Adani-Backed Sirius Digitech Acquires Cloud Platform Company CoreEdge.io

Adani-backed Sirius Digitech acquires CoreEdge.io

Ahmedabad: Sirius Digitech Limited, a joint venture company of Adani Group and Sirius International Holding (Sirius), on Tuesday announced the acquisition of CoreEdge.io Private Limited, a AI and cloud platform company. Coredge.io is a sovereign AI and cloud platform company offering secure, scalable, and compliant cloud solutions to government and enterprise clients.Founded as a bootstrap company in 2020, Coredge has rapidly expanded its client base across geographies like Japan, Singapore and India. "As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud. Sovereign Data Centers become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack," said Jeet Adani, director, Adani Group. "An additional benefit of this acquisition is our ability to put AI capabilities directly in the hands of organisations that require specialised sovereign cloud services for AI training and inferencing," he said. "Partnering with Sirius can help us accelerate the development and delivery of advanced AI services while upholding security, privacy and digital sovereignty principles, helping customers across the globe drive technological transformation," said Arif Khan, CEO, CoreEdge.io.

Adani-backed Sirius Digitech acquires cloud platform, CoreEdge.io

Sirius Digitech Limited, a joint venture company of Adani Group and Sirius International Holding (Sirius), on Tuesday announced the acquisition of CoreEdge.io Private Limited, a AI and cloud platform company. Coredge.io is a sovereign AI and cloud platform company offering secure, scalable, and compliant cloud solutions to government and enterprise clients.Founded as a bootstrap company in 2020, Coredge has rapidly expanded its client base across geographies like Japan, Singapore and India."As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud. Sovereign Data Centers become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack," said Jeet Adani, Director, Adani Group."An additional benefit of this acquisition is our ability to put AI capabilities directly in the hands of organisations that require specialised sovereign cloud services for AI training and inferencing," he further went on to say. Coredge is a promising venture with an innovative approach to sovereign cloud technology, offering highly secure, scalable and designed-for-AI cloud solutions tailored for government and enterprise clients."Partnering with Sirius can help us accelerate the development and delivery of advanced AI services while upholding security, privacy and digital sovereignty principles, helping customers across the globe drive technological transformation while complying with their data ethics principles," said CoreEdge.io. Coredge aims to build the complete solution stack for sovereign data centers that will include everything from bare metal servers to services, like Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) built on open-source technologies, to enable Sirius Digitech to provide Machine Learning as a Service (MLaaS) as applications get built on its infrastructure.

Sirius Digitech, backed by Adani and Sirius International, acquires Coredge.io

According to a press release, this acquisition will enable Sirius Digitech to provide cloud services that empower organizations to leverage sovereign cloud innovations while retaining sensitive data within their boundaries. As nations increasingly prioritize data security, the ability to keep data within national borders, rather than relying solely on the public cloud, is becoming more crucial. Sovereign Data Centers play a vital role in protecting sensitive information and maintaining national security, especially with the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack. Jeet Adani, Director of Adani Group, said, "As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud. He further added, "Sovereign Data Centers become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack." "An additional benefit of this acquisition is our ability to put AI capabilities directly in the hands of organisations that require specialised sovereign cloud services for AI training and inferencing," Adani said. Coredge.io offers secure and compliant cloud services for AI applications, safeguarding data sovereignty and supporting clients across Japan, Singapore, and India. The company has demonstrated a global presence with the ability to scale solutions through sovereign AI cloud services that are globally available but locally operable. Ajay Bhatia, CEO of Sirius International Holding, said, "Coredge's has demonstrated a global presence with the ability to scale solutions through sovereign AI cloud services that are globally available but locally operable. This step underscores our commitment to offering a portfolio of secure, trusted and localised cloud AI technologies to our customers and partners." Arif Khan, CEO of Coredge.io, said, "Partnering with Sirius marks an exciting new chapter for our sovereign AI and cloud platform business, both in India and globally." He added, "Together, we can accelerate the development and delivery of advanced AI services while upholding security, privacy and digital sovereignty principles, helping customers across the globe drive technological transformation while complying with their data ethics principles." Coredge is a venture with an innovative approach to sovereign cloud technology, offering highly secure, scalable, and designed-for-AI cloud solutions tailored for government and enterprise clients. Founded as a bootstrap company in 2020, Coredge has quickly expanded its client base across geographies like Japan, Singapore, and India. The company aims to capitalize on the trillion-dollar global opportunity for sovereign cloud. Its expertise in accelerating hyper-local cloud service providers with stringent data sovereignty and compliance measures has positioned it as a leader in the field. Sirius Digitech Limited is a joint venture between Adani Enterprises Limited, through its wholly-owned subsidiary Adani Global Limited, and Sirius International Holding Limited, a subsidiary of International Holding Company (IHC). Sirius Digitech engages in building products for an integrated ecosystem of digital platforms by leveraging the expanding power of artificial intelligence (AI), the Internet of Things (IoT), and secured blockchain products across infrastructure industries, extending to areas that include FinTech, HealthTech, and GreenTech. Coredge.io is a sovereign AI and cloud platform company offering secure, scalable, and compliant cloud solutions to government and enterprise clients. Backed by Sirius Digitech, a joint venture between the Adani Group and Sirius International Holding, Coredge.io ensures data sovereignty and drives AI-driven innovations. Their technology includes a comprehensive solution stack for sovereign data centres, from infrastructure as a service (IaaS) to platform as a service (PaaS), enabling secure and efficient AI capabilities. Sirius International Holding, headquartered in Abu Dhabi, is a subsidiary of IHC (International Holding Company) that stands at the forefront of the future of sustainability through technology and the digital transformation landscape. Sirius International Holding comprises more than 20 subsidiaries globally, each contributing to shaping today's health, climate, and digital ecosystem. (ANI)

Adani-Sirius JV announces acquisition of cloud platform company Coredge.io

Sirius Digitech, a joint venture of Adani Group and Sirius, acquired cloud platform Coredge.io, operating since 2020 in Japan, Singapore, and India. Jeet Adani stresses the importance of sovereign cloud for data security. CEO Arif Khan expects the acquisition to boost AI, MLaaS, IaaS, and PaaS on open-source technologies, emphasizing digital sovereignty at sovereign data centers.Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), on Tuesday announced the signing of binding agreements for the acquisition of Coredge.io Private Limited, a cloud platform company. According to a press release, this acquisition will enable Sirius Digitech to provide cloud services that empower organizations to leverage sovereign cloud innovations while retaining sensitive data within their boundaries. Coredge aims to build the complete solution stack for sovereign data centers that will include everything from bare metal servers to services, like Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) built on open-source technologies, to enable Sirius Digitech to provide Machine Learning as a Service (MLaaS) as applications get built on its infrastructure. The company that the JV will be acquiring offers secure, scalable and designed-for-AI cloud solutions tailored for government and enterprise clients. On plans to further expand in the country, the official statement said 'Coredge will aim to capitalize on the trillion-dollar global opportunity for sovereign cloud.' "As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud. Sovereign Data Centers become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack," said Jeet Adani, Director of Adani Group. "Partnering with Sirius marks an exciting new chapter for our sovereign AI and cloud platform business, both in India and globally. Together, we can accelerate the development and delivery of advanced AI services while upholding security, privacy and digital sovereignty principles, helping customers across the globe drive technological transformation while complying with their data ethics principles," said Arif Khan, CEO of Coredge.io. Sirius Digitech Limited is a joint venture between Adani Enterprises Limited, through its wholly-owned subsidiary Adani Global Limited, and Sirius International Holding Limited, a subsidiary of International Holding Company (IHC).

Sirius Digitech, backed by Adani & Sirius International Holding, acquires cloud platform company Coredge.io

Coredge.io offers secure, compliant AI and cloud services, ensuring data sovereignty Acquisition will enable AI-driven sovereign cloud innovations and accelerate research and development efforts to ensure nation's data stays within its border Abu Dhabi, UAE: Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), a subsidiary of International Holding Company (IHC), has signed binding agreements for the acquisition of Coredge.io Private Limited, a cutting-edge sovereign AI and cloud platform company. "As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud. Sovereign Data Centers become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack," said Jeet Adani, Director of Adani Group. "An additional benefit of this acquisition is our ability to put AI capabilities directly in the hands of organisations that require specialised sovereign cloud services for AI training and inferencing." "Coredge's has demonstrated a global presence with the ability to scale solutions through sovereign AI cloud services that are globally available but locally operable," said Ajay Bhatia, CEO of Sirius International Holding. "This step underscores our commitment to offering a portfolio of secure, trusted and localised cloud AI technologies to our customers and partners." "Partnering with Sirius marks an exciting new chapter for our sovereign AI and cloud platform business, both in India and globally," said Arif Khan, CEO of Coredge.io "Together, we can accelerate the development and delivery of advanced AI services while upholding security, privacy and digital sovereignty principles, helping customers across the globe drive technological transformation while complying with their data ethics principles." Coredge is a promising venture with an innovative approach to sovereign cloud technology, offering highly secure, scalable and designed-for-AI cloud solutions tailored for government and enterprise clients. Its expertise in accelerating hyper local cloud service providers with stringent data sovereignty and compliance measures has positioned it as a leader in the field. Coredge aims to build the complete solution stack for sovereign data centers that will include everything from bare metal servers to services, like Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) built on open-source technologies, to enable Sirius Digitech to provide Machine Learning as a Service (MLaaS) as applications get built on its infrastructure. Sirius Digitech remains committed to supporting and investing in Coredge's sovereign AI and cloud platform business, meeting evolving customer requirements worldwide. -Ends- About Sirius Digitech Limited: Sirius Digitech Limited is a joint venture between Adani Enterprises Limited, through its wholly owned subsidiary Adani Global Limited and Sirius International Holding Limited, a subsidiary of International Holding Company (IHC). Sirius Digitech engages in building products for an integrated ecosystem of digital platforms by leveraging the expanding power of artificial intelligence (AI), Internet of Things (IoT) and Secured Blockchain Products across infrastructure industries and extending to areas that include FinTech, HealthTech and GreenTech. About Coredge.io Coredge.io is a sovereign AI and cloud platform company offering secure, scalable, and compliant cloud solutions to government and enterprise clients. Backed by Sirius Digitech, a joint venture between the Adani Group and Sirius International Holding, Coredge.io ensures data sovereignty and drives AI-driven innovations. Their technology includes a comprehensive solution stack for sovereign data centers, from Infrastructure as a Service (IaaS) to Platform as a Service (PaaS), enabling secure and efficient AI capabilities. This acquisition aligns with Sirius Digitech's mission to provide localized cloud AI technologies globally, enhancing data security and supporting digital transformation. www.coredge.io About Sirius International Holding: Sirius International Holding, headquartered in Abu Dhabi, is a subsidiary of IHC (International Holding Company) that stands at the forefront of the future of sustainability through technology and the digital transformation landscape. With a vision to drive profound change and ignite the possibilities of a better future, Sirius International Holding comprises of more than 20 subsidiaries globally, each contributing to shape today's health, climate and digital eco-system. www.siriusholding.com

Adani Group-backed Sirius Digitech acquires Coredge.io to safeguard data sovereignty - ET Telecom

Ahmedabad: Amid the global call for safeguarding data sovereignty, Sirius Digitech Ltd, a joint venture between the Adani Group and Sirius International Holding, a subsidiary of International Holding Company (IHC), on Tuesday announced the acquisition of Coredge.io, a sovereign AI and cloud platform company, for an undisclosed sum. The acquisition will enable Sirius Digitech to provide cloud services to empower organisations in leveraging sovereign cloud innovations while retaining sensitive data within their boundaries. "As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud," said Jeet Adani, Director of Adani Group. He further said that sovereign data centres become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack. "An additional benefit of this acquisition is our ability to put AI capabilities directly in the hands of organisations that require specialised sovereign cloud services for AI training and inferencing," Jeet Adani noted. Coredge.io offers secure and compliant cloud services for AI applications safeguarding data sovereignty and supports clients across Japan, Singapore, and India. "Coredge's has demonstrated a global presence with the ability to scale solutions through sovereign AI cloud services that are globally available but locally operable," said Ajay Bhatia, CEO of Sirius International Holding. "This step underscores our commitment to offering a portfolio of secure, trusted and localised cloud AI technologies to our customers and partners," Bhatia added. Coredge will aim to capitalise on the trillion-dollar global opportunity for the sovereign cloud. Its expertise in accelerating hyper-local cloud service providers with stringent data sovereignty and compliance measures has positioned it as a leader in the field. "Partnering with Sirius marks an exciting new chapter for our sovereign AI and cloud platform business, both in India and globally," said Arif Khan, CEO of Coredge.io. Coredge said it aims to build the complete solution stack for sovereign data centres that will include everything from bare metal servers to services, like infrastructure as a service (IaaS) and platform as a service (PaaS) built on open-source technologies, to enable Sirius Digitech to provide Machine Learning as a Service (MLaaS) as applications get built on its infrastructure.

Adani-IHC JV acquires cloud platform company to expand data centre offerings

Sirius Digitech, a joint venture between Adani Global and International Holding Company has acquired a cloud platform company Coredge.io to expand its offerings for data centre operations through cloud and artificial intelligence solutions. Coredgeoffers secure and compliant cloud services for AI applications safeguarding data sovereignty and has clients in Japan, Singapore, and India. Sirius Digitech has bought a 77.5 per cent in the company at ₹20,000 a share. The acquisition will enable it to provide cloud services to empower organisations in leveraging sovereign cloud innovations while retaining sensitive data within their boundaries, a release said. While the total deal value was not disclosed, sources said it was around ₹46 crore. "As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud," said Jeet Adani, Director, Adani group. Key benefit He pointed out that a key benefit in this acquisition was that it put AI capabilities directly in the hands of organisations that required specialised sovereign cloud services for AI training and inferencing. Coredge has an innovative approach to sovereign cloud technology, offering highly secure, scalable and designed-for-AI cloud solutions tailored for government and enterprise clients. It aims to build the complete solution stack for sovereign data centres that will include everything from bare metal servers to services, like Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) built on open-source technologies, to enable Sirius Digitech to provide machine learning as a Service (MLaaS) as applications get built on its infrastructure. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on July 16, 2024