Dubai, UAE, March 06, 2024 (GLOBE NEWSWIRE) -- Lytus Technologies Holdings PTV. Ltd. (the “Company”) (Nasdaq:LYT), a leading global technology-driven services company, today announced the launch of Lytus Cloud, a cutting-edge suite of cloud infrastructure services with robust management capabilities. Leveraging the Company’s in-house technological expertise and one of the most popular open-source cloud management platforms, Lytus Cloud is designed to meet the escalating demands of enterprise computing, tapping into the expansive US$325.9 billion global data center market (Statista)
Lytus Cloud is strategically positioned to exploit the burgeoning demand for high-performance computing (HPC) infrastructure, fueled by advancements in deep tech such as natural language processing, large language models, and machine learning. The launch of Lytus Cloud signifies a pivotal moment for the Company, promising to deliver unparalleled flexibility, functionality, and value to enterprise clients across a spectrum of cloud services, including public cloud, private deployments, managed private clouds, Build-Operate-Transfer (BOT) Data Centers (DC), co-location, cloud consulting, and VPS and hosting services.
By offering a diverse array of cloud solutions, Lytus Technologies is set to provide a compelling alternative to traditional hyperscale cloud providers. This strategic move not only enhances Lytus Technologies' portfolio, which includes Lytus Digital, Broadband, Studios, and Tele-health, but also strengthens its commitment to delivering cutting-edge technology, exceptional customer service, and significant value to its clientele.
The introduction of Lytus Cloud is expected to catalyze growth across all Lytus Technologies' offerings, reducing cloud-related expenses and powering the deployment of state-of-the-art products and services.
This initiative marks Lytus Technologies’ transition into a major player in the cloud computing sector, with plans to rapidly expand its capacity globally over the next two years. This expansion will focus on serving US clients while also establishing a presence in key international markets.
With the massive growth in demand for cloud services, spurred on by constant disruptions in technology and the race for innovation, it’s an exciting time for Cloud Computing as an industry. Lytus Technologies is well-positioned at the forefront of this evolution, offering a unique opportunity for us to become the next big player to revolutionize this space.
Dharmesh Pandya, CEO of Lytus Technologies, added, “Lytus Cloud will serve as the foundational backbone for all of our technology-driven ventures, presenting us with a remarkable opportunity to build a cutting-edge platform that drives growth and revenue on a global scale.”