Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Solix Technologies, Inc. announces 2023 Results

Posted On: 2024-02-09 23:23:22 (Time Zone: IST)

As the pace of digital transformation accelerates, Solix Technologies, Inc., a leading provider of cloud data management solutions, celebrates strong customer momentum and new data management solutions to help its customers thrive in the AI-driven future. With a year marked by significant product announcements, strategic partnerships, and an expanding customer base, Solix is strategically positioned to lead in the enterprise data and AI revolution space.

Profitability and Sustained Growth:

Solix proudly announces another year of profitability and market expansion, marking a significant achievement in its journey. The company has experienced exceptional growth in excess of 50% in 2023, fueled by the growing adoption of the Solix Common Data Platform and the launch of SOLI"Cloud Enterprise AI, a generative AI and machine learning solution.

SOLIXCloud, the company's cloud data management platform, experienced exceptional growth, boasting over 60% expansion in 2023 with over 130% NRR. This remarkable uptake underscores the market's confidence in SOLIXCloud solutions.

Thought Leadership:

In October, Solix achieved a resounding success with SOLIXEmpower 2023, its annual customer conference. This year's event was a collaborative endeavor with the University of Colorado Denver Institute for International Business, and the event's theme was to explore information architecture (IA) for artificial intelligence (AI). The conference was well-attended in person and via livestream by Solix customers, industry experts, academia, and students from the University of Colorado focused on business and computer science.

Product Innovation:

Solix continued its product innovation with the release of

- SQOLIXCloud Enterprise AT - A generative AI and machine learning solution for the enterprise

- Solix Common Data Platform 3.0 - A cloud native, enterprise data platform

- Solix SafeArchive - A low-cost, mulli-cloud archive repository for historical data

Solix Users Group:

To increase focus on continued customer collaboration and product innovation, Solix proudly launched the SOLIX Users Group, an education, networking, and advocacy forum for Solix Customers. The new customer-driven organization will play a major role in setting Solix product priorities and will also hold an annual meeting at the Solix Empower 2024 conference.

Strategic Partnerships:

Solix is excited to announce strategic partnership and distribution agreements with industry leaders, including Iron Mountain, the world's largest archiving and records management firm, and Kyndryl, the world's largest provider of IT infrastructure. These strategic partnerships significantly expand our presence in the global enterprise data management landscape.

New Customer Wins:

During 2023, Solix achieved major customer wins with industry leaders such as Wells Fargo Bank, Elevance Health, Sterling Pharmaceutical Services, Cencora, FCCI, Constellation Brands, Staples, Coopervision, Sandvik, WL Gore, Corbridge Financial, Honest Company, Elida Beauty, Panasonic, Insignia Financial, and more.

Today, Solix proudly serves a diverse range of industries, including banking, insurance, consumer products, pharmaceuticals, and financial services. Solix counts among its customers:

- 3 of the top 10 banks
- 6 of the top 20 insurance companies
- 2 of the top 10 consumer products companies
- 2 of the top 10 pharmaceutical companies
- 3 of the top 20 financial services companies
- 3 of the top 20 companies overall

"In our quest to process huge and growing volumes of data across many diverse data landscapes, Solix Common Data Platform stands out as a cloud native, high performance data platform for the enterprise with complex data pipeline scenarios, all of which are essential to the digital transformation use cases," said Robin Bloor, Founder of Bloor Research.

Sai Gundavelli, CEO of Solix Technologies, Inc., emphasizes, "Solix continues to achieve remarkable growth and profitability, which is a testament to our unwavering commitment to software innovation and customer success. Our strategic parlnerships with Kyndryl and Iron Mountain will help us meet the evolving needs of our diverse customer base. As we move forward, Solix remains focused on delivering cutting-edge enterprise intelligence and AI solutions to empower data-driven organizations."

Shares of TechNVision Ventures Limited was last trading in BSE at Rs. 840.00 as compared to the previous close of Rs. 848.00. The total number of shares traded during the day was 232 in over 8 trades.

The stock hit an intraday high of Rs. 864.95 and intraday low of 840.00. The net turnover during the day was Rs. 197499.00.

Click here to send ur comments or to

Other Headlines:

The South Indian Bank Ltd approves 1:4 rights issue at Rs. 22 per share

Club Mahindra partners with The Marmara ?i?li Resort in Turkey to provide its members with holiday options in Istanbul

PVP Ventures Ltd announces a Joint Development with Brigade Enterprises Ltd

Mangal Credit and Fincorp Ltd approves preferential issue

Vikas Lifecare Ltd's Subsidiary PME Entertainment Presents Two Spectacular Events in Dubai

Genpharmasec Limited allots 27,68,59,850 Rights Equity Shares

Dow Jones and Infosys Introduce Upgraded Preference Center for Wall Street Journal Subscribers

Union Bank of India sanctions OTS of Kridhan Infra Ltd

Ceinsys Tech Ltd receives order

Ashiana Housing Ltd launches Phase 1 of Ashiana Nitara

Apollo Micro Systems Ltd receives term loan sanction from SBI

Brigade Group to expand its Residential and Hospitality Portfolios in Chennai

LTIMindtree and Eurolife FFH Sign MoU to Setup Gen Al and Digital Hubs in Europe and India

63 moons unveils disruptive technology in Cybersecurity

Airtel strengthens its retail footprint in Vijaywada

TVS Eurogrip exhibits prominent agri related products at Krishi Darshan Expo in Haryana

Infosys Foundation and the Centre for Cellular and Molecular Platforms to Strengthen Maternity Care in Karnataka

Mafatlal Industries Limited's Annual Report wins Platinum Award

Ambuja Cements Proposes Setting up a 4 MTPA Cement Grinding Unit in Godda, Jharkhand

Airtel adds 39 new stores in Chennai, doubles its retail store presence

PennWhite Limited, UK forms subsidiary in India

UltraTech Cement Limited commissions 1.8 MTPA brownfield cement capacity at Kotputli, Rajasthan

HFCL to Expand Presence in Europe with setting up of Optical Fiber Cable Plant in Poland

Vipul Organics participates in PAINTINDIA, the largest paint exhibition of the country

Ericsson and Airtel successfully demonstrate 5G FWA functionality on mmWave

Co-op Expands Partnership with TCS with a Cloud-First Strategy to Support its Business Growth and Sustainability Roadmap

Popeyes India brings a dash of Louisiana to the heart of Delhi with its first store in Chandni Chowk

Patel Engineering Ltd JV declared L1 for irrigation project worth Rs. 525.36 crores

Cosmo First wins two prestigious awards

Airtel adds 4 new stores, doubles its retail store presence in Bhubaneshwar

Zen Technologies Ltd receives order worth Rs. 93 crores

Lumos selects STL as a partner to build transformative 100% fiber optic internet infrastructure in the US

BluSmart inks multi-year PPA with Tata Power arm

Zaggle Prepaid Ocean Services Ltd enters into agreement with Arcadis Consulting

CarLelo unveils new brand identity at Women Premier League 2024

Airtel doubles its retail store presence in Amritsar, adds 3 new stores

G R Infraprojects Ltd to sell 7 subsidiaries to Bharat Highways InvIT

Bright Outdoor Media Ltd gets BSE nod for preferential issue

Valiant and CXR cooperation for Cyber Security solutions in France and neighboring European countries

Kilburn Engineering Ltd expands portfolio with acquisition of M.E Energy

Seedlings India Pvt Ltd gets patent

Garment Mantra Lifestyle Ltd to set up new wholesale hub in Surat

Satin Creditcare forays into Telangana and Andhra Pradesh

Revolt Motors accelerates presence with 15 New Dealerships Across India

Wipro and Intel Foundry announce new collaboration to Advance Chip Design and Development

Godrej Industries Limited - Chemicals features in The CDP Climate Change Leadership Index

ESAF Small Finance Bank gets ISO certification for operations

ABB India reports net profit of Rs. 338.66 crores in Q4 CY2023

IMplus Capitals Ltd consolidated Q3 FY24 net profit at Rs. 41.86 crores

GR Tarakote Sanjichhat Ropeway Pvt Ltd signs concession agreement with Shri Mata Vaishno Devi Shrine Board

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020