Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-08-13

Intel Capital invests $8.8 m in IT infrastructure services provider

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 Capital invests $8.8 m in IT infrastructure services provider

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.

 

Related opportunities
  • Baby And Kids Apparel, Children Garments
    About Us: Established in 2018, Mini Mint Kids deals in branded..
    Locations looking for expansion Telangana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size
    Space required 900
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Hyderabad Telangana
  • Other Vocational Training
    About Us: The Sunday Science School is a registered institute for..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Telecom
    About Us: With the help of SmartNode MobileApplication, any appliances can..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater vadodara Gujarat
  • Gyms And Fitness Centres
    About Us: UFC GYM is the first to combine mixed martial..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads