Hot on the news of Techbooks' aquisition of Pune based Maximize Learning come the expansion plans of two Indian vendors, Pune based Brainvisa and Mumbai based Hurix.
*WestBridge to invest US$5.5mn in Brainvisa*
WestBridge Capital Partners on Thursday announced an investment of US$5.5mn in Brainvisa Technologies. This new injection of funds will be used for expansion and M&A activities. With this investment, WestBridge will take a significant stake in Brainvisa and KP Balaraj, Managing Director and Surendra Jain, Venture Director of WestBridge Capital Partners, will join the board of the company. For more details click here.
*Hurix Systems announces ambitious expansion plans*
Hurix Systems, a knowledge-based solutions company, announced on Wednesday its ambitious expansion plans. The company wants to open sales and delivery offices in key business locations within a period of 3-4 years and increase the staff strength from the existing 150 to 400.
At present, the company has a 8000 sq ft head office in Mumbai with staff strength of 110. Its development centre at Chennai has a 4200 sq ft office space and staff of 40.
Viswamitra Hariharan, Chief Operating Officer, Hurix Systems, said, “ We have expanded our global presence to encompass the Asia Pacific markets of Korea, Singapore, and Hong Kong as well as North America and Europe. We are also planning to come up with a development centre in US in near future.” For more details click here.
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