Infotech buys Bengaluru SaaS startup Zluri
By Abha Lohia ·
- Zluri builds software that helps companies find, manage and secure the SaaS apps, user identities and access rights used across their teams
- Global IT research firm Infotech has acquired it for an undisclosed sum, its first purchase in almost thirty years of business
- Zluri will run as a standalone Infotech division from Bengaluru, and its products become core modules of a new CIO analytics platform
What happened
- Infotech has acquired Zluri, a Bengaluru software startup.
- The price was not disclosed.
- It is Infotech's first acquisition in about 30 years.
- Zluri stays on as a standalone division with its Bengaluru team.
- Its discovery and identity governance tools become core modules of Infotech's new CIO Analytics platform.
Why it matters
- Gives Zluri access to a community of over 30,000 IT leaders for wider reach.
- Lets Infotech add live operational IT data to its research and advice.
- Zluri plans to hire more technology staff.
The business
- Zluri makes software to discover and manage SaaS (cloud subscription) applications.
- It also handles identity governance and administration, meaning who can access what.
- IT and security teams use it to see which apps a company's staff use.
- It was founded in 2020 and is based in Bengaluru.
The founders
Who put in money
- Lightspeed existing backer — Venture investor in Zluri
What happens next
- Zluri to expand its technology teams.
Words to know
- IGA
- Identity governance and administration: controlling who has access to which systems.
Other articles talking about it
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Mergers and acquisitions: An acquisition is when one company buys another, and a merger is when two companies combine into one. For most Indian startups, being acquired is a more likely exit than going public.
- SaaS: SaaS, or software as a service, means customers pay a recurring fee to use software over the internet instead of buying it once. The model earns steady, predictable revenue, and investors like it for that reason.
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