Business Daily from THE HINDU group of publications
Thursday, Oct 04, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Oct 04, 2007 ePaper |
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Info-Tech
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Venture Capital Helion invests $5.1 m in Hurix Systems Our Bureau Bangalore, Oct 3 Helion Ventures Pvt Ltd has invested $5.1 million in Hurix Systems Pvt, a Mumbai-based publishing & eLearning company. Hurix provides services across publishing, corporate learning, K-12 education, animation & gaming, technology services and products. Hurix’s clientele include McGraw-Hill Group, Prentice Hall School, Scott Foresman, Pearson Learning Group, LG Electronics, the Government of Singapore, Cathay Pacific, DHL Express, Infosys Technologies Ltd, Johnson & Johnson, Kotak Mahindra Bank and PepsiCo. Mr Kanwaljit Singh, Managing director, Helion, said the funding was in line with company’s strategy to invest in high potential companies. “Hurix has a proven track record in the fast growing publishing and eLearning space and has been doubling revenues and headcount every year since its inception in 2000, making it one of the most consistently growing companies,” Mr Singh said in a statement. Apart from Mr Singh, Mr Natarajan Ranganathan, CFO-Investment Advisor at Helion will join the Hurix Systems Board. More Stories on : Venture Capital | IT Training
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