Talisma finishes $5m fourth-round funding

Hyderabad: Talisma Corporation, a Seattle-based leader in the customer relationship management market, has announced the initial closing on a fourth-round of funding, led by current investors Oak Investment Partners, Paul Maritz and founder and CEO Pradeep Singh.

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. Talisma has great products and a business model that is unmatched. In addition, were in a software category that may become the largest software category ever. Its a tremendous validation that we received the Investors Choice Award by a seasoned group of institutional investors, says Singh.

Talisma has received three previous rounds of funding in October 2000 and February and October of 2001 in the amounts of $31.5, $12.3 and $10 million, respectively. Talisma raised $5 million in its fourth round of financing.

The money will be used to bolster operations in Europe and to fund Talisma's operations in North America and APAC as the company continues to strengthen its position in the market. Talisma is one of the fastest growing in its category and operates with a very strong India business model.

In the recent past the company has added names 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.