NTT to integrate its business entities in India
Japanese technology services provider NTT will wrap up the integration of three of its business entities in India in January, and Sharad Sanghi has been appointed to lead the combined entity for global data centres and cloud infrastructure in India. Netmagic provides data centre and cloud services, while NTT Com India offers network services and NTT India works in the field of managing services and system integrations.
NTT told news sources that the focus of the new entity would be on different segments of revenue and will compete directly with other Indian technology service providers. They said that the integration would make the company's position in India unique and they would be among the top two or three IT companies that have been targeting the domestic market. This propagates NTT's global commitment that India is one of the most important markets.
The announcement to integrate the business units was made back in July 2019 by the parent company and is scheduled for completion by January 2021. The decision has been followed by similar integrations of numerous NTT units in other countries.
NTT has been planning to develop new products with cross-functional R&D teams, by combining groups across disciplines in all the three organisations. Netmagic claims to have a vast knowledge of data centre and cloud and NTT is one of the largest network providers globally. Along with this, dimension data brings along extensive knowledge of enterprise and digital transformation.
The following six core areas have been identified by the company—digital transformation, customer experience, data centre and hybrid cloud, intelligent workplace, networking and cybersecurity. The range of services of the three organisations (Netmagic, NTT Com India, NTT India) will be bucketed into these six themes, with an expected outcome to be an unbeatable combination in the country.
Netmagic witnessed growth at a compounded annual growth rate (CAGR) of 30%, and NTT India has been growing at a compounded annual growth rate of 20%, according to the company. For the new combined areas of services, the company will also hire more people and elevate leaders to new positions.