BANGALORE: Talisma has announced that it would merge with Pivotal Corporation, a provider of customer relationship management (CRM) software for mid-sized enterprises. Simultaneously, Oak Investment Partners, the majority shareholder of Talisma, would purchase all outstanding shares of Pivotal.

The new organization will operate as Pivotal Corporation headquartered in Vancouver, British Columbia with major field operations in Seattle, London, and Bangalore. Talisma CEO, Dan Vetras, will be appointed to the position of chief operating officer, reporting to Bo Manning, president and CEO of Pivotal.

Once these transactions are completed, Ranjan Chak, chairman of the board, Talisma and venture partner at Oak Investment Partners, will assume the position of Chairman of the Board.

In addition, Paul Maritz, former group vice president of Microsoft's Platforms Strategy and Developer Group, is an investor in this transaction.

"This is an outstanding opportunity for our organization," said Ranjan Chak, chairman of the board, Talisma. "The combined product offerings and our ability to leverage the efficiencies of our India based development model, coupled with Oak Investment Partners continued support, solidify our long-term financial stability."

According to Dan Vetras, CEO, Talisma, "Pivotal and Talisma are a winning combination."

"The lack of a clear market leader in the customer relationship management software for mid-enterprise makes this a very synergistic business combination," said Bo Manning, president and CEO, Pivotal.