Digital Marketing Agency, NTT Communications is to launch a new data center in
partnership with local managed services provider Netmagic Solutions in India.
NTT holds a 74 percent stake of Netmagic since acquiring a majority of its
shares in 2012.
Sharad Sanghi, Netmagic’s CEO and managing director, said: “This is the
first data center that we own ourselves instead of having a long-term lease as
is the industry norm. We would be investing $100 million in this data center.”
The reason Mumbai was chosen is that the city holds the corporate
headquarters of many global cloud providers, multinational banks and finance
groups with Netmagic hoping this combination will help boost business,
especially as its existing Mumbai facilities are out of space.
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