Cendura to double workforce in India

HYDERABAD: Cendura Corporation, a Blueprint-based application management solutions provider, has closed its series B round of financing, securing $8 million. NeoCarta, a venture capital firm focused on early to mid-stage technology infrastructure companies in the software, hardware, networking and wireless sectors, led the fresh round of funding.

Welcoming NeoCarta as an investment partner, Cendura Corporation CEO Pavan Nigam said that the recent round of funding will enables Cendura to make strategic investments in sales, partner initiatives and marketing programs.

"We will also increase our investment in product development, accelerating our ability to deliver on our vision of a complete strategic management platform that brings the value of Blueprinting to all levels of IT," he said.

The company plans to use proceeds from this round of funding for general corporate purposes, global expansion, and sales and marketing, including expanding the Indian Operations.

"We plan to double our strength to 140 by the end of this year. We are also looking at the prospect of partnering with Tier 1 and Tier II IT companies in India who can offer our product to their customers," added Cendura's India operations head and managing director Lav Nigam.

The company has till date raised a total of $16 million in funds. New Enterprise Associates, Crosslink Capital and Silicon Valley Bank, which funded Cendura's Series A round, also participated in the latest round of funding.

In a related development, NeoCarta's New York office Managing Director, Peg Jackson joined Cendura’s board of directors. Jackson is currently a director of DataSynapse, MediaOcean, Myrio and Silverpop, and she manages NeoCarta’s investment in PRN, the nation’s largest entertainment and advertising network for direct retail.

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