Open source software company CIGNEX Technologies, having operations in India, has announced on last Monday the closing of a round of funding with Apar Investments Inc. and Basil International Investments Ltd., both based in the British Virgin Islands, and Honorex Investments Holdings Ltd., a company based in Mauritius.
CIGNEX Technogies said it will use the proceeds to fund expansion of services, sales and marketing activities. The company has become the leader in the rapidly growing open source ECM space, and it will use the proceeds to fund continued growth into the market. With more than 60 successful customer engagements and a broad solution portfolio, the company is expanding both the breadth and depth of services available to businesses and government agencies.
Kushal Desai, Director of BVI registered Apar Investments Inc., has commented: “CIGNEX’s combination of technical knowledge and integration expertise puts them in an excellent position to capitalize on the emerging open source application market… their track record of successful customer engagements and industry thought leadership speaks for itself, and we’re very pleased to participate in their continued growth and success.”
Rajeev Srivastava, Director of BVI-based Basil International Investments Ltd., has said: “From operating systems and servers through applications, open source is rapidly gaining acceptance as the gold standard. CIGNEX has been a leader in this space since the beginning, and understands how to leverage open source technology to build world-class solutions… with our investment, we intend to help CIGNEX extend their solution set and market leadership position.”
CIGNEX was founded in 2000 and has its headquarters in Santa Clara. It is the leading provider of open source Enterprise Content Management solutions for businesses and government agencies. By combining a range of consulting, development, training, support and ongoing maintenance services, CIGNEX offers multiple solutions that can be quickly optimized for each customer’s requirements.