CRN Network, January 25, 2012, 1400 hrs
NTT Communications Corporation (NTT Com) and Netmagic Solutions have jointly announced that NTT Com will acquire 74 percent of Netmagic Solutions, provider of data center services in India. The acquisition is subject to the approval of relevant authorities in India.
The addition of Netmagic Solutions' data center services and sites will expand NTT Com's capability to provide one-stop ICT solutions in the fast-growing Indian market, as well as accelerate its offering of globally seamless cloud services through expanded ICT infrastructure Asia-wide.
Netmagic Solutions currently operates seven data centers in major Indian cities such as Mumbai, Chennai, Delhi-NCR and Bengaluru. It provides services such as co-location and managed hosting to more than 1,000 customers, as well as ISP and cloud services to many other customers.
"This alliance will help Netmagic to leverage NTT Com's global network and data center footprint for customers. The partnership will also help us strengthen our growth plans in the Indian sub-continent and globally, while NTT Com's global customers in India can benefit from Netmagic's expertise in the managed IT hosting and cloud services market," said Sharad Sanghi, Founder and CEO, Netmagic Solutions.
"This acquisition enhances our global status as the ICT partner of choice, including now in India, one of the key areas of our future growth," said Katsumi Nakata, Senior Vice President, NTT Communications. |