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Showing posts from November, 2010

Deal Alert: Vinculum Solutions raises funding from Accel Partners

Vinculum Solutions Private Limited has received investment from Accel Partners India. The funding will help Vinculum to enhance its suite of products and to accelerate growth in India and itsglobal operations. Mr. Mahendran Balachandran, Partner,Accel India (Ex Country General Manager India, Apple) has joined the Board of Vinculum Solutions. About Vinculum Solutions Limited: Vinculum Solutions Limited is a focused company providing IT Products and Solutions to leading Retailers, Supply Chain/Logistics and Manufacturing/Distribution companies Vinculum’s product portfolio spans the retail value chain and comprises of fully owned products such as Vin MMS (Merchandising Solutions), Vin Store Solutions ( BOS, POS), Vin Commerce, Vin Procure, Vin MDM (Master Data Management). Vinculum services include a) helping customers develop a long term IT strategy covering Applications, processes , people and Infrastructure b) Application Development services c) Package Implementation, localization an...

Moser Baer's Power Foray

Economic Times has published a feature on the Moser Baer Group's foray into the power generation business. (The group recently raised PE funding from Blackstone for one of the ventures.) It’s as big a reinvention the Puris have undertaken as any. Over the next five years, the Puris plan to invest Rs 34,000 crore -- about 16 times the current revenues of Moser Baer India -- to set up 5,000 MW of power capacity across three mediums: thermal, hydro and solar. And they are doing all this outside the flagship company. ...For the Rs.34,000 crore investment required, the Puris are looking at a debt-equity ratio of 75:25. However, the banks they are talking to are asking for 30% equity, as Moser Baer is new to the power business. At 30%, the equity component is about Rs 10,000 crore. So far, it has got Rs 1,350 crore from Blackstone. The Puri family has brought in Rs 700-800 crore, most of it providentially realised from the sale of personal land just before Lehman Brothers collapsed, tak...

APAC Alternative Investments Summit provides unique forum for Investment community, organised by marcus evans

From the Partner Event Press Release: A Unique Summit, Run by an Established Event Organiser 27-29 October 2010 | Marina Bay Sands | Singapore The APAC Alternative Investments Summit ( www.apacaisummit.com/viPR ) , provided a unique interactive forum for the Investment community to explore the innovative strategies and investment vehicles that can deliver premium risk-adjusted returns. The dynamic programme was combined with one-to-one business meetings with leading service providers. A series of insightful presentations, case studies and thought-provoking discussions were led by high-profile speakers, knowledgeable in their respective fields. The summit attendees followed a personalised agenda designed to maximise their limited time and to effectively meet their business needs and interests. Keynote Speakers included: · Michael Coleman , Chairman, Alternative Investment Management Association · Charles D Ellis , Board of Advisors Member, Yale School of M...

Private Wealth Management Executives Shared Best Practices at the Private Wealth Management APAC Summit 2010, organised by marcus evans

From the Partner Event Press Release: A Unique Summit, Run by an Established Event Organiser 1-3 November 2010 | Marina Bay Sands | Singapore As the aftershocks of the economic crisis continue to disrupt markets worldwide, some of APAC’s top private wealth management industry executives came together at the recent marcus evans Private Wealth Management APAC Summit 2010, the leading private wealth management event in APAC region, to share insights and strategies for unearthing the opportunities in today’s highly volatile investment landscape. The Private Wealth Management APAC Summit ( www.pwmsummit.com/viPR ), provided a unique interactive forum for the private wealth management executives to explore the current issues affecting investments in Asia and how to ensure preservation of family businesses and fortunes. The dynamic programme was combined with one-to-one business meetings with leading service providers. A series of insightful presentations, case studies and thought-pro...

Deal Alert: Nexus Ventures participates in $8.5 M 2nd round funding of open source storage firm Gluster

Edited Excerpts from the Press Release: Milpitas, Calif. – November 9, 2010 – Gluster, the leading provider of open source scale-out storage solutions, today announced it has closed an $8.5 million Series B round of funding led by Index Ventures with participation from the previous investor, Nexus Venture Partners. Gluster has been experiencing dramatic growth worldwide in sales, partnerships, and community adoption, driven by the move to cloud based architectures, the explosion in unstructured data, and the increasing virtualization of the data center. With this new investment round, Gluster will expand its sales, marketing and support teams and allocate additional resources to partner development. Multiple trends are driving Gluster’s growth across a wide-range of industry segments including healthcare, legal, media and hosting providers: Unstructured data is growing by 60 percent per year, creating a need for vastly different storage economics; over 20 percent of all compute worklo...

Nasscom announces Short-listed Cos for EMERGE Product Showcase 2010

Software industry association Nasscom has released a shortlist of companies which will be showcased as part of the "EMERGE Product Showcase for 2010" at its Product Conclave 2010 event: Aikon Labs Pvt. Ltd. – A comprehensive idea and initiative management platform that utilizes Web 2.0 and social networking technologies integrated with process management, content management and analytics. The platform helps Enterprises & Academic/Research institutions in tapping ideas from stakeholders in their ecosystem and take them through a stage-gated process to execution. Elina Networks Pvt. Ltd. – Elina creates software based networking and IT management solutions that deliver business continuity and visibility, through robust network security, reliable connectivity, and effective remote IT management. Essentia Soft Solutions – Communities on the Cloud (community as a cloud service) Interviewstreet – Interviewstreet helps you to create your own customized programming tests (in...

LSE Podcast with Apax Founder Ron Cohen

Click Here to download an interesting lecture and interaction (at the London School of Economics) with Ron Cohen , founder of global PE firm Apax Partners. Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private equity, venture capital and M&A deals in India. View free samples of Venture Intelligence newsletters and reports. Email the author at arun@ventureintelligence.in