NetFoundry, a software and business developed as part of Tata Communications’ Shape the Future innovation and entrepreneurship programme, has become an independent subsidiary within the Tata Communications Group. NetFoundry passed the $1 million annual recurring revenue (ARR) milestone in less than two years of selling its services, growing ARR by over 50% on a quarter-over-quarter basis for the past three quarters.
Through this spin-off, Tata Communications aims to help the North Carolina-based company to accelerate its growth further. This is an exciting milestone for not just NetFoundry but also for Tata Communications’ Shape the Future, setting a great precedent for scaling other similar breakthrough ventures from this programme.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
