Through a secondary buyout, Nexus India Capital has made an investment in India’s leading internet infrastructure and domestic managed services provider, Netmagic Solutions. Sandeep Singhal will be representing Nexus on the Board. Sharad Sanghi, the CEO and Founder of Netmagic, said “I have worked very closely with Sandeep in the past and i am excited to have him continue to play a role in the growth of the company. Sandeep has been very supportive of Netmagic and its management team in the past and that is the kind of investor you need to partner with to build a scalable business.” Sandeep Singhal mentioned “The company is seeing tremendous traction with large enterprise customers in banking and finance, telecom and online consumer services, and after launching a new data center in Bangalore, plans to embark on a nationwide expansion plan. We are looking forward to help the company achieve these goals.”
Netmagic Solutions is India’s only truly carrier-neutral Managed IT Service Provider, specializing in Internet Data Centers, Managed Hosting, Network Operations & Remote Infrastructure Management. Combining world class internet data centers with advanced technology and professional service capabilities, Netmagic Solutions delivers mission critical Hosted Applications for over 500 of the world’s best-known enterprises from Multiple locations to their customers in a secure and seamless manner. Netmagic has multiple datacenters located in Mumbai, Bangalore and the US. These are equipped with best-in-class infrastructure, world-class services, tools and skilled personnel giving our customers the option to host their applications in any of these centers. Netmagic assures Mission Critical Support to its customers in association with its ecosystem of Channel and Alliance partners.
For more information, visit www.netmagicsolutions.com