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Netmagic CEO on life after acquisition by NTT, global plans and mentoring startups

07 November, 2012

In 1998, Sharad Sanghi started datacentre company Netmagic and through a decade of IT evolution, it ventured into high-growth niche services like disaster recovery, cloud technology and application hosting, making it arguably one of the largest IT infrastructure services company in India. In 2008, Nexus Venture Partners and Fidelity jointly pumped in Rs 80 crore in 2008, followed by a Rs 70 crore investment led by Nokia Growth Partners and Cisco Systems in 2010 (Fidelity and Nexus Venture Partners also participated in that round). But the company hit the limelight in January this year, when Japanese telecom major NTT Communications acquired 74 per cent stake in it  for $116 million, providing one of the largest exits for Nexus. In a video interview with VCCircle, CEO Sharad Sanghi talks on life after acquisition by NTT, global plans and mentoring startups.


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Netmagic CEO on life after acquisition by NTT, global plans and mentoring startups

Netmagic CEO on life after acquisition by NTT, global plans and mentoring startups

VCC Staff 5 years ago
In 1998, Sharad Sanghi started datacentre company Netmagic and through a decade...
NTT Com To Acquire 74% In Netmagic Solutions; Nexus, Fidelity Exit

NTT Com To Acquire 74% In Netmagic Solutions; Nexus, Fidelity Exit

Anand Rai 6 years ago
NTT Communications Corporation (NTT Com), a wholly owned subsidiary of Nippon...
Japan’s NTT to buy Sharad Sanghi’s stake to complete Netmagic acquisition

Japan’s NTT to buy Sharad Sanghi’s stake to complete Netmagic acquisition

Bruhadeeswaran R 6 months ago
Japan’s NTT Communications Corporation is set to complete the buyout of data...
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Netmagic CEO on life after acquisition by NTT, global plans and mentoring startups

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