SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, and Infosys (NSE, BSE, NYSE:INFY), a global leader in next-generation digital services and consulting, have announced a collaboration to advance the shift of SolarWinds solutions to a new SaaS model. Through this engagement, Infosys will leverage its engineering capabilities to accelerate the SaaSification of SolarWinds products and platforms built to provide customers increased visibility in highly complex hybrid and multi-cloud environments.
This collaboration is a key component of the SolarWinds strategy to offer accessible, highly effective, and value-based solutions built to empower its customers to accelerate their digital transformation efforts - regardless of where they are on their journey to the cloud. SolarWinds recently launched its first fully integrated cloud-native solution with the launch of SolarWinds Observability on October 19, 2022. The new SaaS platform provides unified and comprehensive visibility for today's modern, distributed, hybrid, and multi-cloud IT environments. The collaboration with Infosys will enable SolarWinds to accelerate its own path to SaaSification to continue serving customers whether they are fully on-premises, hybrid, or fully in the cloud.
As more companies move IT systems and business functions from on-premise to the cloud, it has become more important than ever for enterprises to underpin their practices with robust, secure multicloud and hybrid cloud solutions. SolarWinds believes this will accelerate its go-to-market strategy by shifting the company's industry-leading on-premises products to SaaS-based models.
SolarWinds chose Infosys to assist in accelerating its SaaSification journey for its rich cloud capabilities and proven success in advancing enterprise cloud journeys. With Infosys Cobalt, SolarWinds gains access to over 35,000 assets and over 300 industry cloud solution blueprints designed to make its transition from on-premises to SaaS seamless.
Sudhakar Ramakrishna, SolarWinds President and CEO, said, "We're excited to work with Infosys to transform our application delivery in a software-as-a-service model. We've already begun moving to our new SaaS model with the launch of our comprehensive SolarWinds Observability offering and we now have a framework to quickly transition our other monitoring and observability solutions across network, infrastructure, systems, database, applications, and ITSM to this new model. With Infosys, we're confident we'll be able to drive more market share with SaaSification."
Rohini Kasturi, SolarWinds Chief Product Officer, said, "Ensuring a smooth customer experience-regardless of where our customers are on their cloud journeys-is vital to our success at SolarWinds. Our collaboration with Infosys will enable us to modernize our customers' operations while improving their business outcomes. We're excited to take advantage of working with Infosys to further embrace SaaSification."
Anand Swaminathan, EVP, Communications, Media, and Technology for Infosys, said, "Our goal at Infosys is to enable the SaaSification of products and platforms to accelerate digital transformation. With Infosys Cobalt, we are excited to help SolarWinds' successfully navigate their digital transformation journey to deliver on customer expectations and boost revenue."
Shares of Infosys Limited was last trading in BSE at Rs. 1277.65 as compared to the previous close of Rs. 1252.55. The total number of shares traded during the day was 190877 in over 8580 trades.
The stock hit an intraday high of Rs. 1279.75 and intraday low of 1254.95. The net turnover during the day was Rs. 242591908.00.