PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: CIBER, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Iteamic Secures Funding from Canbank Ventures - Bangalore-based software services company Iteamic, has secured funding from Canbank Venture Capital Fund Ltd India, for an undisclosed stake
Iteamic Secures Funding from Canbank Ventures

 

NewswireToday - /newswire/ - Bangalore, Karnataka, India, 2007/06/29 - Bangalore-based software services company Iteamic, has secured funding from Canbank Venture Capital Fund Ltd India, for an undisclosed stake. NYSE: CBR

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Iteamic a Bangalore-based software services company focussed on providing software solutions in the Financial Services, Banking and Insurance segments, recently secured funding from Canbank Venture Capital Fund Ltd, India, for an undisclosed stake, to propel its next level of growth. This is the company’s first infusion of external funding.

The funding from Canbank will accelerate Iteamic’s expansion plans and augment its infrastructure, R&D and sales and marketing initiatives.

Iteamic founder and CEO Raghurama Kote said: “After a significant amount of interest shown by various investors we are delighted to be partnering with Canbank Ventures and with this new partnership we have the collective experience to sustain and grow our market share and augment our global penetration. We will aggressively further innovations by enhancing the current range of our service offerings.”

Iteamic provides compelling solutions to meet business challenges through consultative services spanning - application management solutions, product collaborative development and dedicated offshore development centers for global clients. “In the curent scenario, focussing on niche segments is the way for small and medium enterprises. Our advantage is that we understand their language and can, hence, provide better solutions,” Mr Kote pointed out.

On partnering with Iteamic, Mr.N.Ramani, Managing Director Canbank Ventures said, “We have been very impressed with Iteamic’s team and the rate at which they have been growing. With their core domain expertise coupled with their service offerings, Iteamic could become one of the most valuable companies in the very near future. Canbank Ventures is excited to be a partner in Iteamic's continued growth and looks forward to assist them to become pioneers in this segment globally”.

Canbank Venture Capital Fund Ltd is a wholly owned subsidiary of Canara Bank and is among the earliest Venture Capital Fund management companies in India. Canbank Ventures currently manages four funds.

Iteamic (iteamic.com) is an SEI CMMi Level 3, IT service provider headquartered in Bangalore with its corporate offices in San Francisco & New York. With its recently opened office in New York, Iteamic has increased market reach into financial services industry vertical. Iteamic works directly with medium sized Financial Services firms, apart from working with some well funded start-ups in the Silicon Valley.

Currently Iteamic caters to marquee Clients in the Financial Services, Banking and Insurance segment as Tier-1 vendor by leveraging its domain and vast technology experience in both niche proprietary and open-source technologies. Since its inception in 2003, Iteamic has grown from 4 to 200 plus professionals and has achieved a consistent 100% year on year growth. Iteamic is among the very few players in the country in this segment of the market.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: CIBER, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Iteamic Secures Funding from Canbank Ventures

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Iteamic | Iteamic Blog
Publisher Contact: Narayana.D - Iteamic.com 
661-830-5300 ndharmaraju[.]iteamic.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any CIBER, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From CIBER, Inc. / Company Profile


Read Software Most Recent Related Newswires:

Seven Real Estate Organizations Choose zipLogix™ as a Member Benefit Partner
Yardi Introduces RENTCafé Reach Advanced Property Marketing Services
Samsung and Mentor Expand Calibre DFM Offering for Mutual Customers
Pega Extends Cloud Choice Through Collaboration with Pivotal
IBM Platform Deployed by Sidra to Advance Qatar’s Biomedical Research Capabilities
PTC Creo Product Insight Offers the Power of the IoT for Product Design
Whelen Engineering Company Partners with Infor to Support Digital Transformation
Mentor Automotive Extends Test Platform Portfolio for Automotive Audio Bus
Hitachi to Deliver New Mainframe Based on IBM z Systems in Japan
The Oxford Partnership Decreases Storage Space by 75% with NAKIVO
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D Printers
AS ONE Leverages Oracle Database Cloud to Publish Inventory Data to 4,300 Dealers in Real Time
Noble Systems Focuses on Customer Service at ICMI 2017
UK Medical Device Manufacturer Transforms Business Performance and Profitability with NetSuite Cloud ERP
IBM Launches Accelerator Program to Kickstart Blockchain Adoption for Enterprises

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Explorers Vacation Club

Visit  Deb Sheppard - Medium Psychic Author Speaker





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)