This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IBM SmartCloud Underpins Avnet's New Custom Cloud Computing Services For Small And Midsize Businesses In India

BANGALORE, India, April 2, 2013 /PRNewswire/ -- IBM (NYSE: IBM) today announced that Avnet Technology Solutions, the global IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), has selected IBM SmartCloud as the foundation for Avnet Cloud Solutions, a portfolio of cloud offerings for small and midsize businesses in India. With IBM SmartCloud, Avnet offers compute and storage capabilities in a utility model and structures customized solutions such as disaster recovery and managed services.

(Logo: )

Avnet has a strong presence in India, where it is expanding its portfolio of services to include customized cloud solutions for small and midsize businesses across various industries, including retail, logistics, manufacturing, banking and financial services, public sector and education, among others. Cloud computing holds tremendous potential for a significant number of small and midsize Indian enterprises with limited IT resources. IBM SmartCloud will enable Avnet partners to offer their customers access to enterprise-level IT at affordable price points without additional investment in infrastructure, security, back-up, upgrades and maintenance. This partnership will help those customers derive benefits by adopting a robust cloud architecture and service model, leapfrogging the traditional investment in enterprise IT.

"As the need for a robust, yet affordable, IT infrastructure rises, cloud computing presents a significant value proposition to customers and service providers," said Naresh Desai, general manager, Avnet Technology Solutions, India. "Powered by IBM SmartCloud, our portfolio of cloud solutions will help our clients address their business requirements and drive growth."

An enterprise-class public cloud infrastructure-as-a-service (IaaS), IBM SmartCloud delivers secure and scalable hosted IT infrastructure with on-demand access to virtual server and storage resources. Leveraging the transformational capabilities of IBM SmartCloud, Avnet Cloud Solutions will enable companies to focus on their core operational activities without having to pay extra for ownership of IT systems or to invest large amounts of capital for IT projects. The organizations will also be able to reduce cost through a shift from capital expenditure (CAPEX) to monthly operation expense (OPEX) model.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs