In an agreement signed between Karandaaz Pakistan and Techlogix, the former will be investing $1.5m with a vision to scale three new cloud-based verticals – Business Management Software for higher education institutions; Hospital Management Information Systems; and Mobility Information Management System for large-scale sales, distribution and field forces. The growth capital investment is being financed by United Kingdom Department for International Development (UKAid).
A global decline has been registered in on-premise solutions with a shift to the cloud. Software as a Solution (SaaS) has reached 30% of total application spend – the total cloud market cap is forecasted to grow to S180b by 2018 from less than $25b in 2008 at a compound annual growth rate of 22%.
Techlogix will originally aim at scaling AlmusNet, a campus on cloud solution for higher education institutions. The demand for higher education is aggressively expanding in the developing world and because of it, there is a growing need for effective automation in processes at universities and colleges. Currently, the needs are mostly met mostly by home-grown solutions which aren’t cost-effective, lack scalability and don’t allow for integration across functions. AlmusNet offers a complete solution for colleges and universities to manage their administrative, policy, enrollment, academic, financial and community portals in a cost-effective mobile platform.
