SolveDirect Service Management GmbH, a Vienna, Austria-based provider of an IT service management platform, has received an equity investment from 3TS Cisco Growth Fund.
As a result of the transaction, BRAIN FORCE HOLDING AG will remain the majority shareholder of SolveDirect, which was spun off from BRAIN FORCE Software GmbH Austria at the beginning of December.
The company, which provides Software as a Service (SaaS)-based service management solutions supporting businesses in their large B2B integration projects, intends to set up a subsidiary in Silicon Valley in order to support its global expansion.
The headquarters for serving European and internationally active customers will remain in Vienna.
FinSMEs
21/12/2009
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3TS Cisco Growth Fund as a growth engine for SolveDirect
After half a year of the Cisco Growth Fund acquiring a stake in Solvedirect, the U.S. orders for the companies service management products are beating new orders in Europe. SolveDirect has set up a subsidiary in Silicon Valley and runs an extra data center in California to comply with U.S. data security legislation.
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