Global Outlook Raises Rs. 10 Crore Funding to Fuel its Global Expansion
Date: Monday , March 05, 2012
Global Outlook, a Hyderabad based hosted Microsoft Exchange and Business Communication service provider, has secured around Rs. 10 crores from Naya Ventures. The funds would be used for the expansion of services to the Middle East, Sri Lanka, UK and U.S. markets, as well as to establish local cloud-based infrastructure capabilities in these markets. The company is also pursuing the recruitment of senior executive leadership in the U.S. market who will drive strategic alliances and market positioning. “Our goal is to become the Global leader and the most trusted provider of Secure Business Email and Unified Communication services. GlobalOutlook’s ability to raise capital in challenging market conditions and Naya Ventures’ decision to invest in us validates both our business model and the cloud-based services space. Naya’s financial commitment and strategic partnerships place us in a stronger position to achieve our goals,” says Raghu Kumar, CEO, GlobalOutlook.
The company collaborates with customers and partners such as TELCOs, ISPs, MSPs, and ISVs, web hosting companies, data centers and system integrators to define technology standards. It also provides communication and collaboration services and tools to global enterprises in U.S., India, Sri Lanka, and Middle East. It has offices in Hyderabad, and Dallas. Its portfolio customers include MPS, HRB Group, Softecnt, PRG Associates, Proteck, Microsoft, Corpus, Auromatrix, and Bheri Group among others.
"In the last 18 months, Global Outlook has grown its user base by over 400 percent, and doubled the size of its employees. After observing the continuity of this rapid growth, we have decided to invest in Global Outlook. Global Outlook fits into our core investment thesis of investing in 'cloud based mobile and social media strategies'. We look forward to leveraging our relationships in the global markets to help Global Outlook expand aggressively outside India, particularly in the U.S.," says Dayakar Puskoor, General Partner and Managing Director, Naya Ventures.