MSys is based in Georgia.
By Deepak Chitnis
WASHINGTON, DC: Georgia-based cloud computing firm MSys Technologies has acquired Pune-based Clogeny Technologies, an IT firm that also specializes in cloud-based data storage solutions.
According to a press release, which announced the acquisition, Clogeny will work as a fully owned subsidiary of MSys Technology’s India and US-based branches, and will continue to work out of Pune. The company will be re-branded as MSys Technologies, and all future interactions with clients and other companies will be done with that name. Both companies said that they will “work closely to share expertise and combined value to their existing and future customers.”
Clogeny’s current CEO, Kalpak Shah, will become the CTO of MSys Technologies, and Clogeny CTO Chirag Jog will become VP of the company’s Cloud Business Unit. On the company website, Clogeny announced that it was “proud” of the acquisition, saying that it “gives both companies the ability to extend their service portfolio, provide world-class technical expertise, and accelerate growth.”
Founded in 2009, Clogeny has a client list of over 35, and provides innovative data solutions for companies in all kinds of sectors.
MSys Technologies was founded in Chennai in 2007, by current CEO Sanjay Sehgal. Within a few years, the company expanded its base of operations to Johns Creek, Georgia, with another main office in Bangalore. The company now employs around 300 employees in both the US and India, and has clients in the US and Europe.
“Clogeny’s expertise and capabilities captured our attention,” said Sehgal, in a statement. “When we thought about how it will enable us to support a broader software ISV ecosystem and provide a deeper level of services to our current customers, it was easy to come to this decision. Through Clogeny we will also get a set of strong, talented engineers in Pune, India, which is the hub for file system, cloud, and storage management technologies.”
The acquisition of Clogeny is part of MSys Technolgy’s expansion plan, and is the latest in a string of Indian IT start-ups being bought out by larger, US-based firms. Earlier this week, US-based ActMobile Networks announced that they were acquiring the Bangalore-based Colimetrics Software in an all-stock buyout.
Additionally, larger corporations have been expanding into India in order to tap into the country’s growing youth demographic and climbing Internet and mobile device usage. Companies like Google, Facebook, and Apple have all clocked significant acquisitions in India over the last year or two, such as IT security firm Imperium, app diagnostic firm Little Eye Labs, and social media company Topsy, respectively.