OATSystems gets $11.5 mn from 2 VC firms
Facebook Twitter google+ RSS Feed

OATSystems gets $11.5 mn from 2 VC firms

By SiliconIndia   |   Monday, 22 September 2003, 07:00 Hrs
Printer Print Email Email
HYDERABAD: OATSystems, a privately-held software firm, has announced that it has secured financing of $11.5 million from two venture capital firms, Matrix Partners and Greylock.

The funding will support several initiatives, including product development in the Radio Frequency Item Identification (RFID) industry, OATSystemsÂ’ founder, Mr Prasad Putta said in a press release.

OATSystems has a product, Senseware, which is the first reader independent RFID middleware providing business with real time visibility and product security in their supply chains.

The company was one of the first technology sponsors of the Massachussetts Institute of Technology Auto-ID centre, a global research programme dedicated to developing automatic identification networks to improve supply chain management, according to the release.



Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset