Bharti Airtel to acquire 7% strategic stake in Cloud-service provider Cnergee Tech

27 Apr 2022 , 01:10 PM

Bharti Airtel Limited, India’s premier communications solutions provider, has acquired a strategic minority stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program.

Cnergee is a Navi Mumbai-based company specializing in integrated networking solutions over the cloud for businesses of all respects. Cnergee has created a range of 5 G-ready software tools for Network as a Service (NaaS) that can be deployed at scale to facilitate central remote monitoring, zero-touch service provisioning, and management of all connected devices with a host of real-time analytics.

This strategic acquisition will aid Airtel to strengthen its NaaS proposition for Small and Medium Businesses (SMBs) who are looking to fasten their shift to cloud-based applications. Airtel is already a provider of a wide range of connectivity and productivity solutions for SMBs backed by unmatched distribution network reach across India.

In addition, Cnergee’s advanced software tools will help Airtel in boosting its ‘Work from Anywhere’ solutions portfolio as businesses seek at adopting hybrid work models after the pandemic.

Ajay Chitkara, Director and CEO of Airtel Business commented, “As businesses shift to cloud-based applications, software-defined agile networks are becoming the norm. Airtel is on a mission to accelerate the digital transformation journeys of enterprises through our world-class NaaS platform. We welcome Cnergee to the Airtel Startup Accelerator Program and look forward to deploying their ‘Made in India’ solutions at scale in the fast-growing NaaS market in India.”

Bharti Airtel is currently trading at Rs754.80 down by Rs1.4 or 0.19% from its previous closing of Rs756.20 on the BSE. It touched intraday high and low of Rs757.35 and Rs746.25 respectively.