The companies signed a formal MoU announcing their collaboration to provide Cloud Services
Avanza Solutions signed a Memorandum of Understanding (MOU) with Multinet on January 22, 2014 in Karachi announcing collaboration on delivering Cloud Services together, whereby Avanza’s cutting-edge banking and business software will be offered as a service (SaaS) on Multinet’s infrastructure. This strategic alliance will help Avanza Solutions to provide convenient value-added cloud services, ultimately bringing greater efficiency and smarter experience to the clients, hosted on Multinet’s reliable data centers.
The Memorandum of Understanding on the delivery of Cloud Services was signed by Mr. Mahmood Kapurwala (CEO, Avanza Solutions) and Mr. Adnan Asdar (CEO and Executive Director, Multinet Pakistan) in the presence of other senior officials from both companies.
According to this MoU, the companies will together provide Cloud Services by combining the advanced software solutions provided by Avanza hosted in Multinet’s datacenters on Software as a Service (SaaS) and Business Process as a Service (BPaaS) models, allowing customers access to this service from virtually anywhere, on zero capital expenditure and significantly lower operating expenditures.
Trends in the economic outlook of investment decisions in IT are undergoing drastic changes and a significant shift in the spending patterns of organizations can clearly be observed. Particularly when the issue is funding technological solutions, more and more organizations are moving towards an Operational Expenditure model (OPEX).
Advanced IT solutions offer cost-conscious organizations many monetary and operational advantages, while enabling them to conduct their business in an easier and smarter manner. Cloud-based IT services, especially Software as a Service (SaaS) model, are means of delivering software solutions over the Internet as a service. That is, instead of installing and maintaining the software, one can simply access it via the Internet without indulging into complex software and hardware management.
Having over 13 years of offering banking and ADC solutions in Pakistan, Middle-East, and Africa, Avanza enjoys over 45 percent market share in Pakistan. With this new collaboration Avanza Solutions will provide a more cost-efficient way to conduct business, catering to a wider variety of organizations.
Speaking during the event, Mr. Kapurwala (CEO, Avanza Solutions) said, “Cloud services are the future and we are delighted to be one of the first ones headed towards that future. Avanza Solutions has a vision to provide seamless and more efficient services to the customers and with this arrangement we step closer to that vision. To provide the best solution to our customers in the region, we required state-of-the-art and reliable data centers to host our advanced business applications, we are pleased to have signed on with Multinet Pakistan in that regard. We plan to take our key products on cloud through this collaboration.”
Mr. Asdar, CEO and Executive Director, reciprocated, “We aim to provide the best support, in the form of our state-of-the-art data centers and our flagship all-fiber, all-business cross Pakistan network, to Avanza Solutions to ensure a reliable and efficient delivery of the service. We are committed to providing the best to the business market with our partners.”