Despite COVID-19, Nutanix, one of the A-list cloud computing companies, produced the best results. Their India business grows 42% in FY20. The latest news reports of partnership with Microsoft Azure to deliver a hybrid and multi-cloud environment and Bain Capital investment works in its favor to fulfill the demand of the customers.
We know customers are looking for solutions to truly â and simply â advance their cloud journey. This partnership helps us deliver a single software stack across public and private clouds, resulting in increased agility, streamlined operations, and significant cost savings. â said Tarkan Maner, Chief Commercial Officer, Nutanix
In this partnership, both companies will focus on extending Nutanixâs hybrid cloud infrastructure to Azure. Nutanix will work on developing its ready nodes, which will be supported by Azure for its clusters and services. Another aspect of the collaboration is to offer seamless sales and support experience.
On the other hand, the investment from Bain Capital Private Equity rose the company’s share price by 30%. Bain Capital will be investing $750 million in senior convertible notes, which are being bought at $27.75.Â
Dheeraj Pandey, Co-founder and CEO, Nutanix said the investment validates the market opportunity in front of us and positions us well with enhanced financial flexibility and resources to further scale, gain share, and remain at the forefront of innovation in our industry.
Nutanix focuses on providing a software making it easier for companies to manage their business in a cloud environment and private data centers. The company will invest the amount in growth initiatives and shift towards Annual Contract Value from Total Contract Value, which has annual contracts instead of the TCVâs 3.8-year contract periods. Also, it can be understood that investors can have a sigh of relief because of both investments from the private equity firm and quarterly results. The influx of cash is expected to address the liquidity concerns of Nutanix thus, helping it emerge as a leading cloud computing player.
Nutanixâs capability of providing a hybrid cloud platform to pair other cloud platforms makes it easier for companies to work in a flexible environment. The cloud computing giant looks forward to the investment from Bain Capital to help them sustain their position as a market leader and building a profound culture of customer experience.
