NetMagic Solutions announced that it has acquired $20 million in private equity financing

What Company Is Offering:
NetMagic Solutions is India’s leading Managed IT Service Provider, specializing in Internet Data Center, Managed Hosting, Remote Infrastructure Management, Mail and Messaging Services.
Combining world class internet data centers with advanced technology and professional service capabilities, NetMagic Solutions delivers innovative and seamless performance of mission critical Hosted Applications from Multiple locations to its customers, securely.

How It Works:


NetMagic, India’s leading managed IT services provider, announced that it has acquired $20 million in private equity financing. This round of funding was led by the Indian proprietary venture and growth capital arm of Fidelity International Limited (FIL) and India’s leading venture capital firm, Nexus India Capital. The company will use proceeds of the financing to accelerate business growth and expand its footprint domestically and internationally. Nexus India Capital is a prior investor in NetMagic.

About VCs:
1.FIL has offices in over 20 countries across Europe and Asia-Pacific. The Indian venture and growth capital arm of FIL, which comprises some of the most experienced investment professionals operating in the Indian region, seeks to actively invest predominately FIL proprietary capital principally in high-quality, high-growth companies broadly in the information technology, healthcare and consumer sectors in India.
2.Nexus India Capital is India’s leading Venture Capital Fund focused on investing in innovative early to growth stage companies across sectors in India. Some of the areas of focus include Technology, Consumer services, and Outsourced business processes. The Nexus team includes successful entrepreneurs based in Silicon Valley, USA and Mumbai, India who bring extensive relationships and expertise in building companies. They typically prefer to invest early and play and formative role in developing the company. www.nexusindiacap.com.

More at:www.netmagicsolutions.com