Investment supports the advancement of Indian data center innovations

Mumbai, India, August 13, 2013 - Intel Capital, Intel Corporation’s global investment and M&A organization, today announced a US$8.8 million investment in Bangalore-based IT infrastructure services provider NxtGen Datacenter & Cloud Technologies Pvt. Ltd.

NxtGen Datacenter & Cloud Technologies delivers central IT platform as a service to enterprises, providing full spectrum datacenter and enterprise cloud services from its own High Density Datacenter facilities and deploying centrally managed On Premises Datacenters at customer locations. NxtGen Datacenter & Cloud Technologies is currently addressing markets in India and the Middle East, and has plans to enter South East Asia.

 “Intel Capital’s latest investment demonstrates the breadth of innovation in India, with companies here at the forefront of cloud computing and data infrastructure services,” said Arvind Sodhani, president of Intel Capital and Intel Executive Vice President. “Intel Capital has a long history in India and we’re proud of our strategic role in helping entrepreneurs here grow locally and scale globally, and we look forward to playing a strategic role in helping NxtGen to succeed, by providing access to our global network, technology expertise, and brand capital.”  

A.S. Rajgopal, Managing Director and Chief Executive Officer, NxtGen Datacenter & Cloud Technologies said, “We are delighted to have Intel Capital as a strategic investor in our company. Our centrally managed, hybrid data center solutions offer customers reliable, secure and efficient IT infrastructure that helps companies optimize their central IT platforms and meet dynamic business demands. This investment from Intel Capital will be used to complete the large High Density Datacenter facility coming up in Bangalore, which we expect to be operational by March 2014, and for further development of On Premise Datacenters.”

The investment director for NxtGen Datacenter & Cloud Technologies is Mumbai-based Pradeep Tagare. Funding for the investment comes from the US$250 million Intel Capital India Technology Fund established in December 2005.

Intel Capital has been investing in India since 1998. Since then, Intel Capital has invested over US$330 million in more than 90 technology companies across 10 cities in India. As one of the largest technology investors with investment professionals in 26 countries, Intel Capital delivers business development support, technology expertise and actively works to help companies grow to reach new consumers in new markets.

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$10.9 billion in over 1,294 companies in 54 countries. In that timeframe, 202 portfolio companies have gone public on various exchanges around the world and 324 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visitwww.intelcapital.com or follow @Intelcapital.

About Intel

Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.  

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