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Trianz to raise 14 mn dollars in equity funding

Date: January 16,2007
New Kerela.com

 

New Delhi, Jan 16: Global technology and outsourcing firm Trianz today said it has partnered with the Mauritius-based foreign venture capital investor New York Life Investment Management India Fund (NYLIM India Fund) to raise 14 million dollars in equity funding.

Trianz would use the fund towards expansion of its business lines and for growing its international presence, it said in a release here.

"The partnership with NYLIM India Fund enables us to invest in the organisation and infrastructure such that we continue to exceed our client's expectations," Trianz CEO and President Sri Manchala said.


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