OfficeTiger gets $50 million funding

By SiliconIndia   |   Tuesday, 22 June 2004, 07:00 Hrs
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CHENNAI: Officetiger, a business process outsourcing firm with operations in Chennai, has received $50 million investment from Francisco Partners, a private equity firm.

Of this, $25 million was direct investment. This funding would provide the firm with resources and capital base to execute its growth plans, the company said.

The investment would fuel the company’s growth in the US and Europe through capital improvements, acquisitions and strategic alliances, Randolph Altschuler, Co-Chief Executive Officer, OfficeTiger, said in a press statement.

Following the investment, Neil Garfinkel and David Golob, partners with Francisco have joined OfficeTiger’s board of directors.

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