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November 23, 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 and integration services for best of breed products like Oracle Retail Suite (RMS, ORPOS, AVT, Planning) ,Demantra, ASCP, Infor WMS, TMS, Manthan BI &Revionics Price Optimization solutions.

For more information, please visit the Vinculum Group website at www.vinculumgroup.com

November 19, 2010

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, taking the real estate market with it....The remaining Rs 8,000-odd crore is expected to come by diluting equity, both to the public and to private equity. Moser Baer Projects has also tied up a loan of Rs 2,000 crore each from Axis Bank and SBI Caps.

...The Puris have taken a clean approach to structuring the power business. It’s separate from Moser Baer India, the listed entity that is into digital storage and PV cells. Says Ratul Puri: “Development businesses are very different from manufacturing. The risk profiles are different, as are the mindsets and approaches required.” So, for the power business, there’s a holding company, Moser Baer Projects, in which the Puris and Blackstone are shareholders. Moser Baer Projects has three subsidiaries, one for each power business; mining is a division of the holding company.

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

November 11, 2010

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 Management, Former Chairman, Yale Corporation Investment Committee

· Simon Gray, Director, Supervision, Dubai Financial Services Authority

· Kamran M Khan, Programme Director & Head of the World Bank Office Singapore, World Bank

· Juan Yermo, Head of Pension Funds Unit, Financial Affairs Division, OECD

Testimonials

“The event is efficient and productive to meet many potential investors during only 3 days.”
Executive Officer & GM Client Services, Secured Capital Japan Co. Ltd

“I loved it. It was nice to meet professionals in same field. I hope I can come back to the event next year.”
Vice President, Tomato Bank/Shinbo Investment

“The summit was thoroughly enjoyable, highly productive and very informative. Thank you.”
Associate, Prosperity Capital Management (UK) Ltd

marcus evans
Summits (
www.marcusevans.com), produces high level business platforms for the world’s leading decision-makers. These dynamic and innovative forums initiate and develop business relationships one to one between director and C level practitioners from the world’s most influential organisations and with leading product and service suppliers. marcus evans Summit’s guarantees an exclusive format which enables participants to achieve the maximum amount of business and knowledge interaction over a three day event in a stimulating environment.

Please note that the APAC Alternative Investments Summit is a closed business event and the number of participants is limited.

For more information
Daniela Trojakova
Marketing Manager
Tel: +357 22 849 380
Email: summits@marcusevanscy.com
www.apacaisummit.com/viPR

www.marcusevans.com

November 10, 2010

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-provoking discussions were led by high-profile speakers, knowledgeable in their respective fields.

In his opening keynote presentation, Professor J Carlos Jarillo, Author and Former Professor of International Strategy at the University of Geneva, provided an academic as well as professional analysis in the key areas that are critical for family office investment executives. Seeing that many affluent families were faced with dramatic experiences during the financial crisis, understanding risk is one of the main concerns family offices must bear in mind to keep their investment portfolios secured.

Robert Bernstein, Co-Founder & Managing Partner, PRISM Family Office and Annie Koh, Associate Professor of Finance, Dean of Office of Executive & Professional Education, Singapore Management University provided insight into why individual passion is so important to self worth, how careful collaboration allows self worth to turn into real wealth, and how these principles can be utilised to create high impact philanthropy that preserves and grows family legacy.

Testimonials

“It was certainly very well organised and productive.”
Partner, Client Associate

“Simply brilliant. marcus evans events are not to be missed. Complete and inspiring. Good to capture insights from specialists from around the globe”
Division Manager, A2A Capital Services Sdn Bhd

“The summit offered a “balanced views” on the challenges/opportunities faced by family offices from East and West. It enables delegates to acquire new and refreshing ideas towards family office wealth management”
Board Member, Stamford Wealth Academy

marcus evans Summits (www.marcusevans.com), produces high level business platforms for the world’s leading decision-makers. These dynamic and innovative forums initiate and develop business relationships one to one between director and C level practitioners from the world’s most influential organisations and with leading product and service suppliers. marcus evans Summit’s guarantees an exclusive format which enables participants to achieve the maximum amount of business and knowledge interaction over a three day event in a stimulating environment.

Please note that the Private Wealth Management APAC Summit is a closed business event and the number of participants is limited.

For more information
Daniela Trojakova
Marketing Manager
Tel: +357 22 849 380
Email: summits@marcusevanscy.com
www.pwmsummit.com/viPR
www.marcusevans.com

November 09, 2010

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 workloads are now virtualized, creating a need for vastly different shared storage architectures; and, the cloud is expected to account for 14 percent of all IT spending by 2014, creating a need for storage that works both on-premise and in the cloud.

Gluster addresses these needs with a scale-out, open source, software-only storage solution that enables enterprises to manage petabytes of file data in a single volume across multiple storage servers. Gluster can be deployed using both on-premise commodity hardware and public cloud storage, delivering excellent performance across a wide range of workloads, including those found in highly virtualized compute environments. As a result, Gluster gives enterprises the ability to treat physical storage as a virtualized, standardized, scale-on-demand pool in much the same way that they treat computing resources today, radically improving storage economics in the process.

"As the explosion in unstructured data continues, Gluster has demonstrated a unique capability to address challenges associated with managing massive amounts of data,” said Naren Gupta, co-founder of Nexus Venture Partners and member of the Gluster board of directors. “Storage is emerging as the Achilles heel for virtualizing the data center and the move to the cloud. Gluster provides a hardware-agnostic, easily scalable storage solution that eliminates this road block and helps companies take advantage of the cloud’s true benefits. We are very excited to partner with the Gluster team to help create the next standard in scale-out storage.”

“We are gratified by the level of interest Gluster has received from investors, customers, and the community, and we are thrilled by the opportunity that this funding round gives us to accelerate growth,” said Ben Golub, president and CEO at Gluster.

About Nexus Venture Partners

Nexus Venture Partners (www.nexusvp.com) is India's leading venture capital fund, founded by successful entrepreneurs in India and Silicon Valley. It has $320m under management and an active portfolio of over 20 companies across technology, media, consumer, business services, energy and agribusiness sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses. Some of the companies that Nexus has invested in include Komli (Internet advertisement network), Suminter (Organic farming), Dlight (Solar Lighting), DimDim (Open Source Web Conferencing), Mapmyindia (Digital Navigation), Deccan Pharma (Neutraceuticals), Gluster (Open source storage), WhatsonIndia (TV Guide), Cloud.com (Cloud infrastructure), Pubmatic (Publisher Ad revenue optimization), Prana (Animation services) and Netmagic (Internet Infrastructure). Investors in Nexus include leading university endowments, foundations and sovereign funds.

November 03, 2010

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:

  1. 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.

  2. 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.

  3. Essentia Soft Solutions – Communities on the Cloud (community as a cloud service)

  4. Interviewstreet – Interviewstreet helps you to create your own customized programming tests (in any language) and evaluate candidates based on their programming skills before proceeding for an interview.

  5. Innoz Technologies Pvt.Ltd – SMSGYAN has a unique user value-In a situation where you are stuck with no GPRS/EDGE connectivity, or you have a phone which doesn’t have a (good?) web browser, SMSGYAN holds much promise in getting you in the information that you need. SMSGYAN can be used in any basic phone model.All your phone need is just an SMS facility.

  6. NMSWorks Software Private Limited – CygNet Optical Transmission Network Management System (OTNMS) is a novel all-in-one NMS (Network Management System) and OSS (Operations Support System) which does the complete discovery, end-to-end provisioning and management of Optical Transmission Networks of large Telecom Service Provider Network .

  7. Sanovi Technologies – Sanovi DRM is a comprehensive Disaster Recovery Management software that enables IT organizations to meet their Recovery service levels. Using Sanovi DRM to orchestrate predictable recoveryof IT applicaitons, customer have reduced application down time, lowered cost of DR operations and build an agile IT that is recovery ready to responds to natural or man made outages.

  8. Voicetap Technologies Pvt Ltd - Voicetap is a startup focused on generating value through innovative voice based solutions for telecom operators, large businesses and end users alike. Voicetap’s flagship product – CustomerTAP helps businesses convert the leads that they generate into warm inbound leads – and thus enhance conversion ratios while maintaining a definite check on the funds spent on the acquisition of leads.

The companies will present at the EMERGE Product showcase at the NASSCOM Product Conclave on the 10th November from 1230 to 1330 hrs in the Convention Hall at the Hotel Lalit Ashok. Click Here for more information.

November 02, 2010

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