Hotline: 1800 102 2007
X
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 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
  • About Us: Join hands with Iris Florets - the happy play..
    Locations looking for expansion Telangana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Express Food Joints / Drive Through
    About Us: Classic dishes are a staple, but sometimes you need..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Casual dine Restaurants
    About: The legacy of Sanjha Chulha dates back to the year..
    Locations looking for expansion Delhi
    Establishment year 1978
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Bike Studio by LA Sovereign: LA Sovereign Bicycles Pvt Ltd...
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required NA
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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