Financial Daily from THE HINDU group of publications
Friday, Jul 26, 2002
Financial Daily from THE HINDU group of publications Friday, Jul 26, 2002 |
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Info-Tech
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Venture Capital Talisma gets $5-m funds Our Bureau
BANGALORE: Talisma Corporation, a provider of CRM solutions, has announced the initial closing on a fourth round of $5 million funding led by current investors Oak Investment Partners, Paul Maritz and founder and CEO, Mr Pradeep Singh. The company has received three previous rounds of funding in October 2000 and February and October 2001 in the amounts of $31.5, $12.3 and $10 million respectively. The fourth round of $5 million funding would be used to bolster operations in Europe and to fund expanded operations in North America and APAC as the company continues to strengthen its position in the market, said a company release. This round of funding is particularly significant as it comes at a time when venture capitalists need a very compelling reason to invest in any company, the release said. The company in the recent past has added clients such as Coast Capital Savings, Microsoft, Dell, Dabur CGU and Royal Bank of Scotland to its growing list of over 400 customers across the US, Europe and Asia Pacific.
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