Almaz Capital Invests In Acumatica
November 11th, 2009 | by rarzi |
Moscow as well as Silicon Valley-based try collateral fund, Almaz Capital Russia Fund I has done an investment in Acumatica, the web-based accounting, ERP as well as CRM program vendor, the association announced upon the web-site. According to commercial operation journal Vedomosti, Almaz Capital invested multiform million dollars in sell for about 20% interest in Acumatica.
Acumatica, that has launched the code as well as web-site in Oct 2008, is incorporated in the US as well as has program growth operations in Russia. The Acumatica record was primarily grown as the plan of virtualization as well as industrialisation program businessman Parallels. Serguei Beloussov, try partner during Almaz Capital as well as CEO of Parallels, owns the interest in Acumatica, he told to the newspaper.
Almaz Capital Russia Fund I was shaped in Jul 2008, when it finished an primary shutting with the $30 million anchor investment from Cisco.
Source : http://feedproxy.google.com/~r/quintura/comblog/~3/13sBnkPPoaw/
