expanding in Tier 2 cities beyond the 9 cities which we are already present. This is to cater to the growing demand of the customers for Edge sites.

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Milestone Systems appoints new Chief Revenue Officer 26 Jan 2022, 5:59 am

As a part of the Executive Leadership Team, Ilijana Vavan will work closely with the global sales team to scale Milestone’s sales organization and drive aggressive growth targets globally.

UNITED ARAB EMIRATES, Dubai, 26 January 2022 – Milestone Systems announces that Ilijana Vavan joins the executive leadership team as the new chief revenue officer, effective February 1. Vavan’s primary responsibilities include direct oversight of the company’s global go-to-market organization — such as channel strategy, sales operation, partner sales, and digital sales — as well as leadership and mentoring of the global sales team. She will be based in Munich, Germany.

“To continue Milestone’s strategic journey and to meet Milestone’s massive growth ambition, I’m pleased to welcome Ilijana to our executive leadership team,” says Thomas Jensen, CEO of Milestone Systems. “Ilijana comes with vast experience as a senior industry professional with a strong background in sales strategy and leadership. I’m confident she will be a great asset to Milestone and will lead the go-to-market organization to the next level.”

Vavan has expertise in commercial sales strategy and has worked in senior sales and management roles as well as technical roles. She joins Milestone from UiPath, where she worked as their regional vice president.

At Milestone, she will take a hands-on approach to manage the day-to-day business and will help the company scale its sales operation, achieve business excellence, and strengthen the structure for the channel business, according to the company.

Milestone adds that Vavan has a solid reputation in the security and software industry for surpassing sales goals. “I’m thrilled to have the opportunity to join Milestone. The market is rapidly growing, and video management software is not only being used for security surveillance, but also for many new business applications like regulating smart cities as well as the healthcare industry, among others. I’m looking forward to joining a team that is preparing for the future and to embark on the strategic journey with them,” Vavan says.

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IIM Udaipur Incubated tech startup FasterrWeb obtains funding 25 Jan 2022, 6:12 am

Delhi: IIM Udaipur incubated Delhi based tech startupFasterrWeb obtains fresh funding from angel investors.

FasterrWeb, a website speed optimization platform that lets websites load 10 times FASTER will deploy latest proceeds to strengthen its technology, expand customer acquisition and scale up the existing team. FasterrWeb is poised to automate SEO optimization and is set to become the next global player in the 40 billion dollar Industry.

“FasterrWeb aims to revolutionise the old functioning of websites. With the funds, we aim to associate with more and more people and organizations and speed up old technologies making the web faster, by optimizing the old standards for doing new things.” said Anshul Kapoor, Founder, FasterrWeb.

Slow websites damage the revenues of Online Businesses. Even top Publishers like FT.com, economictimes.indiatimes.com and market leaders like Oyo and several other Top brands all struggle with the Slow website speed issue and have invested a lot of resources to solve the problem for themselves. However, SMEs and several large businesses that lack resources and the right technical skills continue to struggle and lose precious revenue.

FasterrWeb optimises assests and creates rules from a powerful computer in the cloud. Website’s load time improves instantaneously.

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Mphasis and CrossTower partner to develop a ‘Center of Excellence’ in Web 3.0 and Blockchain technologies 21 Jan 2022, 1:04 am

The two companies have come together to:

• Co-invent industry-specific technical and operations solutions for Digital Assets, DeFi, cryptocurrencies and Web 3.0
• Co-create innovative, future ready blockchain based solutions to overcome the current challenges in public and private industries across multiple verticals globally

Mumbai, January 21, 2021:

Mphasis (BSE: 526299; NSE: MPHASIS), an information technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with CrossTower, one of the world’s leading crypto exchanges, to build a Center of Excellence (CoE) focused on Web 3.0 and a series of blockchain based products that will be launched and traded on the CrossTower platform.

The partnership between Mphasis and CrossTower will accelerate and scale the Web 3.0 talent within Mphasis, providing new avenues for application of innovative blockchain based solutions in public and private industries, including financial services, supply-chain, healthcare & life sciences, insurance, logistics, entertainment, art, and retail. The rapid adoption of digital assets has also led to financial and non-financial institutions too including them in their strategic planning.

“Mphasis has been an early adopter of blockchain technology, building industry specific solutions around digital assets and more recently Web 3.0. We are pleased that we have an opportunity to partner with CrossTower to build a Center of excellence (CoE). We particularly value this partnership as CrossTower is one of the most regulatory focused players in this space and provides unparalleled governance driven digital assets. Mphasis with its Blockchain capability, expertise in architecting cloud native platforms and user experience design and implementation, is uniquely positioned to partner with CrossTower,” said Nitin Rakesh, CEO and Managing Director, Mphasis.

“CrossTower prides itself for its distinct and superior knowledge of trading, technology, operational infrastructure, innovative pricing, regulations, and compliance to make digital assets accessible to retail and sophisticated institutional market participants. Mphasis’ extensive banking & financial services client base would be able to take advantage of our Decentralized finance (DeFi) and Blockchain solutions. This partnership with Mphasis will catapult our development capabilities and accelerate our growth to provide the best trading platform and ecosystem for both non-traditional and traditional financial services providers to expand beyond traditional asset classes,” said Kapil Rathi, CEO and Co-Founder, CrossTower.

A recent report by Market Research Future (MRFR) predicts that Web 3.0 and Blockchain market is projected to grow exponentially by 2030. Considering the future of Internet, Web 3.0 enables users and developers to use decentralized blockchain technology. This would significantly impact BFSI, e-commerce & retail, media & entertainment, healthcare & pharmaceuticals, IT & telecom, amongst other sectors’ businesses speeding up. Mphasis’ partnership with CrossTower is a milestone in the digital assets industry, as it is the amalgamation of technologies’ ‘Next Applied’ innovation for future, with globally ranked #4 for in the world by CryptoCompare as crypto exchange to build a safer, smarter, and wider scope for Web 3.0

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FTFT Appoints Ola J. Lind as CEO 19 Jan 2022, 7:21 am

UAE, Dubai, 19 January 2022 – FTFT Capital (NASDAQ: FTFT) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that it has appointed Mr. Ola J. Lind as Chief Strategy Officer of FTFT and the Chief Executive Officer of the Company’s subsidiary, FTFT Capital Investments LLC (“FTFT Capital”). The former Chief Strategy Officer of the Company, Mr. Weichen Pan, has resigned from this position due to personal reasons.

Mr. Lind will be responsible for the Company’s strategic planning, international partnering, M&A, and development of its cryptocurrency financial services platform, and will work with the senior management team and Board of Directors to promote the Company’s global growth strategy. Mr. Lind is an award-winning digital transformation start-up entrepreneur with an established track record in developing and implementing new technology strategies in the mobile, blockchain, and cyber-security industry over a 20+ year span. From 2000 through 2021, Mr. Lind was a co-founder of six start-ups on four continents. His achievements include:

• Winner of “Best Digital Start-Up” at 4YFN Mobile World Congress Americas in 2017, San Francisco
  
  
• Winner of the “Mobile, Media & Gaming” category, and Runner-Up at Echelon Asia Top 100 Startup, in 2017.

In addition to being appointed CEO of FTFT Capital, Mr. Lind continues to serve as a Director of FTFT Capital, overseeing its global cryptocurrency market data platform FTFTX, and has been in this position from April of 2021 to the present. Prior to this, Mr. Lind was Director of Business Development at Dotlines Group in Singapore from September 2017 to April 2021, where he was responsible for implementing digital services and products for international expansion.

Mr. Lind was also Director of Strategy for Onliner (Laos) Co., Ltd in Laos from October 2018 to April 2021, where he implemented digital e-wallet and payment gateway strategies.

Future FinTech CEO, Mr. Shanchun Huang, said, “The appointment of Mr. Lind to Chief Strategy Officer of FTFT will enhance the strength of our management team, elevate our technology profile and help us to achieve our strategic growth goals. Mr. Lind has a real depth of experience in the mobile and fintech business which is an area of focus for FTFT. We are pleased to have Mr. Lind as our CSO to work with our senior management team to the benefit of the Company and its shareholders.”

Mr. Lind said: “I am excited to be appointed as the Chief Strategy Officer of FTFT and look forward to working closely with the entire leadership team to continue to develop the Company’s digital business and create stakeholder value. I look forward to working with our visionary CEO and the Board of Directors, and am enthusiastic about the creation of innovative, value-added products and services for our customers around the world.”

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Simplilearn Named To GSV EdTech 150 18 Jan 2022, 5:13 am

A list recognizing the most transformational companies in Education Technology

Mumbai, India, January 18, 2022 – Simplilearn, the world’s #1 online boot camp for digital economy skills training, is included in the GSV EdTech 150, a list of the world’s most transformative growth companies in digital learning curated by female-led, multi-stage venture capital firm GSV Ventures.

Simplilearn was chosen from over 3,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together these 150 companies reach roughly 3 billion people — almost half of the global population — and generate approximately $20 billion in revenue.

GSV launched the list of education technology leaders in 2020 with the EdTech 50. Due to rapid growth in the sector, necessitated by a global pandemic and continued remarkable technological evolutions, the list increased to 150 in 2021. In 2022, the sector shows no signs of slowing down, with the 150 companies selected for this year’s list collectively experiencing revenue growth in the high double digits.

Learn more about the GSV EdTech 150 and the selection process here.

This recognition comes in light of the company’s exponential growth and continuous developments over the past year. Simplilearn’s programs span all critical digital domains like Data & AI, Programming, Cloud & Devops, Agile, Digital Transformation, and Digital Marketing and 30+ critical digital economy roles in the enterprise with comprehensive learning paths. These programs are co-created with leading universities like MIT and Caltech and leading industry partners like IBM, Microsoft Azure, and Facebook, ensuring the best learning outcomes.

Simplilearn has helped more than 3 million professionals upskill in digital technology skills across 150 countries. For enterprises, Simplilearn offers a scalable platform for live interactive workshops and bootcamps in digital skills. Simplilearn works globally through partners, including channel partners like Accenture academy and PWC Academy and distributors like Deviare in South Africa, Saudi Business Machines in the Middle East, and the ILX Group in the United Kingdom.

Commenting in this regard, Krishna Kumar, Founder & CEO, Simplilearn, said, “We are very honored to be among the 150 companies listed by GSV Ventures. Despite the uncertainties brought about by the pandemic, the EdTech industry has been propelled to reach transformative heights. We are proud to be recognized at a global level for our contribution and efforts in digital upskilling and educational innovation. We will continue to learn, innovate and grow in the future, to provide our learners with nothing but the best-in-class upskilling programs, ensuring job readiness from day one.”

“Today, we announce the annual GSV EdTech 150,” said Luben Pampoulov, Partner at GSV Ventures. “As the global pandemic continues to drive learners online, more and more companies are innovating in the digital learning space — making it increasingly competitive for companies to make the top 150. We evaluated over 3,000 companies globally this year. The way GSV sees it, Ed is on The Edge, and increasingly more companies have the ideas, know-how, and talent to transform the world and provide all people equal access to the future. We know these companies are well-equipped to help us achieve that goal, and we look forward to watching them do so.”

To arrive at its listing, GSV evaluated more than 3,000 venture capital and private equity-backed private for-profit companies that met the following criteria:

• VC or PE-backed companies in Digital Learning, excluding public and nonprofit companies
• Companies that have achieved meaningful scale, and primarily, but not exclusively, those that are post-Series A in their development 
• Companies experiencing strong, organic top-line growth

The final selection is determined by GSV’s proprietary scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.

The GSV EdTech 150 is distributed across three major sectors: Life-Long Learning, Higher Ed, and K-12. Life-Long Learning (inclusive of Workforce Learning and Adult Consumer Learning) is the leading sector with 42% of the GSV EdTech 150 falling within the category, with an additional 5% of companies serving the Life-Long Learning and Higher Ed blend and another 3% serving both K-12 and Life-Long Learning. Together K-12 and Early Childhood account for 27% of the list, while companies in the Higher Ed sector account for just 5% and 9% of the GSV EdTech 150 serve a blend of the two. Excitingly, more companies are serving all sectors than ever before, with 9% of the GSV EdTech 150 serving all three major sectors.

North America — specifically the United States — is the most represented region accounting for 56% of the GSV EdTech 150. 11% of the GSV EdTech 150 hail from India, whose market is experiencing explosive growth with five EdTech unicorns that include BYJU’s, Eruditus, Unacademy, Upgrad, and Vedantu. Europe, Africa, and the Middle East represent 17% of the listing, with several high-quality, fast-growing companies such as OpenClassrooms, Multiverse, and Photomath. Asia, Australia, and New Zealand account for 11% of the list, while China experienced a significant decline in representation due to increased government regulation. Latin America represents 5% of the list and shows strong growth trends, with companies like Hotmart, Descomplica, and UOL EdTech leading the way.

See the full GSV EdTech 150 at www.asugsvsummit.com/edtech-150

GSV Ventures

GSV Ventures is a female-led, multi-stage venture capital firm focused on the $7+ trillion education sector. The fund is currently investing out of GSV Ventures Fund III and backs innovative entrepreneurs around the world in the “Pre-K to Gray” Arc of Learning. GSV manages over $675 million in global EdTech investments. Portfolio holdings include Andela, Class Technologies, ClassDojo, Coursera, Course Hero, Degreed, Guild, MasterClass, Outlier, Photomath, Quizizz, Lead School, Brightchamps, and ClassPlus, among others.

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IIM Udaipur Incubation Centre launches first-ever Startup Cohort towards Climate Change; invites eligible startups 17 Jan 2022, 12:35 am

Last date to apply – February 10^th 2022

·         IIM Udaipur launches Climate Change Innovation Grant for eligible startups driven towards Climate Change

·         Grants upto INR 4 Lakhs for prototype validation and INR 7 Lakhs for product development respectively to be given

·         Last date of application – February 10^th, 2022

January 17^th, 2022; Udaipur: The Indian Institute of Management Udaipur announced Climate Change Innovation Grant for eligible startups in association with Meity Startup Hub, Meity, Gov. of India, and corporate partner Transworld Group. The grant focuses on supporting early-stage climate tech ventures whose products or services are explicitly focused on reducing GHG emissions or addressing the impacts of global warming.

The participating startups will receive the opportunity to brainstorm and validate solutions with corporate partner Transworld Group, get tailored training and support, learn and share in a community of like-minded founders in a collaborative environment, incubation, and co-working space at IIM Udaipur Incubation Centre, and also an opportunity to pitch for follow-on funding under other programs of the incubation centre.

Mr. Kannan Soundararajan, CEO, Incubation Centre, IIM Udaipur said, “We want to provide you and your startup with state-of-the-art mentoring and online training, as well as access to financial support and networking opportunities. The bottom line is success, both for you and your start-up and for the environment with tangible climate solutions.”

“We are looking for people who are motivated and passionate about fighting climate change. If you have an innovative idea, this is your chance to put it into fruition. If you’re an existing start-up and in need of financial aid and/or guidance on growing your business, this is the programme for you. INR 4 Lakhs will be offered for Prototype validation and development grant to up to 2 Entrepreneurs-in-Residence and INR 7 Lakhs will be bestowed for Product development and pilot run to up to 2 startups, he further added.

The cohort is designed to focus on key areas namely, Clean Energy, Mobility and Transport, Agriculture & Food Systems, Ports & Shipping, Green Buildings & Cities and Circular Economy. Each focus area will target ill-effects of the above challenges and will deep-dive into solutions and innovations aimed at these challenges.

Eligibility

• Startups with a minimum of two members or two people focused on a new technology or service with high potential for commercial viability and climate impact.
• Your solution can address any of the problem statements mentioned for this Climate Change Innovation grant.
• Core value proposition can be based on digital as well as non-digital solutions.
• Your solution is at either of these stages: proof of concept/prototype development/a tested prototype/MVP created, and a roadmap designed.
• Your ultimate solution, once developed, has the potential to be quickly commercialized and scaled.
• Preference would be given to innovative ideas for which patent has already been filed or can be filed in the future.

Important Dates

·         Application Starts – January 10^th, 2022

·         Last date of application – February 10^th, 2022

·         Application Evaluation – February 14^th– 25^th, 2022

·         Startup Idea Presentation – March 1^st, 2022

·         Announcement of Selected Start-up Ideas – March 7^th, 2022

·         Start-up Incubation and Onboarding – March 10^th, 2022

For more information visit: https://iimuic.org/tide-2.0-climate-change-innovation-grant

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Acronis appoints Michael Callahan as Chief Marketing Officer 6 Jan 2022, 6:32 am

With more than 20 years of security marketing experience, Callahan will focus on extending Acronis’ industry leadership in cyber protection for service providers and enterprise organizations

UNITED ARAB EMIRATES, Dubai, January 6, 2021 – Acronis, a global leader in cyber protection, announced today the appointment of Michael Callahan as its new Chief Marketing Officer. Callahan joins the team with extensive sales and marketing experience, serving in senior leadership roles at companies such as McAfee, HP, and Juniper, and most recently as the Senior Vice President of Global Marketing for Cofense.

As Acronis’ Chief Marketing Officer, Callahan will develop Acronis’ global brand position while increasing awareness of the Cyber Protect Cloud Platform. With COVID-19 accelerating digital transformation solutions and the migration to cloud and hybrid solutions, organizations need an effective security solution to stop the always-evolving threats. In addition, Callahan will help expand Acronis’ dedication to nurturing the next group of tech leaders with outreach programs around the world, especially in disadvantaged areas.

“Michael will build on the past success and push Acronis’ marketing team to even greater achievements,” said Patrick Pulvermueller, Chief Executive Officer at Acronis. “Michael brings more than 20 years of marketing leadership from some of the most well-known companies in the industry, and will be instrumental in solidifying Acronis’ position as a leader in endpoint security. His track record of driving impressive growth from the brands he developed excites us for what is to come under his leadership and expertise.”

Callahan is a metrics-driven marketing executive with extensive software-as-a-service (SaaS) security domain experience, serving in leadership roles at McAfee, HP, Firemon and Zimperium, where he effectively managed and led global teams. This is essential experience for this position as Acronis prides itself on being an internationally connected company with offices and employees around the globe, enabling the company to reach broader demographics and extend its grasp on the cyber protection markets.

Michael will continue to increase Acronis’ visibility across the cybersecurity space as a leader in cyber protection by focusing on the value of Acronis’ security solutions – such as Acronis Cyber Protect Cloud – designed specifically to be delivered as a service through service providers or enterprises protecting their organizations.

2021 was the most successful year in Acronis history, with the Acronis US cloud business growing 77% year-over-year and Acronis Cyber Protect delivering protection to over 750,000 businesses. Callahan will build on the success from 2021, including the $250 million investment from CVC Partners in May of last year to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network of managed service providers (MSPs) to keep the momentum going in 2022.

“I’m very excited to be joining Acronis at a time when the value of our solutions is rapidly gaining traction in the market resulting in exceptionally fast growth that allows us to continue to invest in solutions to our customers’ problems. As the world moves towards a cloud-based digital ecosystem, it’s more important than ever to make sure cybersecurity solutions effectively stop threats so security leaders can protect their organizations,” said Callahan.

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FTFT Subsidiary Launches Cryptocurrency Market Data Platform 4 Jan 2022, 5:24 am

UNITED ARAB EMIRATES, Dubai, January 4, 2022 – Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its subsidiary, FTFT Capital Investments LLC (“FTFT Capital”) has launched FTFTX, an innovative global cryptocurrency market data platform that provides institutional and individual investors with real-time, high-quality and reliable cryptocurrency market data and aggregate trading information from a large number of cryptocurrency exchanges. The market data is available for Bitcoin, ETH, EOS, Litecoin, TRON, and other cryptocurrencies at https://www.ftftx.com/ and via the FTFTX App on iOS and Android devices.

FTFTX collects global currency and market data, directly linking hundreds of leading venues, markets, and exchanges around the globe and making the data available to users 24 hours a day. FTFTX’s features include access to optimal market rates resulting from the aggregation of information from exchanges and liquidity pools around the world. The FTFTX platform provides users with a unique and user-friendly resource for their trading and investment strategies as well as macroeconomic and cryptocurrency sector news. FTFT Capital believes that FTFTX’s real-time cryptocurrency market data can help users with their investment decisions by providing them with real-time aggregated global cryptocurrency market data as well as the potential to achieve better pricing and lower transaction costs. The FTFTX app is free to download on Google Play and the Apple Store.

FTFTX was officially launched at the Global Distributed Cloud Storage Summit – DCS 2021, held on December 15-17, at the Abu Dhabi National Exhibitions Centre where it was a co-host and participant. The summit attracted an estimated 20,000 attendees, including some of the industry’s most notable innovators, decision-makers and leading industrial enterprises. The United Arab Emirates’ openness to the cryptocurrency economy has attracted many new blockchain-enabled businesses.

Ola Lind, Director of FTFT Capital and FTFTX, stated, “We believe that efficiency, security and reliable market data are essential for cryptocurrency investors around the globe. With this in mind, we set out to provide an investor-oriented, results-driven platform that would allow investors to maximize their returns on their cryptocurrency investments. By offering robust, secure and real-time market information, we believe that FTFTX delivers a reliable global platform with aggregated real-time market information that gives participants a superior user experience.”

Mr. Shanchun Huang, Chief Executive Officer of Future FinTech, said, “The launch of the FTFTX cryptocurrency and market data platform is a landmark event in the history of the Company. We believe that FTFT Capital in Dubai will be a market leader in the market data and information services sector for cryptocurrency trading and investment as well as in the field of innovative financial services. Our goal continues to be one of the world’s most active and influential digital currency and crypto asset trading and management services providers.”

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Tally Solutions Collaborates with Amazon Web Services 27 Dec 2021, 5:00 am

Giving a secure and convenient option to access TallyPrime available anytime, anywhere

Mumbai, December 27, 2021: Tally Solutions, India’s leading business management software provider, has collaborated withAmazon Web Services (AWS), theworld’s most comprehensive and broadly adopted cloud offering, to make Tally Solutions’ flagship product TallyPrime available on AWS. This availability will enable all TallyPrime users to run their entire business application remotely anytime, anywhere.

Over the past few years, more so since the pandemic has hit, many SMEs have sought solutions to help them operate their businesses through remote technologies to enable anytime anywhere access of business-critical functions and data. A recent NASSCOM study has said that nearly 60% of SMEs have adopted some form of cloud computing as an indicator towards this, most being at nascent stage of adoption.

The collaboration between Tally Solutions and AWS aims to provide entrepreneurs and their teams access to TallyPrime anytime on any network, using laptops, desktops, or mobile devices so they can do business on the move. With AWS, each customer’s data volume is encrypted by default. Security is built into every component of the solution with secure pins, password enabled backups and more. TallyPrime on AWS will empower small and medium entrepreneurs to manage their business more efficiently.

Commenting on this collaboration, Tejas Goenka, Managing Director, Tally Solutions said,

“While we at Tally Solutions build our next generation cloud and connected infrastructure to bring a series of new advantageous experiences to our customers, this collaboration with AWS will help our customers get access to a more secure infrastructure that will allow anytime access to their data on our current flagship product of TallyPrime.”

Commenting on the new product offering, Puneet Chandok, President, Commercial Sales, AWS India and South Asia, AISPL said, “Having easy access to financial and operational data anytime, anywhere, is increasingly important for small and medium businesses as they scale and grow. With TallyPrime running on AWS, Tally customers get the same levels of security, reliability, and availability that our large enterprise and public sector customers demand, without the complexity of managing multiple standalone solutions, licence requirements from multiple vendor offerings, or support options. The cloud also makes data backup and access, and user provisioning and permissions enablement much simpler for SMBs. We believe this offering is a positive step towards enabling more SMBs in India digitally transform their business operations.”

TallyPrime running on AWS is affordable and the price points were considered thoughtfully to cater to the needs of small businesses, especially during these uncertain times. The solution will work on all Windows, Linux and Mac-based systems when accessed through a browser. The solution will be distributed by Elcom Digital and customer engagements led by a group of Tally’s certified partners called TVU Priority partners.

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