Adani-Sirius JV announces acquisition of cloud platform company Coredge.io

Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), on Tuesday announced the signing of binding agreements for the acquisition of Coredge.io Private Limited, a cloud platform company.

According to a press release, this acquisition will enable Sirius Digitech to provide cloud services that empower organizations to leverage sovereign cloud innovations while retaining sensitive data within their boundaries. Coredge aims to build the complete solution stack for sovereign data centers that will include everything from bare metal servers to services, like Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) built on open-source technologies, to enable Sirius Digitech to provide Machine Learning as a Service (MLaaS) as applications get built on its infrastructure.

The company that the JV will be acquiring offers secure, scalable and designed-for-AI cloud solutions tailored for government and enterprise clients. On plans to further expand in the country, the official statement said 'Coredge will aim to capitalize on the trillion-dollar global opportunity for sovereign cloud.'


“As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud. Sovereign Data Centers become extremely important for protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack,” said Jeet Adani, Director of Adani Group.

“Partnering with Sirius marks an exciting new chapter for our sovereign AI and cloud platform business, both in India and globally. Together, we can accelerate the development and delivery of advanced AI services while upholding security, privacy and digital sovereignty principles, helping customers across the globe drive technological transformation while complying with their data ethics principles," said Arif Khan, CEO of Coredge.io.

Sirius Digitech Limited is a joint venture between Adani Enterprises Limited, through its wholly-owned subsidiary Adani Global Limited, and Sirius International Holding Limited, a subsidiary of International Holding Company (IHC).