33% Yearly Growth for MSys Technologies in 2017

MSys Technologies LLC, a technology services company focusing on datacenter technologies such as storage, virtualization, cloud computing, and big data analytics, has released its annual growth statement for the fiscal year 2016-2017.

The business has been steadily expanding, and the overall growth is 33% higher than in 2016.

Milestones Achieved
MSys achieved worldwide acclaim when it was awarded the IE 20 prize in 2017, and was recognized as one of the fastest growing storage companies in the world. This helped the company establish itself as a recognized product engineering company in the storage realm. Besides demonstrating a Y/Y growth of 33%, the company has seen a steady increase in its workforce by bringing approximately 200 employees into the family in the past year. This upward trajectory in employee strength resulted in a new office space in Bengaluru in July 2017.

In April 2017, MSys announced the acquisition of DigiFutura Technologies, an application design and development company based out of Bengaluru. This strategic deal allows MSys to provide end-to-end product-testing, engineering and design development services across industries in a more comprehensive fashion than before, with less outside dependency.

Client Expansion
In the coming year, MSys will add to its portfolio of clients, by using its experience to build synergies across business units and functions to provide deeper customer intimacy to clients. Some key clients that have joined hands with MSys in the last year include an enterprise grade hyper-converged infrastructure company, a platform for hyper-converged secondary storage solutions, a world leader in data management systems, and an American supplier of programmable logic devices.

The Road Ahead
Talking about the year 2018, CEO Sanjay Sehgal adds: “MSys continues to explore opportunities to acquire companies that help us expand our horizons into cutting edge technologies, newer markets and innovative business models. We have also chalked out a plan to increase the range of services and technology offerings to current markets and customers by focusing on digital technologies and transformation spaces especially in AI, machine learning and data science.”

In line with trends of the recent past, the vendor is looking at growth both from an organic and inorganic standpoint. The organization will also provide services and technology services across the entire value chain within the data center technology industry, encompassing storage, networking and virtualization.

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