UCX Announces Global Expansion into India

Creates partner exchange to serve the needs of growing Indian IaaS marketplace.

CHICAGO, Ill., June 26, 2015 (GLOBE NEWSWIRE) — via PRWEB – UCX, the Universal Compute Xchange, is announcing it’s global expansion with the creation of a partner exchange based in India specifically designed to service the needs of the growing Indian marketplace for IaaS. The formation of ICI, the India Compute Interchange, builds on the recent successful transactions on UCX for their benchmark WAC (Workload Allocation Cube) Financial Contract. The initial transactions, and subsequent delivery of contracts, along with the expansion into India is further proof that the industry is ready for a transparent, central marketplace for IaaS. With a talented team of executives and employees, ICI has already received a number of LOI’s (Letters of Intent) from all sectors of the Indian economy requesting services for measuring, forecasting and transacting ‘The Cloud’.

“We couldn’t be happier with the response we are getting from both the public and private sectors for the WAC concept in India” said Swapon Adhikary, COO of ICI. “ICI is positioned perfectly to advance the Prime Minister’s ‘Digital India’ initiative and help make India the pan-Asian hub for the trading of cloud compute processing.”

Jack Bouroudjian, co-founder of UCX says, “With the creation of our partnership with ICI, UCX grabs a foothold in one of the fastest growing digital economies in the world and proliferates the concept of trading IaaS globally. We are thrilled to be associated with the finest team in India and help with the Prime Minister’s plans to make India the ‘digital’ leader of Asia in the 21st century.”

About UCX

UCX has created an electronic spot exchange to help Enterprise Organizations and Cloud Service providers manage their financial IT Infrastructure risk exposure by trading the cloud as a commodity. UCX has creating the first centralized, transparent exchange that brings both enterprise organizations and cloud service providers together to engage in price discovery, trade execution and the physical delivery of compute resources using one standard unit of measure, providing apples to apple comparisons, operational agility, market and capital efficiencies. UCX has been named as an​ ​AlwaysOn Top 50 Emerging Company for Financial Technology. To learn more about UCX and the executive team visit https://ucxchange.com/aboutus/. To learn more about ICI and the executive team visit http://icixindia.com/

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