Icertis Spins Out Cloud Solutions Business into CloudMoyo, Inc.

BELLEVUE, Wash., April 24, 2015 /PRNewswire/ -- Icertis, the leading provider of ERP-surround solutions in the Microsoft cloud, today announced that it is spinning out its cloud solutions and services business into a new company, CloudMoyo, Inc. Moving ahead, Icertis will solely focus on its industry leading and analyst recognized, cloud-based enterprise contract management business. CloudMoyo will have a dedicated focus on cloud and data analytics based ERP-surround enterprise solutions for the High Tech, Life Sciences, and Transportation industry verticals, and accelerate growth in this market.

The cloud and data analytics based ERP-surround solutions market is forecast to grow to over $100 billion in the next 3 years per industry analysts. CloudMoyo is poised to continue to lead in this fast growing market owing to its unique capabilities at the intersection of cloud and data analytics:

• Proven success in envisioning, developing, and operating enterprise solutions in Microsoft cloud
• A suite of pre-fabricated cloud integration and advanced analytics frameworks
• Domain expertise in field sales and services, partner governance, business planning and analytics, regulatory compliance, and consumer engagement for High Tech, Life Sciences and Transportation
• Deep talent pool in Microsoft Azure, Office365/SharePoint, Power BI, Azure Machine Learning, Big Data and Internet of Things (IoT)
• Award-winning products in transportation, fleet management, and streaming video analytics
• Successful track record of delivering to demanding enterprise customers like Microsoft, Roche, Silverado, Toyota, and Kansas City Southern
• And an entrepreneurial professional leadership team that has built and grown multiple businesses

"I have always believed that to build a successful company, one has to either create or ride a wave.  With its products, solutions, and expertise, CloudMoyo is in a terrific position to ride the $100 billion cloud and data analytics wave," said Samir Bodas, the Chairman of CloudMoyo. He continues, "The company's innovative approach will help customers reimagine their business."

Speaking on the occasion of the spin out, Manish Kedia, the newly appointed CEO and President of CloudMoyo said, "CloudMoyo is a born in the Microsoft cloud company that brings disruptive technologies together to offer our customers modern enterprise cloud solutions informed by big data insights." He further added, "With these solutions and anchor customers in our target verticals, we will lead the industry to unleash innovation and create new business value."

"CloudMoyo is positioned at the intersection of business and technology, allowing them to quickly come up to speed with our complex processes and business requirements," said Bernard Dakar, Director Business Process Transformation, Microsoft, Corp. "This, combined with their agility, focus on quality and deep understanding of Microsoft Azure, SharePoint Online, Azure ML and Devices, makes them a strong partner to help us further increase our effectiveness and efficiency." 

About Icertis

Icertis is the leading provider of enterprise contract management solution in the Microsoft Cloud. The company's flagship product, Icertis Contract Management (ICM), can manage sell-side, buy-side, and corporate contracts across the globe by leveraging the power of the cloud. ICM has an inspired easy-to-use user interface, is quick to deploy, and integrates with all leading ERP and CRM solutions in the market. The award winning and analyst acknowledged product accelerates contracting velocity, yet ensuring effective management of risk and compliance, across the order-to-cash and procure-to-pay processes.

For more information, please visit www.icertis.com

About CloudMoyo

CloudMoyo is a born in the Microsoft cloud company with proven enterprise experience and deep business domain expertise.  The company envisions, builds and operates ERP-surround enterprise cloud and data analytics solutions for the High Tech, Life Sciences, and Transportation industry verticals. These high velocity business solutions are designed by combining its pre-fabricated cloud integration and advanced analytics frameworks, and deep talent pool in Microsoft Azure, Office365/SharePoint, Power BI, Azure Machine Learning, Big Data and IoT. The company offers a suite of award-winning products and solutions in transportation, fleet management, and streaming video analytics that have been adopted by large demanding enterprise customers.  The company is headquartered in Bellevue, WA with innovation center in Pune, India.

For more information, please visit www.cloudmoyo.com

Contact: [email protected]

SOURCE Icertis

Related Links

http://www.icertis.com