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 NFRA issues Draft Procedure for Submission of Audit Files
 Auditors barred from putting a value on companies they are auditing
 Standard on Internal Audit (SIA) 18, Related Parties
 Standard on Internal Audit (SIA) 17, Consideration of Laws and Regulations in an Internal Audit
 Standard on Internal Audit (SIA) 16, Using the Work of an Expert
 Standard on Internal Audit (SIA) 14, Internal Audit in an Information Technology Environment
 Standard on Internal Audit (SIA) 13, Enterprise Risk Management
 Standard on Internal Audit (SIA) 12, Internal Control Evaluation
 Standard on Internal Audit (SIA) 11, Consideration of Fraud in an Internal Audit
  Standard on Internal Audit (SIA) 9, Communication with Management
  Standard on Internal Audit (SIA) 8, Terms of Internal Audit Engagement

NetMagic Partners with HP in India
May, 31st 2008

India-based managed hosting provider Netmagic Solutions (netmagicsolutions.com) announced on Monday it has partnered with HP (hp.com) to help meet the growing demand for mid-market data center and managed services in India.

This alliance will see Netmagic partner with HP to offer preferred hosting and managed services in India, as the two companies will jointly market and sell the hardware and hosting services focusing initially on the emerging segments including retail, healthcare, utility, education and manufacturing.

Netmagic will provide hosting services to customers, including data center services and managed hosting, while HP will provide the necessary hardware. This agreement will enable HP to offer their Midmarket partners and customers a complete solution by way of infrastructure, applications and now, hosting and managed services.

"Netmagic is very excited to be associated with HP, the worlds leading technology company," says Kishore Badami, VP of global marketing at Netmagic Solutions. "This partnership provides us with a tremendous opportunity to intensify our focus on emerging markets and extend our managed hosting services to a wide array of midmarket partners and customers."

With multiple data centers in Mumbai and Bangalore, NetMagic has been offering hosting services for India-based customers, along with the monitoring and management of their technology infrastructure for the past 10 years.

Currently, Netmagic is India's only truly carrier-neutral data center that is ISO 27001 certified and SAS70 Audit (Type II) compliant.

In February, after receiving $20 million in financing, the company launched its global expansion by building its presence in North America. NetMagic currently has a virtual data center in Sunnyvale, California.

Netmagic Solutions enables companies to manage their mission-critical applications more efficiently and cost-effectively. The company offers managed IT services, specializing in Internet data centers, managed hosting, network operations and remote infrastructure management.

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