Netmagic’s Cloud Platform Insures Data For HDFC LifeFebruary 24,2015
HDFC Life Selects Netmagic as the Strategic Cloud Partner
Mumbai, 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.
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.
For more information, please visit our website, www.hdfclife.com.
About Netmagic Solutions (An NTT Communications Company)
Netmagic, an NTT Communications company, is India’s leading Managed Hosting and Cloud service provider, with 9 carrier-neutral, state-of-the-art data centers and serving more than 2000 enterprises globally. Headquartered in Mumbai, Netmagic also delivers Remote Infrastructure Management (RIM) services to various Enterprise customers globally including NTT Communication’s customers across Americas, Europe and Asia-Pacific region. The Company was the first in India to launch services – Cloud Computing, Managed Security, Disaster Recovery-as-a-Service (DRaaS) and Software-Defined Storage. Netmagic has been recognized with 6 awards at the CIO Choice Award 2016 and Frost & Sullivan India ICT Award 2016. To learn more, visit us at: www.netmagicsolutions.com.
About NTT Communications Corporation
NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including the leading global tier-1 IP network, the Arcstar Universal One™ VPN network reaching 196 countries/regions, and 140 secure data centers worldwide. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO and NTT DATA.
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