Trianz raises $14 million in equity funding
16 Jan 2007
Global operations consulting and technology and outsourcing services firm Trianz has announced a tie-up with Mauritius-based venture capital investor New York Life Investment Management India Fund funds for expanding its business lines and international presence.
Established in 2001 in Silicon Valley as a high-end management consulting services firm that helps senior leaders execute business and technology initiatives through a mix of business consulting and technology capabilities. The firm provides management consulting, technology engineering and operations outsourcing services.
"Working with investors who are committed to building a global brand and a competitive professional services firm is important," said Ronald Oehm, chairman, Trianz. "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," Oehm added.
Trianz has grown in the US, and expanded its presence in India, Singapore and Japan, providing high-end business consulting and technology services. It plans to expand its presence and in the US, Europe, India and Asia-Pacific.
Sri Manchala, CEO and president, Trianz says,"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."
According to A P Verma, president and COO, SBI Capital Markets Limited (SBICAP), the investment banking subsidiary, State Bank of India and financial advisor to Trianz, "We have been witnessing the steady growth of Trianz and are confident that Trianz will be one of the leading blue chip firms of the future. We look forward to having a strong relationship with Trianz and being a part of their accomplishment."
