CloudMultiply, a newly launched cloud startup, enables enterprises to build the Next-Generation IT organization by empowering them to meet the competing demands of IT and lines of businesses. Its new Hybrid IT Solution (HITS) is a unique platform that combines private cloud, public cloud connectors, internal app store and external app store connectors into a one-stop solution.

Adoption of cloud services is skyrocketing and the market is expected to grow at 17.4% CAGR to $250B by 2017. This means almost one in three applications will run in the cloud. However, explosion of cloud service use in enterprises today comes with the very real problem of management and control. Today's IT departments are grappling with a significant Shadow IT problem and need to regain control.

CloudMultiply gives control back to IT while preserving the agility, choice and speed demanded by line of business. The HITS solution can:

• Build OpenStack in the time it takes to have lunch. CloudMultiply Cloud Builder installs new and connects to existing OpenStack instances across geographies in a matter of minutes through a simple interface. It can provision varied configurations to support the desired choice of network and storage elements.
• Connect to the public cloud of your choice. CloudMultiply Cloud Connector connects to IaaS clouds of your choice, applies policies and provisions services from a single portal quickly. It also ensures compliance, tracks usage and charges the right cost center.
• Catalog applications relevant to your business. It is easy for line of business to build and maintain a catalog of applications that are relevant for its needs, leaving IT to deal with operations thereby paving the way for DevOps.
• Manage using a single pane of glass. CloudMultiply Console provides a single pane of glass to forecast, monitor, optimize, measure and bill services. The intelligent policy and analytics engine accommodates granular policies around security, geographies, licensing & compliance. Predictive analytics helps IT plan investments months in advance.

"As-a-service model and multisourcing has become the norm for software consumption. Today's IT is not adequately geared to support this model and will have to retool themselves to behave more as service brokers to deliver the needed IT services for an organization", said Al Etterman, former CIO, JDSU. "CloudMultiply is addressing the need for an integrated platform that empowers IT to be this service broker."

"There is a clear gap between cloud point vendor solutions available today and what IT departments need. The gap to be bridged is one of integration among the various solutions back into the costing systems of the company," said Srivatsan Desikan, Founder and CEO of CloudMultiply.

"I noted that a number of enterprises were struggling to achieve this in-house, which led me to develop a platform that can build, connect, catalog and manage clouds with ease," Desikan said.