The major managed IT service provider company named the Netmagic Solutions has informed that it is seeing a huge shortage of data centre space in Mumbai in the near future. The company officials have informed that they have already sketched a major expansion plan for bridging the gap and the expansion plan is going to require an investment of Rs 100 crore. They said that the company has already raised an amount of Rs 80 crore through private equity funding and the companies like Fidelity International Ltd and Nexus India Capital did lead the funding. The company has also mopped up the remaining Rs 20 crore from accruals.
The company was founded by Mr. Sharad Sanghi and he is also the Chief Executive Officer of Netmagic Solutions. He was talking about the issue and said that the expansion would include branding and building some multiple data centres across the country and also providing the remote infrastructure management services. He said that the company is currently having a number of four data centre facilities in India out of which three is located in Mumbai and the other one is in Bangaluru. The company is also operating a virtual data centre in the US. Mr. Sanghi said, "We are looking to build some more mission-critical data centres". He informed that the company has also recently established a development centre in the city of Pune.
While commenting on the companys need for such facilities, Mr. Sanghi said, "Organizations 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". He further said, "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".
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| Posted : 3/25/2008 |
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