New Partnership Expands Cloud Computing Services to the North American Enterprise Market
Toronto — January 22, 2013 — Cloud Dynamics Inc., a global provider of data center and cloud computing solutions and MFX, a leading provider of infrastructure solutions and IT business application solutions for the P&C insurance industry, announced today a joint strategic partnership to deliver cloud-based solutions and services to their respective North American enterprise customers. The partnership will enable both organizations to leverage and enhance their complimentary solutions, strengthen their competitive positioning in the marketplace and accelerate the growth and profitability of both organizations.
“Increasingly, enterprise customers are embracing cloud services,” says VijaiKarthigesu, Chief Operating Officer, Cloud Dynamics Inc. “We are delighted that MFX has partnered with Cloud Dynamics to deliver trusted, secure, reliable cloud services to their clients. We look forward to working closely with MFX as we continue to evolve our respective complimentary solutions to meet the dynamic business demands that cloud technology is generating.”
“We are very excited to partner with Cloud Dynamics Inc. to deliver innovative, strategic cloud computing solutions to our customers. A growing number of organizations are moving to the cloud to deliver their technology services and this partnership empowers our associates with the ability to respond quickly and effectively with best-of-breed cloud and data center infrastructure offerings,” says Michael F. Wright, President of MFX’s Infrastructure Solutions Company. “We anticipate this partnership will significantly expand opportunities to deepen our existing customer relationships.”
“The cloud services provider market is forecasted to grow exponentially over the next couple of years,” remarked Kumar Ratnam, Chief Executive Officer, Cloud Dynamics Inc. “The opportunities for providers are plentiful.” According to Forrester, the cloud market will be $251 billion US in 2020 compared to $62 billion US in 2012. (Forrester: Sizing the Cloud, April 2011)
“MFX has for a decade, provided infrastructure solutions through our dedicated teams of infrastructure specialists,” said Raymond A. Roy, Chairman and CEO of MFX. “We believe that this is a classic opportunity for two dynamic, growing organizations to combine their respective strengths and evolve their complimentary capabilities to exponentially enhance their service potential to their clients and to the marketplace in general.”
About Cloud Dynamics Inc.
Cloud Dynamics Inc., based in Toronto, Ontario, is an expert in improving data center efficiency by optimizing and modernizing complex data center and cloud computing technologies and solutions. Our cloud-engineering specialists design and implement cloud processes, automated and orchestrated for maximum efficiencies. We help you transform your IT organization into a services-oriented environment, enabling efficient internal and external delivery of cloud-based services through our innovative and pragmatic approach to developing and engineering data centers designed for the cloud. For more information about Cloud Dynamics, please visit www.clouddynamicsinc.com.
About MFXchange Holdings, Inc.
Founded in 2001 as a wholly-owned subsidiary of Fairfax Financial Holdings Limited, a multi-billion dollar financial services holding company, MFXchange Holdings, Inc. combines the expertise of its data center and infrastructure specialists and the broad insurance-based knowledge of their property and casualty insurance business systems professionals to provide infrastructure solutions and insurance application solutions to those companies in the market who seek to “move at the speed of opportunity.” Headquartered in Morristown, NJ, MFX has data centers in NJ, VA and Canada. For more information, please visit www.mfxservices.com.