Solix Technologies, Inc., a leading provider of Enterprise Data Management (EDM) solutions, today announced a strategic partnership with KloudData Inc., a leading business software solutions provider with deep expertise in Mobility, Analytics and Enterprise backend systems.

The two companies entered into an agreement to build, sell, and deploy big data-based solutions that target annoying of enterprise applications such as SAP Business Suite and Electronic Health Records.

The collaboration between the two companies aims at offering cutting edge solutions to solve pressing enterprise data archiving and analytics problems faced by leading healthcare, financial services, manufacturing, retail, telecom, and public sector customers. The solutions also include advanced analytics applications on data residing in enterprise 'Data lakes' that address high value business problems, such as insights from enterprise wide business records, operational and population health data, and IOT based asset traceability data.

The increasing role of Enterprise Data Management in delivering valuable, relevant and actionable insights to businesses is now on established fact," said Sol Gundavelli, Founder and CFO of Solix Technologies, Inc. He added, important to gain on understanding of enterprise wide Information Lifecycle Management for overall success of operational and analytical applications. Our partnership with KloudData is aimed at bringing solutions such as archiving SAP Business Suite Data and other domain specific analytical applications to the marketplace."

Shares of the company declined Rs 0, or 0%, to trade at  Rs 92.00.  The total volume of shares traded  was  3,100 at the BSE (11.13 a.m., Thursday).