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ESDS Software expects to triple revenue next year

Source: Indiatimes, by: Priyanka Sangani

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PUNE: Nashik-based cloud-hosting firm ESDS Software expects revenues to triple next year, having secured a US patent for its eNlight Cloud autoscaling technology.

Piyush Somani, the MD of ESDS Software, told ET that in the past sixty days, they had generated orders worth 80 crore, which is more business than the firm has done in the past four years in India.

“We applied for the US patent in 2011 and we got it last year. We are the only company in the world who can do real tim ..

 

The patented innovation enables auto-scaling of computing resources as per actual demand, moving from a pay-per-use to a pay-per-consumption model.

The company will be formally inaugurating its data centre in Mumbai next month, its second in the country after Nashik. “This has been set up at an initial investment of Rs 90 crore and we will be investing another Rs 200 crore in it over the next two years, which will lead to an additional employment of 500 people,” said Somani.

..continue to read on original source

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