Airtel said that it has acquired a strategic minority stake of 7% in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program.
Navi Mumbai-based Cnergee specializes in integrated networking solutions over the cloud for businesses of all sizes. Cnergee has developed a range of 5G ready software tools for Network as a Service (NaaS) that can be deployed at scale to enable zero-touch service provisioning, central remote monitoring, and management of all connected devices with a host of real-time analytics.
Airtel said that the stake acquisition will enable it to sharpen its NaaS proposition for Small and Medium Businesses (SMBs) who are looking to accelerate their shift to cloud-based applications. Airtel already offers 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 boost Airtel’s ‘Work From Anywhere’ solutions portfolio as businesses look to adopt hybrid work models in the post-pandemic world.
Ajay Chitkara, Director and CEO – of Airtel Business said: “As businesses move 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.”
Airtel Start-up Accelerator Program invests in early-stage start-ups engaged in developing solutions based on new-age technologies which also complement Airtel’s Digital vision across segments.