Intel Capital Invests US $8.8 Million in NxtGen Datacenter & Cloud Technologies
Intel Capital, Intel Corporation’s global investment and M&A organization, today announced a US$ 8.8 million investment 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. 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 of Intel Capital and Intel Executive Vice President. “Intel Capital has a long history in India and we’re proud of our strategic role in helping entrepreneurs here grow locally and scale globally, and we look forward to playing a strategic role in helping NxtGen to succeed, by providing access to our global network, technology expertise, and brand capital.”
The investment director for NxtGen Datacenter & Cloud Technologies is Mumbai-based Pradeep Tagare. Funding for the investment comes from the US$250 million Intel Capital India Technology Fund established in December 2005.
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