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Netmagic plans to add two data centres

Posted on: November 11, 2011


  • Data centre services provider Netmagic plans to add two more data centres to its operations. The company that has seven centres now will add resources to cater to the booming Indian market, senior company official said.

 

  • Jayabalan Subramanian, chief technology officer of Netmagic said, “We have data centres in Mumbai, Chennai, Bengaluru and Noida. By January, we plan to add one more centre in Mumbai and by late 2012, we would want to have another in Bengaluru. At present, we have the capacity to fund all our expansions through internal accruals.”

 

  • Netmagic provides services including managed IT, hosting, infrastructure management, managed security and cloud computing. The company also has a virtual data centre in USA with over two-lakh sq ft floor space. It has over 1,000 customers across verticals including banking and financial services, logistics, education, media, IT and ITeS.

 

  • The company raised $4 million in the first round of funding in 2000 and $20 million in the second round in 2008. The second investment was in two tranches of $15 million and $5 million. Fidelity International and Nexus India Capital are Netmagic’s investors.

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