MG Consultants invests in Nimbus Venture

MG Consultants (Pvt) Ltd, a leading provider of multi- disciplinary consultancy services in Sri Lanka, has expanded their portfolio by investing in local IT start-up Nimbus Venture (Pvt) Ltd.

Nimbus Venture (Pvt) Ltd specializes in GPS vehicle/asset tracking and management offering an extensible product which can be integrated with other systems to meet the needs of multiple sectors or domains, where fleet or asset management is crucial to productivity and profitability. In addition to the solutions offered by Nimbus, third party applications will be integrated addressing both corporate and consumer segments, provisioning a 'Platform as a Service' for developers who will target transport and related asset tracking and management applications, according to a media release from the company.

Since the company's inception over 17 years ago, MG Consultants (Pvt) Ltd (MGC) - a consultancy firm in a range of activities - has supported development initiatives of the country by providing consultancy services to many large and complex projects funded by government agencies, major donor organizations and interna- tional development organizations that contribute to the socio-economic growth of the country.

Ranjith Gunaratne, Managing Director of MG Consultants said, "we were excited when Nimbus Venture approached us with their proposal that outlined their use of new technologies, and its potential to grow that we decided to invest in order to nurture this start-up and bring their cutting-edge technology to the Sri Lankan market. We also see immense potential for this technology in foreign markets and will be looking at opening up opportunities overseas".

Commenting on the new partnership, Sanjaya Karunasena, Chief Technology Officer of Nimbus Venture noted that, stated, "I am confident that with the backing of MG Consultants, Nimbus will be able to accelerate the development of the new technology platform so that we can take Sri Lankan ICT expertise to the global stage".