Xoriant Acquires CloudIO To Accelerate Enterprise Digital Transformation - GADGETS & INNOVATIONS


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Thursday, April 18, 2019

Xoriant Acquires CloudIO To Accelerate Enterprise Digital Transformation

Acquisition helps Xoriant offer solutions in IoT automation, Supplier Collaboration and Management, and Financial Statement Analysis 

Xoriant Corporation, with headquarters in Silicon Valley, a product engineering, software development, and technology services company, today announced the acquisition of CloudIO, an enterprise grade solution provider in the areas of IoT, supplier collaboration, and financial statement analysis.

CloudIO's digital transformation framework enables enterprises to build custom business solutions leveraging pre-built applications. CloudIO applications leverage existing IT investments, can be deployed quickly with an intuitive user interface and can be built incrementally providing immediate business value and rapid ROI. CloudIO offers various pre-packaged applications powered by its CloudIO framework including:

Supplier Collaboration & Management enabling purchasing & finance professionals to onboard and engage with vendors at scale.

Financial Statement Generator, integrated with Oracle EBS and with a powerful and interactive UI, helping controllers & financial analysts to dig deep down into financial data across General Ledger and SLA for financial statement lineage.

IoT automation framework for building micro apps to proactively manage, monitor, and optimize IoT devices leveraging cloud first frameworks.  

SUNNYVALE, California and MUMBAI, April 18, 2019

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