Netmagic is investing over USD 12 million in its virtual private cloud offering in India. The company has invested over USD 4 million already and would be investing another USD 8-10 million over the next couple of years
The investments will be focused on the area of expansion of grids to offer high-resource compute, geographical expansion, and in R&D efforts
Netmagic has also tied up with Microsoft and Cisco to launch the product called SimpliVPC in the country and already signed up clients like cement maker Lafarge. The company is seeing greater traction from the manufacturing and the information technology sectors for the offering and it expects to grow at a compounded annual growth rate of over 75 percent over the next three years.