Netmagic recently announced the Phase two of its cloud services offering. Labeled Cloud 2.0, the second phase of its cloud services, which were launched about a year ago, will have Netmagic offering a web based interface, which will allow customers to choose from a catalog of cloud services and pay on a monthly or even an hourly basis.

The company’s cloud computing service already has over 100 customers and 500 cloud instances. The client list includes organizations such as India Infoline, Renault, CCIL and Viva Infomedia. According to Sharad Sanghi, MD and CEO, Netmagic Solutions, only 25 percent of these customers have been existing customers who have migrated from hosted services to cloud services, while the rest 75 percent have been new acquisitions. More importantly, the company has managed to break even with its cloud services just within a year.

In the new service, users can choose from a fixed plan or an elastic plan as per their requirements and pay as per usage. The company is offering three levels of compute resource usage, namely Silver, Gold and Diamond, which vary in terms of the amount of compute, memory, storage and network resources that the user can avail at a particular cost.

The portal called MyNetmagic allows the user to self provision server resources, monitor usage, re-configure existing resources based on the requirements and even stop server instances when not required. Firms also get the corresponding updates in costs so that they can monitor usage and bills.

The company is also offering specific cloud features such as persistent storage as default, option to choose public, private, or hybrid model and hourly billing options. It claims to be offering SLAs on single virtual machine instances and not on the entire grid.