Netmagic services grow with cloud offerings

Data centre service provider Netmagic is expanding its portfolio with a range of cloud offerings to position itself as a one-stop cloud solutions provider.

Noticing a long period of transition as customers want hybrid IT solutions , Netmagic is positioning itself as a Multi-cloud provider.

“Clients want a range of cloud services for different products. Some may go for AWS or Azure, some projects require dedicated hosting while others may require captive data centres depending on workload. Instead of approaching different vendors, we want them to see us as a one-stop solution,” said Sunil Gupta, executive director and president, Netmagic.

The boom in finance and ecommerce services has spiked demand for cloud and data centre hosting services, said Gupta. Netmagic, seized this opportunity to offer clients more than just their traditionally managed offerings. The company’s revenue growth has remained stable at 34 per cent CAGR for over four years.

According to Gartner’s latest report, Indian IT services sector will spend up to $3181 million next year on data centre systems alone. Netmagic, along with Singaporebased ST Telemedia and NxtraData, are among the top players in the data centre space in India, according to a report by IT research firm 451 Research.

“Every customer is running Hybrid IT services with parts of their service running on different platforms. We integrate the entire range of solutions to the customer and we help to manage the infrastructure with a cloud management platform developed by our R&D team,” he said. This application also helps manage different cloud applications through a single online dashboard.

While managed and cloud services comprised almost 75 to 80 per cent of their revenues earlier, colocation service (third party data centre) has pushed its way up to occupy almost 40 percent of the business lately, he added.