RP tech India will take a majority stake in ZNet and will invest in enhancing R&D capabilities and upskilling technical manpower to support latest technologies like cloud, IoT, AI, et cetera. ZNet will continue to operate as an independent legal entity and various existing brands of ZNet would continue to operate as normal. Financial terms of the acquisition were not disclosed.
“This partnership is a win-win for both RP tech India and Znet,” said Mr. Kapal Pansari, Director at RP tech India. “RP tech India’s vast IT distribution network and financial backing, supplemented with ZNet’s Technical expertise at the back-end will help propel this partnership to become the No. 1 distributor of end-to-end IT infrastructure including new age cloud services in the next 24 to 36 months.”
Major Cloud Providers
Founded in 2009, ZNet Technologies offers a wide range of services – from domains to high-end cloud infrastructure managed services under the ZNetLive brand. It offers infrastructure services from leading cloud vendors like Microsoft, AWS, Alibaba, Google and its own data center based offering to its customer base. As one of the very first Microsoft CSPs in India, ZNetLive powers well over 90,000+ websites and applications globally.
“With the commoditization of cloud, we want to be able to use RP tech India’s distribution channels to take cloud services to the masses,” said Mr. Munesh Jadoun, Director of ZNet Technologies. “ZNet is well equipped to deliver multi-cloud services efficiently, with highly-skilled Certified Cloud Professionals and by using our own ‘RackNap’ Cloud Services Automation and Billing Platform. We will work closely with major cloud providers and ISVs to drive cloud consumption. With Digital Transformation gradually becoming the norm for businesses, we can accelerate this transformation for our customers with our capabilities.”
Read more at IT & Mobility Distributor RP tech India Buys ZNet Technologies on Website Hosting Review.