Financial Daily from THE HINDU group of publications
Saturday, Feb 22, 2003
Financial Daily from THE HINDU group of publications Saturday, Feb 22, 2003 |
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Info-Tech
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Outsourcing ChrysCapital to invest in Ephinay Our Bureau
NEW DELHI: Private equity firm ChrysCapital has committed to invest $10-million in Ephinay, a finance and accounting business process outsourcing start-up, headquartered in North Carolina, the US, with offshore facility in Gurgaon near here. Ephinay would offer comprehensive and scalable process management solutions to manage the entire finance and accounting functions of its clients, a company statement said. The start-up had signed one of the largest companies in the US as its first client, the statement said, adding that Mr Michael D. Gantt, former head of Fiserv's Insurance Solutions Group, had been hired as the President and CEO of Ephinay.
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