Epiance Corporation has garnered $7.5m in a series B of venture capital financing round, led by Norwest Partners and Outlook Ventures. Epiance, a developer of software for automating enterprise business processes at the human interaction level will use the funding to continue its product development and expand sales and marketing. Epiplex, its software package that tracks business processes in action, models them against best practices and tracks them; is the company's niche. Using this technology, Epiance has proven its ability to dramatically slash costs and improve performance in a variety of BPI projects for Global 2000 customers in multiple industries.

Epiance, formerly called Guru Inc. (1996) was incorporated in 2001 and since then it has garnered $6 million in its first round of angel financing. Its profits are seeing north for the last 18 months, but given the company's plans in 2004, they expect to break even this year and return to profitability next year. Shankar Ramamurthy the founder, chairman and CEO said, "The added funds provide the company with the financial stability needed to pursue our aggressive growth agenda. We are delighted to work with leading firms like Norwest Venture Partners and Outlook Ventures, who have a record of funding and building great software companies like PeopleSoft, Documentum and Tivoli."

This Bangalore-born company is presently located in Virginia and intends to move to California in a short while. Venkat Mohan, a representative of the Norwest Ventures, has been a major investor and is also in the board. The company already has among the world's largest names as its customers such as Microsoft, IBM, Aetna, Merrill Lynch, Morgan Stanley, Hartford Insurance, General Motors, SBC, Internal Revenue Services, Schlumberger, Mitsubishi, Toyota, and Nippon Steel.