Karachi, January 23, 2014 (PPI-OT): Avanza Solutions signed a Memorandum of Understanding (MOU) with Multinet announcing collaboration on delivering Cloud Services together, whereby Avanza’s cutting-edge banking and business software will be offered as a service (SaaS) on Multinet’s infrastructure. This strategic alliance will help Avanza Solutions to provide convenient value-added cloud services, ultimately bringing greater efficiency and smarter experience to the clients, hosted on Mulinet’s reliable data centers.
The Memorandum of Understanding on the delivery of Cloud Services was signed by Mr. Mahmood Kapurwala (CEO, Avanza Solutions) and Mr. Adnan Asdar (CEO and Executive Director, Multinet Pakistan) in the presence of other senior officials from both companies.
According to this MoU, the companies will together provide Cloud Services by combining the advanced software solutions provided by Avanzahosted in Multinet’s datacenters onSoftware as a Service (SaaS) and Business Process as a Service (BPaaS) models, allowing customers access to this service from virtually anywhere, on zero capital expenditure and significantly lower operating expenditures.
Trends in the economic outlook of investment decisions in IT are undergoing drastic changes and a significant shift in the spending patterns of organizations can clearly be observed. Particularly when the issue is funding technological solutions, more and more organizations are moving towards an Operational Expenditure model (OPEX).
Advanced IT solutions offer cost-conscious organizations many monetary and operational advantages, while enabling them to conduct their business in an easier and smarter manner. Cloud-based IT services, especially Software as a Service (SaaS) model,are means of delivering software solutions over the Internet as a service. That is, instead of installing and maintaining the software, one can simply access it via the Internet without indulging into complex software and hardware management.
Having over 13 years of offering banking and ADC solutions in Pakistan, Middle-East, and Africa,Avanza enjoys over 45 percent market share in Pakistan. With this new collaboration Avanza Solutions will provide a more cost-efficient way to conduct business, catering to a wider variety of organizations.
Speaking during the event, Mr. Kapurwala (CEO, Avanza Solutions) said,“Cloud services are the future and we are delighted to be one of the first ones headed towards that future. Avanza Solutions has a vision to provide seamless and more efficient services to the customers and with this arrangement we step closer to that vision. To provide the best solution to our customers in the region, we required state-of-the-art and reliable data centers to host our advanced business applications, we are pleased to have signed on with Multinet Pakistan in that regard. We plan to take our key products on cloud through this collaboration.”
Mr. Asdar, CEO and Executive Director, reciprocated, “We aim to provide the best support, in the form of our state-of-the-art data centers and our flagship all-fiber, all-business cross Pakistan network, to Avanza Solutions to ensure a reliable and efficient delivery of the service. We are committed to providing the best to the business market with our partners.”
The Cloud Services market is a promising, high-growth sector within the overall IT industry. The public cloud services market was forecasted to grow 19.6 percent in 2012 to $109 billion worldwide, according to Gartner, Inc. In this highly lucrative segment, the largest share is taken by Business process services accounting for about 77 percent of the total market.
Furthermore, Software as a service (SaaS) is the next-largest segment which was forecasted to grow to $14.4 billion and Infrastructure as a Service (IaaS) was estimated to grow to $6.2 billion in 2012 from $4.3 billion 2011.By 2017, IT cloud services will expectedly drive 17 percent of the IT product spending and nearly half of all growth across five technology categories: applications, systems infrastructure software, platform as a service (PaaS), servers, and basic services.
The race towards Cloud is much more than acquiring cloud computing capability itself; it cannot be viewed as a standalone phenomenon in the IT industry but rather as a core component of a larger transformation of the IT industry.
It is forecasted that high growth rates will occur in emerging markets, including the top three growth countries of India, Indonesia and China. However, 79 percent of the spending increase will come from the North America and Western Europe. Cloud Service providers will have to employ are strategic approach to strike a balance between high-volume and high-growth markets.
Avanza’s SaaS solutions will allow customers to use Avanza’s innovative solutions from anywhere, anytime and on any device. Whether in the office or on the go, the products will be available to the customers on a reliable and safe platform. Cloud Services offers the following:
No CAPEX and Lower OPEX
Automated upgrades and maintenance
No operational hassle
Zero time to market
Seamless integration and scalability
For more information, contact:
Suite No. 201, 2nd Floor, Beaumont Plaza, Beaumont Road,
Tel: +92 21 35675240-42
Fax: +92 21 35675244
Category: General Business News