HDFC Life opts Netmagic as the Strategic Cloud Partner
Mumbai, India, February 25, 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.
