Netmagic Solutions To invest $12 to 14 Million for Setting Up Virtual Private Cloud

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Netmagic Solutions

Netmagic Solutionsis a provider of managed hosting and cloud services in IndiaIt is a subsidiary of the Japanese telecommunication company,NTT Communications, a member of the NTT group, handles the operations of Netmagic. It has over 140 datacenters across the world.

Netmagic provides Managed Hosting, Colocation, Cloud, Network, Managed Security, Disaster Recovery and Software-Defined Storage to customers across banking and financial services, insurance, e-commerce, healthcare, manufacturing, media & entertainment, IT & ITeS, logistics, hospitality, and education.

Its cloud computing services allows enterprises to use the entire IT infrastructure on a pay-per-use model. Today NetMagic said it is investing over $12 million in its virtual privatecloudoffering.

“We have invested over $4 million already and would be investing another $8-10 million over the next couple of years. We continue to invest aggressively. Our investments will be focused on the area of expansion of grids to offer high-resource compute, geographical expansion and in R&D efforts.”
-Netmagic Spokesperson

A senior executive said the company is seeing greater traction from the manufacturing and the information technology sectors for the offering and it expects to grow at a compounded annual growth rate of over 75% over the next three years.

NetMagic has also tied up withMicrosoftandCiscoto launch the product called “SimpliVPC” in the country and already signed up clients like cement maker Lafarge.

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