CoreStack Announces Grand Opening of New Facility to Accelerate Product Development and Innovation

CHENNAI, India & BELLEVUE, Wash.–(BUSINESS WIRE)–CoreStack, a global multi-cloud governance provider that enables enterprises to unleash the power of the cloud, today marked the official grand opening of the company’s new state-of-the-art office in Chennai, expanding its business operations in India and the company’s global R&D footprint.

To celebrate the opening of the office, CoreStack welcomed its customers, investors, partners and employees to the event. With over 300 employees, the new facility provides ample space for the company to continue to grow and support its growing customer base. CoreStack expects the Chennai office to outgrow this new facility within the next 12 months. With headquarters in Bellevue, Washington and additional offices in the United States, United Arab Emirates and India, the company’s expansion and increased focus on R&D efforts are paramount.

CoreStack’s NextGen Cloud Governance fabric helps enterprises, managed service providers (MSPs), and global systems integrators (GSIs) increase revenue and improve efficiency. CoreStack works with many large global customers across multiple industries including financial services, healthcare, retail, education, telecommunications, technology and government. Its AI-powered multi-cloud governance solution empowers customers with proactive and preemptive cloud governance and provides broad and deep 360-degree visibility into financial management (FinOps), security operations (SecOps), and cloud operations (CloudOps) in a single integrated pane. of glass.

CoreStack customers who graced the occasion included Ganesh Babu, CEO of AgilizTech, Vasanth Jeyapaul, CEO of CAMS Payment, and Vijay Ayyaswamy, Senior Manager, Cloud at Precision Infomatic.

“Companies around the world are considering the huge risks associated with migrating to the cloud, which if not managed properly can be catastrophic for businesses,” said Vasanth Jeyapaul, CEO of CAMSPay. “With CoreStack’s innovative AI-powered cloud governance, automation and orchestration platform, businesses like ours today can easily follow a successful digital transformation journey.”

CoreStacks investors present at the inauguration included Abhay Havaldar, Co-Founder and Managing Partner, Avatar Group Capital Partners, Anant Vidur Puri, Partner at Bessemer Venture Partners, Gokul Dixit, Venture Capital Partner at Dallas Venture Capital, Shivam Agarwal , Investment Analyst at Iron Pillar and Thiruvalluvan MG, Managing Director of Start Smart Labs.

“As investors, we are proud of CoreStack’s remarkable progress in managing over $1 billion in annual cloud consumption for its global customers,” said Abhay Havaldar, co-founder and managing partner at Avatar Group. Capital Partners. “With the addition of the gleaming new R&D facility in Chennai, we are confident that CoreStack will lead the new digital frontier of cloud governance and enable businesses to experiment more, move faster, and focus better. ”

Some of CoreStack’s partners also joined the inauguration ceremony, including Kamlesh Mahajan, Head of Sales and Marketing at Talkd, Magesh Gopal, GMA Soft, Radhika Srikumar, Associate Director at VCTI, and Ramanan Veeranan, Director of delivery – Codincity.

“CoreStack’s unique end-to-end cloud governance platform delivers the transformative value enterprises crave,” said Ramanan Veeranan, Chief Delivery Officer at Codincity. “We are truly delighted to be part of the groundbreaking of CoreStack’s new facility here in Chennai, and wish them much success in unlocking the power of the cloud for our mutual customers through groundbreaking cloud governance.”

“The opening of our new office in Chennai is a remarkable milestone which is the result of our rapid growth and our commitment to developing the most robust NextGen cloud governance solutions through this additional R&D presence,” said Ezhilarasan Natarajan. (Ez), CEO of CoreStack. “We are excited to continue our growth and presence in Chennai’s emerging tech ecosystem.”

An invigorating panel was part of the opening ceremony to discuss – Cloud Market Opportunities, Trends and Adoption Challenges – with panelists Subhashis Sen, Director of Cloud Solutions at Oracle, Raghavendran Balasubramaniam, Head of SMBs at Amazon Cloud Services , and Pandiya Kumar Rajamony, CEO at Codincité.

Attendees also had the opportunity to participate in a fireside chat – Recession Clouds are Raging. Will the Digital Cloud be Resilient — moderated by Abhay Havaldar with Nishant Malhotra, Principal at DC Advisory, Thiruvalluvan, Managing Director at Smart Start Labs, Gokul Dixit, Venture Partner at Dallas Venture Capital, and Shivam Agarwal, Investment Analyst at Iron Pillar.

For more information on the opening of the Chennai office and to learn more about career opportunities with CoreStack and vacancies, please visit: www.corestack.io/careers

To see the photos of the inauguration, go to: https://www.corestack.io/inauguration

About CoreStack

CoreStack is a NextGen cloud business accelerator that enables enterprises to predictably increase revenue, improve efficiency, and gain competitive advantage with real-time, AI-powered cloud governance on autopilot . CoreStack’s FinOps, SecOps, and CloudOps solutions encompass, enhance, and extend cloud native, enable reporting, recommendation, remediation, and provide single governance across multiple clouds. With executive dashboards for comprehensive, real-time insights, CoreStack delivers transformative value such as a 40% increase in operational efficiency, a 50% decrease in cloud costs, and quality assurance and compliance. 100% security. CoreStack helps more than 300 global enterprises manage over $1 billion in annual cloud consumption. Frost & Sullivan, Gartner, and IDC have recognized CoreStack as an innovator and leader in cloud management. CoreStack is backed by strategic advisers, including the ex-CEO of Wipro and the ex-CIO of Microsoft. The company is a Microsoft Azure Gold Partner, Amazon AWS Advanced Technology Competency Partner, and Google Cloud Build Partner. To learn more, visit www.corestack.io

Gary C. Lisi