HDFC Life Selects Netmagic as the Strategic Cloud Partner
Mumbai, India – February 24, 2015: Netmagic, an NTT Communications Company and India’s leading Managed Hosting and Cloud Service Provider, today announced that HDFC Life, India’s leading long-term life insurance solutions provider, has chosen Netmagic’s cloud platform to support its business growth and expansion.
“Owing to the nature of our business, we treat customer information with utmost confidentiality. When we started evaluating possible cloud service providers, our priority was to choose a cloud partner that can best preserve this security. After evaluating multiple vendors on various compliance and Cloud Security Alliance (CSA) criteria, we found Netmagic to be the appropriate partner. Netmagic’s amalgamated service is in line with HDFC Life’s IT road map,” said Thomson Thomas, CIO, HDFC Life. “The datacenter experts at Netmagic seamlessly migrated our existing Disaster Recovery (DR) setup in just three days,” he added.
Sunil Gupta, COO, Netmagic said, “We are excited to support HDFC Life in their cloud adoption journey and look forward to a long-term relationship. As an NTT Communications group company, our combined expertise and global footprint will enable us to be the true infrastructure evolution partner to HDFC Life and help them realize their business goals reliably and efficiently.”
Technology Enabled Business Transformation (TEBT) is an initiative undertaken by HDFC Life to re-vamp business processes and the technology backbone of the company, leading to improved customer experience, channel empowerment, stronger employee engagement, simpler and more efficient operations, and enhanced information security. As the TEBT initiative was underway, HDFC Life decided to evaluate various options to have a robust DR solution in place. HDFC Life partnered with Netmagic for an effective cloud strategy which includes an intelligent mix of hosting data on private, public and hybrid cloud as per the sensitivity. This has enabled HDFC Life to obtain the scalability to store an ever increasing volume of data while keeping costs under control. HDFC Life has also deployed Netmagic’s unique solutions in storage (tiered storage) and DR.
Netmagic, an NTT Communications company, is India’s leading Managed Hosting and Cloud Service Provider, with 8 carrier-neutral, state-of-the-art datacenters across the country. Established in 1998, Netmagic has been a pioneer in the Indian IT Infrastructure services space as it was the first to launch services such as cloud computing, managed security, Disaster Recovery-as-a-Service and software-defined storage. An IT Infrastructure Partner to more than 1400 enterprises globally, Netmagic, also delivers Remote Infrastructure Management services to NTT Communications’ customers across Americas, Europe and Asia-Pacific region. Netmagic is the recipient of several industry accolades and was recently chosen by India’s CIO community as the best service provider of Datacenter Managed Services and Cloud services, at the CIO Choice 2015 Awards.
NTT Communications has subsidiaries and offices in 43 countries / regions, with over 21,600 employees worldwide. It had total operating revenues of 1230bilion JPY for year ending March 31, 2014 and has infrastructure worldwide, including leading global tier-1 IP network, the Arcstar Universal One™ VPN network reaching 196 countries/regions, and 130 secure datacenters.
NTT Communications is a part of NTT Corporation, Japan – one of world’s largest telecommunications companies and ranked 53 on Fortune Global 500 list (2014).
For further details please log into www.netmagicsolutions.com | Twitter: @netmagic | LinkedIn: @Netmagic Solutions
About HDFC Life
Established in 2000, HDFC Life is India’s leading long-term life insurance solutions provider offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, and Health. The company also offers Women’s Plans to meet specific needs of women. Customers have the added advantage of customizing plans, by adding optional benefits called riders, at a nominal price. The company currently has 24 retail and 8 group products in its portfolio, along with 9 riders.
HDFC Life continues to have the widest reach with over 400 branches in India touching customers in over 900 cities and towns. The company has also established a liaison office in Dubai. The company has a strong presence in its existing markets with a strong base of Financial Consultants. HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.