Intel Corporation’s global investment and M&A organization, Intel Capital today announced investment of $8.8 million in Bangalore-based IT infrastructure services provider NxtGen Datacenter & Cloud Technologies Pvt. Ltd.
Intel Corporation’s global investment and M&A organization, Intel Capital today announced investment of $8.8 million in Bangalore-based IT infrastructure services provider NxtGen Datacenter & Cloud Technologies Pvt. Ltd.
NxtGen Datacenter & Cloud Technologies delivers central IT platform as a service to enterprises, providing full spectrum datacenter and enterprise cloud services from its own High Density Datacenter facilities and deploying centrally managed On Premises Datacenters at customer locations, said a release issued by Intel Capital.
NxtGen Datacenter & Cloud Technologies is currently addressing markets in India and the Middle East, and has plans to enter South East Asia.
“Intel Capital’s latest investment demonstrates the breadth of innovation in India, with companies here at the forefront of cloud computing and data infrastructure services,” said Arvind Sodhani, President, Intel Capital and Intel Executive Vice President.
A.S. Rajgopal, Managing Director and Chief Executive Officer, NxtGen Datacenter & Cloud Technologies said, “We are delighted to have Intel Capital as a strategic investor in our company. This investment from Intel Capital will be used to complete the large High Density Datacenter facility coming up in Bangalore, which we expect to be operational by March 2014, and for further development of On Premise Datacenters.”
The investment director for NxtGen Datacenter & Cloud Technologies is Mumbai-based Pradeep Tagare. Funding for the investment comes from the $250 million Intel Capital India Technology Fund established in December 2005.
Intel Capital has invested over $330 million in more than 90 technology companies across 10 cities in India since 1998.
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