Tech Company Financing Transactions
Persistent Systems Funding Round
Persistent Systems, based in Santa Clara, scored $18.8 million from Gabriel Venture Partners and Norwest Venture Partners.
Transaction Overview
Company Name
Announced On
12/7/2005
Transaction Type
Venture Equity
Amount
$18,800,000
Round
Undisclosed
Investors
Gabriel Venture Partners (Lead Investor) (Navin Chaddha)
Norwest Venture Partners (Lead Investor) (Promod Haque)
Proceeds Purpose
This will elevate Persistent to the next level, and the company will further augment its presence in the US and aggressively look at accelerating its growth.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
2055 Laurelwood Rd. 210
Santa Clara, CA 95054
USA
Santa Clara, CA 95054
USA
Phone
Website
Email Address
Overview
Persistent Systems pioneered the offshore centric software product development model fifteen years ago, and has since established an impeccable delivery record with over 150 satisfied customers worldwide.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anand Deshpande
Chief Financial Officer
Sunil Sapre
Chief Technical Officer
Siddhartha Chatterjee
President
Jitendra Gokhale
VP - General Counsel
Thomas Klein
VP - Human Resources
Sameer Bendre
VP - Operations
Atul Khadilkar
VP - Sales
Sudhir Kulkarni
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Where The Data Comes From
We document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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