Bangalore, Karnataka India (PressExposure) September 19, 2011 -- Endeavour Software Technologies, a global leader in the "next generation" of Enterprise Mobility IT Services, today announced that it has received funding from Basil Partners, a PE Fund that invests in niche technology companies. The funding will be used to accelerate growth, expand sales and marketing and facilitate cementing Endeavour's position as a leader in this sector.
"We are delighted to announce this alliance with Basil to help Endeavour enter an aggressive phase of acquiring a larger market share. Endeavour has some incredible strengths - an excellent team, leadership in extending complex enterprise applications to the latest mobile devices/tablets, strong relationship with Global 2000 enterprises and our technology partners," said Rahul Aggarwal, Managing Director and Founder, Endeavour Software Technologies.
"Basil invests in technology companies that have a sustainable business model and a niche proposition for global enterprises. We were attracted to Endeavour due to their single-minded focus on, and depth of expertise in, enterprise mobility. We are very excited to welcome Endeavour into our portfolio and are looking forward to working together with the management team to realize the tremendous growth potential that exists in extending enterprise applications to mobile devices," highlighted Rajeev Srivastava, Managing Partner, Basil Partners.
Endeavour, since inception in 2002, focuses on providing Strategic Mobility Consulting to large enterprises through Mobile Opportunity Assessments (MOA) to uncover "the whats" and "the hows" of mobile deployments for the work force, impact on consumers and brand, mobilization possibilities, competitive landscape and ROI. It further helps them in implementing this roadmap across various mobile platforms. The company has over 200 employees and offices in North America, Europe and Asia.
About Basil Partners (http://www.basilpartners.com):
Basil Partners is a Private Equity fund focused on investing in high growth IT companies in niche technology sectors. Basil's investment philosophy is to Partner with the Portfolio company in actively building world class companies. The Partners in the Fund are hands-on professionals who have managed leading IT & IT Enabled organizations. They add significant value to Portfolio companies across Strategy, Sales & Marketing, Delivery & Operations and Finance. The capital comes from Basil Growth Corporation, a closed-end Venture Capital Fund incorporated in Mauritius.