Aug 19, 2020 | Tech
The India data center market size is projected to reach USD 1.5 billion by 2022 from USD 1.0 billion in 2018, growing at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period (2018–2022). Growth factors for the market include deeper internet penetration, increase in digital data traffic, public cloud services, and higher expected growth for IoT.
Major vendors in the market include Fujitsu (Japan), Honeywell (US), NEC (Japan), Siemens (Germany), IBM (US), Johnson Controls (US), Hikvision (China), Dahua Technology (China), and Schneider Electric (France). The major players have widely adopted growth strategies, such as tapping high growth market (hot pockets) and essential markets, partnerships, and mergers and acquisitions, from 2016 to 2018. They also adopted collaborations, product enhancements, and new product developments, to expand their consumer base and address the unmet needs of end users in India.
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The captive model to account for the highest market share and followed by the outsourced (colocation) model during the forecast period.
The captive model of datacenter is being overtaken by colocation model at a significant rate. It is expected that consolidation of datacenters will cannibalize the captive datacenter market, and colocation market will grow exponentially keeping in view that the outsourcing of datacenters will help reduce the operating cost significantly for the clients.
Schneider Electric is one of the prominent players in the data center infrastructure market in India. The company provides hardware, along with technical support, repair, and configuration and design services to its Indian customers. It caters to customers belonging to IT & telecom, BFSI, government, retail, and manufacturing vertical across India. The company has core offerings in data center infrastructure, such as Power Distribution Units (PDU), power generators, cooling units, chillers, and data center racks. It also has a strong sales and marketing network to sell its products and services to tier 1 as well as tier 2 cities in India; customers can also buy these products directly from the company directly or its distributors. Mumbai and Bengaluru have Schneider’s largest customer segments in India. The company has a strong presence in the power and cooling infrastructure segment in the country, while it has a limited coverage in the rack segment. The company also provides design and consulting services for data center, and main customers include Netmagic, ESDS, Ctrl S, and many more colocation services vendors in India.
Netmagic is one of the prominent colocation services providers in India. The company provides colocation space as well as managed hosting services. Netmagic is a key data center developer in India and leverages early mover advantage into the market. It is the first company in India to launch disaster recovery and cloud computing services. Netmagic is one of the top DC vendors for managed hosting, colocation, and captive data centers in the country, the parent company NTT Communications operates >250 DCs globally. Netmagic maintains long-term relationships with OEMs and high value resellers for better support. The company is known in the industry to have its own norms to ensure smooth and continuous functioning of the DCs. The norms (named as Nexcenter) are above the tier III or IV norms, such as extra client facilities, resiliency, concurring maintainability, and no single point of failure. The company is looking to expand in major cities only. 11 DCs usually operate in full capacity with the new DCs 90% booked even before being launched.
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Aug 19, 2020 | Tech
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Aug 19, 2020 | Tech
– CometChat, a CPaaS platform raises $1.6 million
– US-based Range VC, Silicon Badia and India-based iSeed Ventures have invested in the Company
– Funds raised will be used for scaling up the US and India Sales and Marketing teams as well as shoring up product development
– CometChat enables businesses to integrate voice, video and text chat experiences in their mobile apps, webapps and websites.
Mumbai/Denver 19th August 2020: Mumbai/Denver based CometChat, a CpaaS startup, has raised $1.6 million in a Seed round from Colorado based Range Ventures, NY-based Silicon Badia and India based iSeed Ventures.
CometChat, which was incorporated in the US in 2019, by Anuj Garg and Anant Garg, works with top global enterprises by providing plug n play communication products to improve brands’ reach. CometChat, a product tech company, designs critical functions like chat, video and live event capabilities within websites and apps to help enterprises who are looking to boost user engagement accelerate their go to market time. Their product and solutions helps enterprises save hundreds of developer hours and the associated costs.
Anuj Garg, Co-founder & CEO, CometChat, says, “CometChat has been working in the space of designing effective chat and video solutions for our customers. Today, we have built a strong base in the US and India and with backing of well known VCs both in the US and India, we believe our growth rate will accelerate and help us hit the next set of milestones quicker than before.”
The company chose to remain bootstrapped until last year when they became the first and only Indian startup to be selected for Techstars Boulder Accelerator Program and received funding as part of the program. The funds raised in the Seed round will be used to scale up sales and marketing functions in the US and India.
This capital will help CometChat, a B2D (business to developer) company, fuel growth by entering new markets with their Developer-First marketing approach and make significant investments towards product development.
Utsav Somani, Founder, iSeed Ventures, says, “I first came across CometChat when a customer of theirs posted a great review about them. Then from the minute I saw their meteoric rise in metrics to Anuj and Anant’s vision on how text, voice and video will play a vital part in bringing intimacy to experiences online, I was excited to invest fairly quickly.”
Aug 18, 2020 | Tech
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Aug 18, 2020 | Tech
Prepay Nation enters into a strategic partnership with epay, to provide a wide breadth of international mobile and data recharges.
Berwyn, PA – USA | August 14, 2020 — Prepay Nation enters into a strategic partnership with epay, a division of Euronet Worldwide, to provide a wide breadth of international mobile and data recharges.
Prepay Nation is a global leader in the new digital lifestyle enabling millions of people around the world to stay connected at home and away. “With our expansive Value Top-Up Marketplace and technology hub, we are constantly aiming to exceed our customers’ every day needs for frictionless payments and cross-border value transfers,” said AJ Hanna, CEO at Prepay Nation.
“Prepay Nation places tremendous value in our strategic partnership with epay to further expand our omni-channel presence in key markets and continue providing more products and services to our customers, accessible at anytime from anywhere” continued Hanna.
Through its worldwide processing platform and accessibility via its Digital Integrated Payments Cloud, epay provides authorized retailers with a convenient method for implementing and offering a full portfolio of International prepaid products to its consumers, among its many other services.
Jay Cisinsky, Executive Vice President of Sales stated “I am excited about the growth opportunities and value added services this strategic partnership with Prepay Nation will create, and we look forward to a strong mutually rewarding relationship that builds on each of our strengths.”
The World Bank estimates that over $650 Billion in cross-border remittances are sent home to family and friends annually by expats living and working abroad. $30 Billion is going to MNOs worldwide via mobile and data top-ups and recharge purchases at retail stores. While international remittances are estimated to drop by up to 20% due to high unemployment and economic downturn caused by the COVID-19 Pandemic, mobile and data recharge and top-ups are expected to more than double to $60 Billion+ as the demand for connected devices increases exponentially for every day living.
About Prepay Nation:
Prepay Nation (PPN) is a global leader in airtime and data cross-border recharge and value transfers, with over 400 Mobile Network Operator (MNO) partnerships around the world, serving 4 Billion+ mobile subscribers through a B2B and B2B2C Value Top Up Marketplace and Technology Hub, giving consumers piece of mind by enabling them to stay connected at home and away, simply by charging and recharging their prepaid/pay-as-you-go mobile and IoT accounts through its omnichannel platform, providing ubiquitous access to these essential services through a wide distribution network of 250,000+ locations in 125+ countries, and a variety of online, branded and bespoke applications for MNO’s, FI’s, NGO’s, Corporates, Distributors and Strategic Partners, helping to generate increased foot traffic, higher site visits, more transactions, incremental revenue and stronger customer loyalty.
For more information, visit www.prepaynation.com
About epay:
epay is a world-leading full-service provider for payment processing and prepaid solutions that processed 1.15 billion transactions in 2018. The company has built up an extensive network of retailers with 700,000 point-of-sale terminals in 51 countries, to connect renowned brands with consumers all around the world. The company offers a portfolio of gift cards (prepaid, closed loop and digital media), business incentives and payment solutions (card acceptance, terminals, e-commerce, mobile and Internet of Payment) for omnichannel commerce, and offers its services thanks to its proprietary cash register integration software.
epay is a division of Euronet Worldwide, Inc. (NASDAQ: EEFT), a Kansas-based company which earned $2.5 billion in revenue in 2018, employing a staff of 7,100 employees and serving customers in 170 countries.
Press Contacts:
Lucas Brasil
Prepay Nation
lbrasil@etopuponline.com
+1 (307) 939-2494
Stephanie Taylor
epay and Euronet Worldwide
staylor@euronetworldwide.com
+1 (913) 327-4200
Press & Media Contact:
Lucas Brasil
Prepay Nation
1055 Westlakes Drive, Suite 300,
Berwyn, PA 19312
United States
+1 (307) 939-2494
lbrasil@etopuponline.com
https://prepaynation.com
Aug 18, 2020 | Tech
London, United Kingdom: Following TEBillion’s win of a closed deal with a leading infrastructure management organisation, the leading automation solutions company is preparing for the organisation’s fully integrated automation processes on its over 300 franchises.
TEBillion started supporting the franchise operations into being fully automated by trainings with its large number of franchises. These trainings are helping the franchises go live with its fully automated processes.
TEB’s much-awaited features already have gone with the automation processes which will be used on the franchises’ sales operations. These features include a completed structure with certain modules like locations or regions within the applications which helps users configure its processes. Modules like sales locations can now be configured as franchise locations for example.
For more information about TEBillion and its products, contact:
+ 44 (0) 1582 870 180
pr@tebillion.email
www.tebillion.com
About TEBillion: TEBillion is an business automation software solutions company headquartered in the UK. Born in 2018, TEBillion aims to make high growth businesses successful by creating a self-configurable, low-cost, intelligent, future-proof toolset with a team that offers real after-sales support.
