Capgemini to acquire cloud services firm Cloud4C

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French information technology services major Capgemini on Tuesday said it has signed an agreement to acquire Indian-origin, Singapore-based Cloud4C, a managed cloud services provider owned by CtrlS Group. Financial details of the transaction were not disclosed.

Cloud4C, which has its corporate headquarters in Hyderabad, was founded in 2014 by Sridhar Pinnapureddy, who is also the founder and CEO of CtrlS.

“This acquisition will expand Capgemini’s footprint in the fast-growing cloud managed services market,” Capgemini said in a statement. The…



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Capgemini to acquire cloud services firm Cloud4C



French information technology services major Capgemini on Tuesday said it has signed an agreement to acquire Indian-origin, Singapore-based Cloud4C, a managed cloud services provider owned by CtrlS Group. Financial details of the transaction were not disclosed.

Cloud4C, which has its corporate headquarters in Hyderabad, was founded in 2014 by Sridhar Pinnapureddy, who is also the founder and CEO of CtrlS.

“This acquisition will expand Capgemini’s footprint in the fast-growing cloud managed services market,” Capgemini said in a statement. The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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