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Cyquator to set up data centers at Rs 82 cr

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CIOL Bureau
New Update

Nanda Kasabe & Rashida Bakait

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MUMBAI: Promoted by media tycoon Subhash Chandra's sons Amit Goenka and Atul

Goenka, the Mumbai-based Cyquator Technologies Ltd. plans to set up three

Internet data centers in India by March 2002. The investment is expected to be

Rs 82 crore.

Cyquator is currently going live with a data center spanning 20,000 sq ft and

equipped to host 4,000 servers. The Mumbai center has been built at a cost of Rs

16 crore. The Vashi IDC will offer clients Web hosting services and would later

increase it to e-commerce site hosting, storage, back up and messaging, and

would also have a call center attached to it to service the clients.

Amit Goenka, CEO, Cyquator Technologies, said that the Bangalore data center

would start working by the end of 2001 and Delhi would be the next to go live in

May 2002. The three data centers are expected to cover one million sq ft space.

The company plans to go in for private placements next year to raise money for

the expansion. Cyquator is also looking at venture capitalists for significant

development.

Cyquator has signed a peering agreement with Bharti BT as its preferred ISP

and would make use of all the services offered by the latter. Cyquator is also

tying up with institutions for payment gateways. Talks with ICICI are reportedly

at an advanced stage.

The company is also planning to enter the West-Asia and Latin American

markets either through joint ventures or by setting up wholly owned

subsidiaries, preferably APAC players.

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