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Tech Update: Zensar Q3 Profits Up By 54%; NTT Now Owns 74% Of Netmagic

NTT Communications Corporation (NTT Com), a Tokyo based corporations, has acquired 74% stake in Netmagic Solutions Private Ltd an Indian data centre solutions provider

Netmagic Solutions

Netmagic Solutions

Netmagic Solutions presently operates 7 data centers in major cities of India like Mumbai, Chennai, Noida (Delhi-NCR) and Bangalore and provides services such as collocation. It has been successful in managing more than 1,000 customers, along with ISP and cloud services.

In other news, Zensar Technologies, a global information technology services and business process outsourcer headquartered in Pune, have also reported an increase of 54% in net profit in the quarter ending on December 31st of 2011. This voluminous growth is due to company’s successful integration with Akibia.

Zensar Technologies

Zensar Technologies

Of the 54% rise in profit, 38% was provided due to Akibis. Akibia provides all time support and IT services for the data centers, network and security infrastructure of global organizations that are in crisis. Akibia was procured by Zensar in November 2010.

Sources: 1, 2


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