Tech Company Financing Transactions

Persistent Systems Funding Round

Persistent Systems, based in Santa Clara, scored $18.8 million from Gabriel Venture Partners and Norwest Venture Partners.

Transaction Overview

Company Name
Persistent Systems
Announced On
12/7/2005
Transaction Type
Venture Equity
Amount
$18,800,000
Round
Undisclosed
Investors

Gabriel Venture Partners (Lead Investor) (Navin Chaddha)

Norwest Venture Partners (Lead Investor) (Promod Haque)

Proceeds Purpose
This will elevate Persistent to the next level, and the company will further augment its presence in the US and aggressively look at accelerating its growth.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
2055 Laurelwood Rd. 210
Santa Clara, CA 95054
USA
Phone
(408) 216-7010
Website
www.persistentsys.com
Email Address
[email protected]
Overview
Persistent Systems pioneered the offshore centric software product development model fifteen years ago, and has since established an impeccable delivery record with over 150 satisfied customers worldwide.
Profile
Persistent Systems LinkedIn Company Profile
Social Media
Persistent Systems Company Twitter Account
Company News
Persistent Systems News
Facebook
Persistent Systems on Facebook
YouTube
Persistent Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Anand Deshpande
  Anand Deshpande LinkedIn Profile  Anand Deshpande Twitter Account  Anand Deshpande News  Anand Deshpande on Facebook
Chief Financial Officer
Sunil Sapre
  Sunil Sapre LinkedIn Profile  Sunil Sapre Twitter Account  Sunil Sapre News  Sunil Sapre on Facebook
Chief Technical Officer
Siddhartha Chatterjee
  Siddhartha Chatterjee LinkedIn Profile  Siddhartha Chatterjee Twitter Account  Siddhartha Chatterjee News  Siddhartha Chatterjee on Facebook
President
Jitendra Gokhale
  Jitendra Gokhale LinkedIn Profile  Jitendra Gokhale Twitter Account  Jitendra Gokhale News  Jitendra Gokhale on Facebook
VP - General Counsel
Thomas Klein
  Thomas Klein LinkedIn Profile  Thomas Klein Twitter Account  Thomas Klein News  Thomas Klein on Facebook
VP - Human Resources
Sameer Bendre
  Sameer Bendre LinkedIn Profile  Sameer Bendre Twitter Account  Sameer Bendre News  Sameer Bendre on Facebook
VP - Operations
Atul Khadilkar
  Atul Khadilkar LinkedIn Profile  Atul Khadilkar Twitter Account  Atul Khadilkar News  Atul Khadilkar on Facebook
VP - Sales
Sudhir Kulkarni
  Sudhir Kulkarni LinkedIn Profile  Sudhir Kulkarni Twitter Account  Sudhir Kulkarni News  Sudhir Kulkarni on Facebook

 

 

Browse more venture capital transactions:

Prev: 12/7/2005: Trovix venture capital transaction
Next: 12/7/2005: Visage Mobile venture capital transaction

 

Share this article

 

Where The Data Comes From

We document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary

 

Copyright © 2001-2024. Gaebler Ventures. All rights reserved.