ChrysCapital-Backed Xoriant Expands Capabilities with Acquisition of MapleLabs
- ByStartupStory | February 23, 2024
Platform engineering and enterprise solutions firm Xoriant, backed by ChrysCapital, has successfully acquired Bengaluru-based cloud management solutions provider MapleLabs Inc. The undisclosed transaction is poised to fortify Xoriant’s expertise in platform engineering and broaden its spectrum in product conceptualization, design, development, and maintenance of cloud-native applications.
Sukamal Banerjee, CEO of Xoriant, expressed enthusiasm about the acquisition, stating, “Integrating MapleLabs into Xoriant represents a significant step in our mission to lead the digital engineering space. This expansion adds to our talented engineering team with highly skilled and experienced engineers, further strengthening our ability to deliver innovative solutions for complex engineering demands of our global clients.”
The acquisition unlocks a treasure trove of intellectual properties for Xoriant’s clientele, including SnappyFlow, an observability platform, and cloud/data center sizing tools. These tools empower Xoriant’s customers to optimize their cloud performance effectively.
MapleLabs, founded in 2014 by Pramod Murthy and Sreenivas Potluri, is renowned for its utilization of open-source technologies. The company specializes in helping enterprises manage server infrastructure lifecycle, engage in workload profiling and sizing, and optimize infrastructure in private and public clouds.
Sreeni Potluri, Co-founder, Head of Sales and Business Development at MapleLabs, remarked, “This is a landmark moment for MapleLabs, and joining forces with Xoriant will provide a larger global platform for MapleLabs IPs to grow and scale.”
This acquisition follows Xoriant’s earlier strategic move, acquiring Thoucentric, a Bengaluru-based specialized consulting firm focusing on digital solutions in supply chain, sales and distribution, and finance.
Xoriant, headquartered in the US, is a software development and technology services company concentrating on product engineering solutions, professional services, and managed services for independent software vendors and large enterprises. ChrysCapital, a major player in India-focused investments, supports Xoriant and has raised $5 billion across nine private equity funds. The firm’s investment sectors include enterprise technology, financial services, pharma, consumer, new economy, healthcare services, and manufacturing.
Follow Startup Story
Related Posts
