About Netmagic Solutions
Netmagic Solutions is a company based in Mumbai (India) founded in 1999 was acquired by NTT Communications in January 2012. Netmagic Solutions has raised $48.61 million across 4 funding rounds from investors including Nexus Venture Partners, Fidelity International and Cisco Investments. Netmagic Solutions has completed 1 acquisition, including ActOnCloud. Netmagic Solutions operates in a competitive market with competitors including Equinix, IBM, Hewlett Packard Enterprise, Oracle and Nutanix, among others.
- Headquarter Mumbai, India
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
$341.48 M (USD)22as on Mar 31, 2024
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Net Profit
$4.86 M (USD)-78as on Mar 31, 2024
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EBITDA
$129.37 M (USD)16as on Mar 31, 2024
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Total Equity Funding
$48.61 M (USD)
in 4 rounds
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Latest Funding Round
$8.76 M (USD), Series B
Jun 30, 2011
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Investors
Nexus Venture Partners
& 9 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
NTT Communications
(Jan 25, 2012)
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People of Netmagic Solutions
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Operations Team
18 people
Software Development Team
18 people
Sales and Marketing
6 people
Senior Team
4 people
Data Analysis and Operations Team
4 people
Finance and Accounting
4 people
Human Resources and Administration
3 people
Project Team
3 people
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Funding Insights of Netmagic Solutions
Netmagic Solutions has successfully raised a total of $48.61M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.76 million completed in June 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Netmagic Solutions
Netmagic Solutions has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Nexus Venture Partners, Fidelity International and Cisco Investments.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Technology investments and expertise in networking, cloud, and security services.
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Venture capital firm focused on B2B companies
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Investor details for Netmagic Solutions
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Investments & Acquisitions by Netmagic Solutions
Netmagic Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ActOnCloud.
Investment portfolio details for Netmagic Solutions
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud platform for customer analytics and churn reduction is provided.
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Complete acquisition details for Netmagic Solutions
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- Transaction dates
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Financial Statements - Netmagic Solutions
Detailed financials for Netmagic Solutions
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Netmagic Solutions Comparisons
Peer comparison for Netmagic Solutions
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Competitors of Netmagic Solutions
Netmagic Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Equinix, IBM, Hewlett Packard Enterprise, Oracle and Nutanix, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of colocation data center services
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Hybrid cloud and DevOps automation are delivered to enterprises.
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HPC solutions are delivered via supercomputers and storage systems.
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Hybrid cloud infrastructure solutions are delivered for business management.
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AI-powered cloud management software is delivered for enterprises.
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Hybrid cloud solutions are delivered to enterprises in diverse industries.
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Detailed competitors of Netmagic Solutions
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Latest news on Netmagic Solutions
Complete news archive for Netmagic Solutions
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Frequently Asked Questions about Netmagic Solutions
Netmagic Solutions was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Netmagic Solutions is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Netmagic Solutions is a funded company, having raised a total of $48.61M across 4 funding rounds to date.
Annual revenue of Netmagic Solutions is $341.48M as on Mar 31, 2024.
Netmagic Solutions was founded in 1999 and is headquartered in Mumbai, India. Operations focus on the data center and cloud infrastructure sector, where colocation services including racks, cabinets, and cages are offered across facilities. IT infrastructure for mission-critical applications is planned, designed, managed, supported, and migrated. Infrastructure as a Service (IaaS) encompasses public cloud, hybrid cloud, managed security, and cloud object storage, serving various industries through lifecycle management solutions.
Netmagic Solutions's top competitors include Equinix, Kingsoft Cloud and Oracle.
Netmagic Solutions has made 1 acquisition, including ActOnCloud.
Netmagic Solutions has 10 investors. Key investors include Nexus Venture Partners, Fidelity International, Cisco Investments, NTT Communications, and Eight Roads Ventures.
The valuation of Netmagic Solutions is $85.89M as of Jun 2011.