Leader in multi-vendor services capitalizing on strong IT growth in the region
EATONTOWN, NJ, July 21, 2021 / PRNewswire / – CDS, the leading multi-vendor service provider (MVS) for data centers globally, today announced that it has expanded its global presence in India with new agreements in the commercial and government sectors. The first CDS locations are in Bombay and Bangalore, with plans to open a third later this year.
Building on strong double-digit revenue growth in the first half of 2021, this expansion highlights the Indian IT market’s appetite for comprehensive multi-vendor services. CDS’s international supply chain and intelligent logistics, powered by the patented CDS Raytrix MVS platform, has enabled seamless market entry with the support of established global OEM partners.
Gartner estimates India’s IT market will rebound strongly in 2021, with spending on data center systems expected to increase 8.3% per year to reach $ 3.7 billion, and IT services will increase by 8% per year for $ 15.8 billion. Overall, IT spending in India should increase 7.3% from 2020 and continue a similar growth rate through 2022. DD Mishra, senior analyst at Gartner, noted in a April Economic Times article: “… even if the IT budget remains under pressure, there is great traction for growth, for cost optimization and operational efficiency. As long as initiatives revolve around all of these things, the money will not be. not a challenge for IT companies. “
Dan Newton, CEO of CDS, said, “CDS is growing fast and we are carefully considering new markets based on our ability to provide world class service hand in hand with our partners. India represents a large and growing IT market that fits well with the presence of our go-to-market partners and our heritage of corporate data centers. We are excited to leverage our strong global supply chain and logistics expertise to become a recognized leader in multi-vendor services in India. “
CDS has a strong presence in North America, EMEA, Asia Pacific, and Latin America markets, and has experienced impressive growth in all of its geographies, with recurring monthly revenue up 24% year-over-year this year compared to the first half of 2020. New channel partners in Britain and Japan have also consolidated the company’s position in these markets over the past year.
To learn more about CDS, please visit www.cds.net
CDS is the leading multi-vendor service provider (MVS) for data centers around the world. Its Raytrix MVS software platform offers a range of critical data center hardware maintenance and support for high-end storage, server and network equipment. CDS offers post-warranty support services through OEMs and channel partners, serving a diverse customer base in the Americas, EMEA, Asia Pacific, and Japan. The company’s maintenance and support services are designed to extend the useful life of its customers’ IT infrastructure, further increasing the return on investment for these systems. CDS employs highly trained and industry certified engineers and dedicated account managers around the world. Partnering with leading data center infrastructure vendors to deliver MVS globally, CDS helps more than 700 customers in 45 countries unlock data center spend across enterprise IT infrastructure with various maintenance needs and cost containment requirements.
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