The Hindu Business Line : Netmagic plans more data centres

To bridge the gap, the company has drawn up a major expansion plan on an investment of Rs 100 crore. It recently raised Rs 80 crore through private equity funding, led by Fidelity International Ltd and Nexus India Capital, and mopped up the remaining Rs 20 crore from accruals.

Its Founder and Chief Executive Officer, Mr Sharad Sanghi, told Business Line that the expansion would include branding, building multiple data centres across the country and providing remote infrastructure management services.

The company has four data centre facilities — three in Mumbai and one in Bangalore at present. Besides these, it has a virtual data centre in the US. “We are looking to build some more mission-critical data centres,” he said. The company has established a development centre in Pune.

On the need for such facilities, he said “Organisations need to focus on core competence to take advantage of the economies of scale. Further, such mission-critical data centres are capital intensive. The smaller companies may not have the wherewithal, a separate IT department and retain IT professionals, and ability to cope with technology obsolescence. Managed IT service providers would take care of these issues.”

Has the market matured? “The mindset has to change. The small and medium enterprises have just started to look at outsourcing managed enterprise services. This is visible from the data centre space bookings in Mumbai. By the time we build and operationalise the second data centre in Mumbai, we expect the entire space to be sold out,” he said.

More Stories on : Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Interra plans KPO centre

Plan approval within 60 days for IT buildings in TN

Nuevora to expand here

SAP India has ‘firm grip’ on SMEs

Netmagic plans more data centres

Joost buys Nimbus clip rights

New Horizons to assist Mizoram in IT foray

HP restructures R&D division

Infotech Enterprises set for next phase of growth

3-in-1 devices gain at the cost of plain vanilla printers