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Microland secures $11 million funding  

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CIOL Bureau
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BANGALORE:

Microland Limited
, Bangalore based IT Infrastructure Management and

Technical Support Services company has secured $11 Million in funding from

Cargill Ventures, Intel Capital, Trident Capital and JAFCO.






The funds raised will enable


Microland
to invest in new infrastructure and accelerate its business growth

in the Remote Infrastructure Outsourcing market.






Commenting on the funding Pradeep Kar, founder, chairman and managing director
of Microland

Limited,
said, “This funding will enable us to augment investments in

infrastructure, capabilities and business acquisitions to capitalize on the

large opportunity in the $110 billion global Remote Infrastructure Management

Services space.”






Microland currently has a client base of over fifty global customers ranging
from a media company, global services company, banking and financial services

institutions, multiple high tech IT companies, major software corporation to a

diversified business conglomerate. The company has workforce of over 1600

professionals and provides all services that relate to monitoring and managing

client's IT Infrastructure.






Infrastructure Management Services is an untapped market opportunity of $110
billion that provides significant growth prospects for Indian IT services

companies. According to

NASSCOM

estimates that IT services exports from the Remote Infrastructure Outsourcing

market in India will grow from $800 million in 2005 to $ 7 billion by 2010.






Deepak Malik, managing director of Cargill Ventures, said, "We believe that
Remote Infrastructure Management is a strongly emerging IT services category

that will accelerate as companies recognize the tremendous benefits and ROI that

is attainable.”






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