September 21, 2020, BELLEVUE, WA — CoreStack, a global enterprise cloud governance provider that empowers enterprises to achieve continuous and autonomous cloud governance at scale, today announced the joining of former CEO of Wipro, Abidali Neemuchwala as Strategic Advisor. Abid, an industry veteran with decades of experience in large-scale digital transformation programs, brings invaluable experience to CoreStack as the company accelerates its growth momentum.
Abidali Neemuchwala joins CoreStack as it continues to expand globally with marquee customers and earn recognitions from industry analysts such as IDC and Gartner. CoreStack was recognized as IDC Innovator in Cloud Management Solutions and in the Gartner Magic quadrant for Cloud Management Platforms in 2020. Earlier in 2019, Gartner named CoreStack as a Cool Vendor in Cloud Computing.
CoreStack’s customers see significant bottom line improvements, for example:
- 20%-60% decrease in cloud costs
- 40% increase in cloud operational efficiencies
- 100% compliance with industry standards, benchmarks and best practices
- 30%-50% reduction in costs associated with compliance certifications
- 60%-80% improvement in overall operational automation
“We are thrilled to welcome Abid to CoreStack,” said Ezhilarasan (Ez) Natarajan, CEO of CoreStack. “As a seasoned statesman of IT services industry, his deep insights into challenges faced by CXO’s will greatly help CoreStack in furthering our efforts in our journey to helping enterprises efficiently adopt cloud as a part of their digital transformation initiatives. We are looking forward to his strategic acumen as we continue our rapid growth,” Ez added.
Abidali Neemuchwala was the CEO and managing director of Wipro from 2016 to 2020. Earlier, he was group president and COO of Wipro. Prior to that, he was CEO of BPO division of Tata Consulting Services (T). As CEO of Wipro, Abid oversaw $8 billion in revenue and more than 160,000 employees serving clients across six continents. Abid recently joined Dallas Venture Partners (DVP) as a Venture Partner.
“While cloud adoption is rapidly on the rise in enterprises, so are the issues with ballooning cloud costs, operational hassles, and compliance worries. CoreStack is uniquely positioned to solve these problems with their AI-powered cloud governance,” said Abid. “I’m delighted to advise CoreStack to help them with their next phase of growth as they’re on the path to truly making a difference for enterprises embracing cloud to expedite their digital transformation strategies.” he added.
About Abidali Neemuchwala
Abid began his leadership journey with Tata Consulting Services (TCS) and has established himself as an inventive leader with a remarkable career spanning multiple countries and organizations. Abid was Chief Executive Officer and Managing Director of Wipro Limited overseeing $8 billion in revenue and more than 180,000 employees serving clients across six continents until June 2020. His passion about nurturing innovation, mentoring startups and celebrating entrepreneurship roots back to stewarding Wipro Ventures, the strategic investment arm of Wipro Limited that raised $100 million in 2015 & $150 million in 2020. Over the course of a 28 year long distinguished career in the global IT services industry, Abid has established a reputation as a bold transformative thinker with deep operational knowledge and broad strategic insight in building and scaling businesses. Abid currently serves as Venture partner for Dallas Venture Partners, is on the boards of Virtusa (VRTU), the World Affairs Council of Dallas Ft. Worth and the Secretary on the board of the Texas Economic Development Corporation.
About Dallas Venture Partners (DVP)
Dallas Venture Partners (DVP) is a Dallas/Irving, Texas based venture capital company with a focus on investing in early stage B2B software companies and ambitious entrepreneurs looking to partner with investors who have been in their shoes through hands-on support in the areas of product and market development. Founded by Dayakar Puskoor a pioneering Dallas based venture capitalist with a record of investments in 21 companies and has generated five exits to date. Some examples of Dayakar’s pioneering investments include: Kore.ai, Altia Systems (Acquired for $125M), Hyperverge, Felix Healthcare, CoreStack, Amplifai, Viviota and others with a combined portfolio enterprise value that exceeds US $1 Billion. DVP will focus on the management of an evergreen fund to provide broad, continuous, and repeat investment opportunities. DVP has offices in Dallas/Irving & Hyderabad, India. For more information, please visit: www.dallasvp.vc
CoreStack, an AI-powered multi-cloud governance solution, empowers enterprises to rapidly achieve Continuous and Autonomous Cloud Governance at Scale. CoreStack enables enterprises to realize outcomes such as 40% decrease in cloud costs and 50% increase in operational efficiencies by governing operations, security, cost, access, and resources. CoreStack also assures 100% compliance with standards such as ISO, FedRAMP, NIST, HIPAA, PCI-DSS, AWS CIS & Well Architected Framework (WAF). Enterprises face significant cloud challenges including unpredictable and unabated cloud costs, ever growing security risks, stringent regulatory compliance needs and operational complexities as they navigate the digital transformation journey. CoreStack helps enterprises overcome these challenges by offering deeper cloud visibility, preventative governance guardrails, and automatic remediation. With a unique Cloud-as-Code approach that uses deep AI/ML, declarative definitions, connector-less model and a patented cloud service-chaining technology, CoreStack continually innovates to harness the real power of cloud. CoreStack works with many large global customers across multiple industries including Financial Services, Healthcare, Retail, Education, Telecommunications, Technology and Government. The company is backed by venture investors including Dallas Venture Partners (DVP), Z5 Capital and Start Smart Labs. CoreStack was recognized as IDC Innovator in Cloud Management Solutions and in the Gartner Magic quadrant for Cloud Management Platforms in 2020. Earlier in 2019, Gartner named CoreStack as a Cool Vendor in Cloud Computing. CoreStack is a Microsoft Azure Gold & Co-Sell Partner and Amazon AWS Advanced Technology Partner. Learn more at www.corestack.io/discover
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