Minjar Inc., the provider of Botmetric – a service that offers customers with unified cost control and visibility into their workloads running in public clouds., has executed a definitive agreement to be acquired by Nutanix Inc.
The financial terms of the deal has been left undisclosed, while, closing of the acquisition is subject to the satisfaction of customary closing conditions.
Vijay Rayapati, CEO at Minjar, stated in a blogpost, said, “Our decision to soon join Nutanix was shaped as much by the culture and team alignment as it was by the attention for solid technology and ambition for a long-term product vision.”
Minjar: A Brief Overview
Based out of Bengaluru, Minjar was founded in 2012 by Anand Anand, Prashant Gyan and Vijay Rayapati. Through Botmetric and along with other cloud computing solutions such as SmartAssist Assurance and SmartAssist Managed Cloud, Minjar helps enterprises embrace the cloud effectively and optimises their multi-cloud environments for performance and cost.
Unused public cloud workloads running in the public cloud that are better suited for the private cloud could lead organisations to incur large, unnecessary costs on the cloud. By fixing the cloud computing system, this capital could be better spent on business-driving activities.
For companies that continue to leverage multiple cloud platforms within their broader infrastructure deployments, it becomes crucial to managing these deployments to avoid waste and spend management and cost containment are top priorities.
Vijay Rayapati, further explained,
“As companies increasingly rely on the public cloud as a part of their critical infrastructure, it’s imperative that they have full visibility into the cost, reliability and security of that infrastructure so that they can effectively manage and automate which workloads run where to maximise performance and ROI.”
Minjar had been backed by a consortium of angel investors including Ankur Jain, Rishi Bhargava, Nancy Langer, Faiyaz Shapurwala, Anurag Chandra, Raj Raman, Jocelyn Goldfein and Vishal Gupta at the early stages of its journey. The startup also counts Blume Ventures, Contrarian Capital, Emergent Ventures and Angel List among its backers.
Minjar became a Premier Partner with Amazon Web Services (AWS) in 2014, the only startup in the Asia Pacific region to achieve the feat. There are less than 50 Premier AWS global partners out of 15,000+ AWS partners worldwide.
Focussed on B2B enterprises, Minjar now boasts a clientele of more than 150, with 70% of its clients coming from the US. Some of its marquee clients include Samsung, Intuit, SolarWinds, InterTouch, JitterBit, Godrej, Aditya Birla Fashion, among others.
The company clocked $2 Mn in ARR last year, a number it is looking to push to $5 Mn this year.
How Acquiring Minjar Can Make Nutanix Upgrade Cloud Computing
Through the Minjar acquisition, the Nutanix Enterprise Cloud OS aims to offer its customers new capabilities to better manage their multi-cloud deployments.
In another blogpost, Nutanix noted, “With our prior acquisition of Calm.io, integration of the Calm product and ultimate release of Nutanix Calm, we then started on the expansion into the public cloud realm in order to bring multi-cloud provisioning and orchestration capabilities to our customers, with an applications-first mindset.”
Once the acquisition is sealed, Nutanix plans to use Minjar’s technology to bolster its Nutanix Calm automation and lifecycle management product, as well as Xi Cloud Services, a native extension to the Nutanix Enterprise Cloud OS software.
Nutanix Calm will further take advantage of Botmetric’s cloud management platform, helping customers reduce costs, save time and bring reliability to multi-cloud management. Once Botmetric is integrated with Nutanix Calm, it is expected to increase visibility into the cost of cloud deployments across multiple platforms, allowing enterprises to optimise which workloads run in which cloud.
This new feature will also offer a real-time scan for cloud compliance designed to find risks and security violations, so that companies can identify and resolve potential cloud computing security threats before they turn into business challenges, at the same time accelerating and strengthening Nutanix Xi Cloud Services by streamlining and enhancing the customer experience.
Nutanix spokesperson also noted that Minjar’s customer focus and philosophy of one-click simplicity is well aligned with their own and hence, Nutanix is looking forward to offering their customers the full breadth of Minjar’s multi-cloud capabilities while deeply integrating them into Nutanix’s Enterprise Cloud OS.
According to a new data by 451 Research shows that the future of IT is multi-cloud and hybrid, with 69% of the respondents planning to have some type of multi-cloud environment by 2019. Yet, the growth in multi and hybrid cloud will make optimising and analysing cloud expenditure increasingly difficult.
Going ahead, what new innovations the integration of Nutanix and Minjar offerings can bring on stage for companies working globally on enterprise cloud platforms, will be interesting to watch.