Netmagic to support growth expansion for HDFC Life

Netmagic has announced that its cloud platform has been chosen by HDFC Life 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.

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 revamp 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 under way, 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.