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.”
© CyberMedia News
Microland secures $11 million funding Â
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