Intel Capital Invests Rs 50 Crores In NxtGen Datacenter

by Paul Joseph on August 13, 2013 · 0 comments

NxtGen Datacenter And Cloud Technologies which provides datacenter and enterprise cloud services to businesses has securedINR 50 crores in funding from Intel capital. Founded by AS Rajgopal in 2012, NxtGen Datacenter provides datacenter & cloud services from it’s own High Density Data Center (HDDC) facilities or deploy from their centrally managed On Premise Data Center (OPDC). The company which currently has a datacenter in Bangalore plans to open one in Mumbai and Delhi. As per reports, NxtGen Datacenter has acquired around ten acres of land in the outskirts of Bangalore for setting up an advanced facility and is targeting revenues of Rs 500 crore in next three years. Big corporations including banks and media companies are storing large amounts of corporate data which has increased the demand for analyzing this data. Currently, Indian is witnessing an explosion of data thanks to millions of smartphone and internet users. But, the internet giants are not considering the country as an option to launch datacenters . According to a  report , Gartner estimates Indian data center footprint at 4 million square feet, and estimated to grow to 6.6 million sq ft by 2016, with service providers driving majority of the growth. In terms of market size, it is projected to grow to $3 billion (Rs 16,320 crore) from $2.2 billion (Rs 11,960 crore) in the same period. Earlier in March this year, Hyderabad based  Ctrl S , an IT enabled Managed Service Provider (MSP) has expanded its overseas operations by setting up a datacenter in San Diego, California, US. Source | iamwire Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency

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