Trianz raises US$ 14mn in equity funding

RELATED NEWS Outsourcing issue could get ugly again Indian cities best for outsourcing: Survey RBI notifies new guidelines on banks’ outsourcing biz Nifty BSE | NSE 13/02/12 Are Mutual Funds betting on Nifty?

Trianz, a global operations consulting, technology and outsourcing services firm, today announced that it has partnered with the New York Life Investment Management India Fund (FVCI II), LLC ("NYLIM India Fund"), a Mauritius based foreign venture capital investor. Trianz will use the funds towards expansion of its business lines as well as grow its international presence.

 

Established in 2001 in Silicon Valley as a high-end management consulting services firm, Trianz has grown in the US, and expanded its presence in India, Singapore and Japan. Today, Trianz serves clients around the world through a seamless one-firm culture, offering high end business consulting and technology services. Future plans include tapping new geographies and service segments in the United States, Europe, India and Asia-Pacific through both the organic and inorganic routes.

 

 "In a short span of five years, Trianz has achieved success as a premier consulting, technology and outsourcing services firm in extremely competitive US, European and Japanese markets. We have established a unique execution oriented value proposition and strong track record of success with clients. We are now ready to scale Trianz as a blue-chip professional services firm with a wide range of services for our global clients. Supporting our aggressive growth, we believe a partnership with NYLIM India Fund enables us to invest in the organization and infrastructure such that we continue to exceed our client's expectations. Trianz has always been a diverse global firm and this offers our current and future employees a tremendous opportunity to be part of an exciting growth story and making of a blue-chip" said Sri Manchala, CEO and President, Trianz.

 

Ronald Oehm, Chairman of Trianz commented, "Working with investors who are committed to building a global brand and a competitive professional services firm is important. The support we have received from SBICAP our advisors and NYLIM India Fund not only validates the strength of our unique hybrid business model of management consulting and technology services but also speaks volumes for the future that lies ahead of us in a global scenario."

 

Contd on page 2....