Bharti Airtel has acquired a strategic minority stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator program, the carrier said in a statement on Wednesday.
Cnergee has developed a range of 5G-ready software tools for Network as a Service (NaaS) that can be deployed at scale to enable zero-touch service provisioning, centralized remote monitoring and management of all connected devices with a host of real-time analytics.
The acquisition will help the operator strengthen Airtel’s 5G-enabled network as a service portfolio for small and medium-sized businesses, the company said. He did not disclose the amount of equity the carrier is taking in the business.
Cnergee’s advanced software tools will bolster Airtel’s ‘Work From Anywhere’ solutions portfolio as companies consider adopting hybrid working models in the post-pandemic world.
“As enterprises move to cloud-based applications, agile software-defined networks are becoming the norm. We welcome Cnergee to the Airtel Startup Accelerator program and look forward to deploying their “Made in India” solutions at scale in India’s rapidly growing NaaS market,” said Ajay Chitkara, Director and CEO. Airtel Business, which serves more than one million businesses of all sizes through its integrated portfolio of connectivity, conferencing, cloud and data centers, cybersecurity, internet of things, advertising technologies, CPaaS (Airtel IQ). It is the market leader in enterprise connectivity segment in India.
The Airtel Start-up Accelerator program invests in early-stage startups committed to developing solutions based on new-age technologies.
“Cnergee has always believed in developing innovative, intelligent and cost-effective cloud-based solutions. It is an exciting time for Cnergee to partner with Airtel on this digital transformation journey and reach out to emerging companies of all sizes that are driving digital India,” said Suvarna Kulkarni, Founder and Managing Director, Cnergee Technologies .