Talisma closes $5 million fourth round of funding

BANGALORE: Talisma Corporation has announced the initial closing on a fourth round of funding, led by current investors Oak Investment Partners, Paul Maritz and founder and CEO Pradeep Singh. Talisma had received three previous rounds of funding in October 2000, February 2001 and October of 2001 in the amounts of $31.5, $10 million respectively. Talisma raised $ 5 million in its fourth round of financing.

According to the company, the money will be used to bolster its operations in Europe and to fund Talisma’s expanded operations in North America and in Asia Pacific. Talisma also received the Investors Choice Award from WSA (formerly known as Washington Software Alliance) at a gathering of institutional investors in the Pacific Northwest.