MarketBite

Aditi Tech acquires cloud computing start up Cumulux

Posted on: November 22, 2011


  • Aditi Technologies, a software product and application development services provider, has acquired Seattle-based cloud-computing start-up, Cumulux.
  • Cumulux, founded in 2008 by former Microsoft employees Paddy Srinivasan and Ranjith Ramakrishnan, provides cloud computing services to customers such as US automaker Ford Motor, power generation equipment maker General Electric and Unicef, the United Nations Children’s Fund.
  • Aditi is betting its business on the cloud. We expect over 50% of our future revenues to come from cloud computing”, said Pradeep Rathinam, chief executive officer of Aditi Technologies. He declined to reveal the deal size.
  • Bangalore-based Aditi, a $90-million privately held company with 1,400 employees, focuses on industries such as financial services, online, mobile, gaming and bioinformatics.
  • For Aditi, founded by technology entrepreneur Pradeep Singh, the acquisition will help the company offer cloud solutions to customers such as Swiss bank UBS, Royal Bank of Scotland, Nomura and Barclays Capital.
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