Microland Announces Closure of US$ 7.5 million Funding

Microland Limited, a leading provider of IT Infrastructure Management and Technical Support services, today announced the closure of US$ 7.5 million in funding led by existing investors JP Morgan Partners, ICICI Ventures, Pradeep Kar and US-based Synnex Corporation. The funds will be used for growth capital and investment in new infrastructure to accelerate its growth.

Says Microland Chairman and Managing Director Pradeep Kar, “Microland has been silently transforming itself over the last two years. We pioneered the Networking revolution in India in 1989 and then transformed ourselves as a leading player in the Indian Internet space in 1999. And today, with a committed and highly-motivated team, we are positioned to play a pivotal role in the third wave of outsourcing to India – the Infrastructure Management Services (IMS) Wave.”

Microland’s IMS services offering range from availability monitoring to full-service application and infrastructure management, problem resolution and change management of Infrastructure elements such as Servers, Networks, Operating Systems, Application, Security Devices, Storage elements, Backups etc using ITIL & Six Sigma processes. Microland’s Network Operations Center is BS 15000 certified. Combined with its Technical Support offerings it is ideally positioned to address customers across industry verticals and product companies looking to setup offshore Technical Assistance Centers (TAC) from India.

The strategic partnership with Synnex, a global IT supply chain services company, will enable Microland to expand its international presence and help seize strategic opportunities in the IT Infrastructure Management and Technical Support space.

IMS is a US$80bn global market that provides significant growth prospects for Indian IT services companies, due to lower costs (up to 50% savings) and technical strength. Indian companies have just begun to tap into this opportunity. We expect IMS-related exports from India to grow from US$300m presently to over US$1bn in 3 years.

Microland with its 15 years of experience in the networking infrastructure services space, is ideally positioned to garner a significant market share of revenues in the domain.

About Microland Limited
Microland is a leading pure play provider of IT Infrastructure Management & Technical Support Services. Microland’s Infrastructure Management Services offerings range from availability monitoring to full-service application and infrastructure management, problem resolution & change management of Infrastructure elements such as Servers, Networks, Operating Systems, Application, Security Devices, Storage elements, Backups etc using ITIL & Six Sigma processes. Microland’s Network Operations Center (NOC) is BS 15000 certified.

Microland is headquartered in Bangalore, with over 1000 professionals working across the globe. Microland provides a proven and reliable alternative to global customers in managing their enterprise IT infrastructure. For more information on Microland Limited, please visit www.microland.com