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Norwest Puts $2.5M In Appnomic Systems

02 December, 2010

US-based Appnomic Systems has raised $2.5 million in a Series B round of funding led by existing investor Norwest Venture Partners. Appnomic offers automation-based infrastructure management services. Norwest had invested $4.2 million in the company in January 2009.

Appnomic Systems Pvt Ltd, the Indian arm of the firm, has offices in Bangalore, Chennai, Hyderabad and Mumbai. The company recently roped in Subramanian Parameswaran as President of its India Operations. The firm also has a presence in Saudi Arabia, Germany and the United Arab Emirates.

The company will use the funds to enhance its sales presence in the US, launch operations in Europe and in research and development to enhance the its application aware IT infrastructure management platform.

Promod Haque, managing partner, NVP, said in an official release, “We believe Appnomic continues to be well positioned to address IT management requirements of growing enterprises that are working with both on-premise and hosted/cloud-based technologies.”

“NVP has been very supportive of Appnomic’s growth and we are happy to be extending our relationship with Promod and NVP with this round of funding,” said Paddy Padmanabhan, CEO of Appnomic.

NVP manages more than $3.7 billion in capital and has investments in Kayak, NSE, Sulekha.com and Quickr. Appnomic’s clients include Rediff.com, Tata Business Support Services Ltd, Tata Sky, Yatra.com, Ramco, DataCore Software, Everest Bank Ltd, Karnataka Bank.


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Norwest Puts $2.5M In Appnomic Systems

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