NIIT ties up with Microsoft to speed up cloud adoption at enterprises
Homegrown IT services firm NIIT Technologies is partnering with tech giant Microsoft to drive cloud adoption at enterprises, the companies said in a statement.
The collaboration will focus on cloud migration, infrastructure management and business applications as a managed service on Microsoft's cloud platform Azure.
Gurugram-based NIIT, which is a listed firm, said that its deep industry expertise will help the company to manage the entire lifecycle for its enterprise customers including commercials and support, and deliver integrated end-to-end solutions.
The companies will together develop and deliver a spectrum of technology solutions for enterprises globally across banking and financial services, travel and transportation, and insurance segments and also help them migrate to Azure.
“This brings together our deep domain vertical expertise along with our differentiated intellectual property built on emerging Microsoft technologies such as artificial intelligence (AI) and predictive analytics to accelerate the digital journey of our clients,” said Sudhir Singh, chief executive at NIIT Technologies.
The partnership is also looking to offer solutions that enable enterprises to become more agile, improve reliability and reduce operating costs while enhancing customer experiences, the companies said. NIIT added that it had closed deals with three large customers during the last quarter under this partnership.
"Our focus is to not only integrate AI capabilities into products and cloud services but also enable its partners to leverage these AI capabilities and also to build AI-powered solutions, which empower employees, engage customers, optimise operations and transform products," said Gavriella Schuster, corporate vice president at Microsoft.
According to NIIT, with the increasing cross-border investment in the banking and financial sector, the collaboration will enhance real-time management of investor portfolio across geographies.
Similarly, this collaboration will augment seamless financial transactions for people booking online, travelling abroad and for tour operators, contributing to enhancing service delivery and operational efficiency of organisations in those industries.
For the insurance sector, the solutions will enhance real-time communication between field representatives, employees and customers, helping them to process claims faster, NIIT said.
NIIT had reported consolidated revenue of Rs 2,991 crore for the financial year 2017-2018 while its net profit stood at Rs 309 crore. The company, which was an IT training solutions provider during its early stages, has evolved into an IT solutions and services company over the years. It has more than 10,000 employees worldwide.