Indian IT provider NetMagic Solutions raises $20M
NetMagic Solutions, which provides managed IT services in India, has raised $20 million in a second round of funding.
The round was led by Fidelity International Limited and prior investor Nexus India Capital. NetMagic says it will spend the money on service expansion, introducing new data centers in India and an effort to establish itself in North America.
With offices in India and Sunnyvale, Calif., the company says it provides Internet data centers, managed hosting, remote infrastructure… Continue Reading