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IceWarp Reiterates Investment Plans for the Indian Market

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In a bid to strengthen its presence in India, IceWarp, a global leader for developing email communication and collaboration solutions has announced that the company intends to invest USD 2.5 Million in the Indian market and is planning to invest another USD 1.5 Million in the local datacentres in the near future. With these investments, IceWarp is set to upscale it’s cloud infrastructure to meet the growing needs of customers in India.

Specialized in hybrid implementations, the company is enabling the enterprises in India to sail through adverse conditions that have occurred due to the COVID-19 pandemic. In the current work from home scenario, organisations from small, medium to large have realised the need for effective collaboration solutions and hence, adopting the same immensely.

IceWarp’s collaboration tool has been successfully implemented in large BFSI, BPO’s, Pharma/Healthcare and many other Industries across the Indian Market. However, the top revenue drivers for IceWarp are BFSI, Pharma & Healthcare, Manufacturing, and BPO’s. Some of its customers include IDFC Bank, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Emkay Global Financial Services, CMS Info Systems, Fedbank Financial Services (Fedfina), and many more such big brands.

“We have been working in the Indian market for over five years and have modelled a multi-million investments in the country. The Idea of investing in data centres in India is to make sure that our customers are able to maintain regulatory compliances and follow other government guidelines related to the security of data while using our solutions. India is an important market for IceWarp and we are sure that the investments are going to reap substantial revenue for the company” quoted, Adam Paclt, Global CEO, IceWarp.

IceWarp is currently present across 50 countries with approximately 50 million paid users and 50,000 customers worldwide. Globally, the company has a revenue share of around 450 million USD whereas; the notable fact is that the Indian market is contributing approximately 8% to the revenue.  In India, IceWarp has acquired more than 1000+ customers within a span of 5 years.

Commenting on the investment, Pramod Sharda, CEO, IceWarp India & Middle East said, “I’m overwhelmed to share that in India, we are growing faster than we anticipated and aim to move forward with high vigour and passion to achieve our stated vision. For the same, we are planning to invest more in our cloud infrastructure in order to provide secured, flexible and manageable solutions to our clients. I feel proud that the company has successfully been able to support and manage all its new as well as existing clients with its secured collaboration tools and hence has emerged as their trusted partner during this global pandemic in India”.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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