Talisma Corp. Announces Initial Close of Series C Funding, Cash Infusion And Strengthening of the Board of Directors
Financing Validates the Market Success of the New Generation of Talisma CRM
Products Introduced in March of This Year
SEATTLE, Oct. 29 -- Talisma(R) Corporation, one of the
emerging leaders in the CRM market, today announced its initial closing on a
third round of funding, led by current investors Oak Investment Partners,
Madrona Venture Partners, SeaPoint Ventures and founder and CEO Pradeep Singh.
Talisma is also pleased to welcome Paul Maritz, former Microsoft executive, as
an investor participating in this funding. Mr. Maritz will also become a
member of Talisma`s Board of Directors.
"Oak is focused on supporting companies that will be winners over the long
run, and we feel Talisma is one of those companies," commented Fred Harman,
general partner at Oak Investment Partners. "Talisma has a unique business
model, an experienced management team and a compelling selection of
CRM-related products and solutions. We believe these fundamental strengths
will continue to propel Talisma`s success over the coming months and years,"
he added.
Talisma announced two previous rounds of funding in October of 2000 and
February of 2001 in the amounts of $31.5 and $12.3 million respectively.
Talisma has raised $10 million in the third round of financing. The money
will be used to continue funding Talisma`s operations in North America and
India as the Company moves towards profitability over the coming quarters.
Ex-Microsoft executive Paul Maritz invests & joins board
"We`re delighted to have once again received this important vote of
confidence not only from our existing investor group, but also from Paul
Maritz, one of the most influential people in the high-tech industry," said
Pradeep Singh, founder Chairman and CEO, "Talisma, the rest of the Board and I
are very excited to have Paul join us at this time in Talisma`s growth towards
profitability."
Paul Maritz, who has joined the company as an investor and a member of
Talisma`s board of directors, is a retired Microsoft Corporation executive.
Maritz spent 14 years at Microsoft, most recently as group vice president for
the company`s Platforms Strategy and Developer Group.
Talisma experiences 24% quarter-to quarter growth in 2002
As announced recently, Talisma has experienced over 24% sequential
quarter-over-quarter revenue growth during the first three quarters of 2001.
This strong growth, sustained in an extremely challenging and selective
marketplace, bucks a prevalent trend in CRM of decreasing revenues by
competitors.
This growth is proof that the CRM market is strongly embracing Talisma`s
integrated suite of CRM products as a valuable solution for their needs. This
growth is particularly strong in the call center market where Talisma`s
integrated suite enables a comprehensive transition from phone-centric call
centers to integrated multi-channel contact centers.
Talisma - A different kind of CRM
The Talisma eCRM Suite is developed from one, integrated code base
allowing a level of integration and interoperability unmatched in the
industry. Because of this flexibility, the Talisma eCRM Suite can be quickly
configured to meet immediate requirements and evolve over time to meet the
complex and ever-changing needs of today`s challenging business climate.
Talisma`s CRM solutions integrate all communication channels across
multiple touch points including phone, e-mail, Web self-help, Web forms, chat,
VoIP, fax, wireless and in-person meetings. The company also provides
extensive training and integration services and outsourced support services.
Talisma`s Outsourced Services provide skilled and knowledgeable people to
support a company`s need for 24x7 worldwide support, complementing its full
suite of CRM offerings.
About Talisma -- http://www.talisma.com
Talisma Corporation is a provider of interaction-centric CRM solutions for
service, sales and marketing. Talisma`s proven philosophy of rapid software
deployment and use-based evolution has helped hundreds of companies create
long-lasting and profitable customer relationships and see early returns on
their investment. Whether hosted or installed, modular Talisma eCRM products
and services are easy to deploy, extend, integrate, and scale.
Headquartered in Seattle, Talisma has more than 500 employees with offices
in India, Europe, Asia and 15 cities across the U.S. The company has a
rapidly growing list of more than 400 customers including Real Networks,
Lowe`s Companies Inc., Air Products, MSNBC, Cooper Tires, Google, The Red
Cross, EMI, Mexicana Airlines, Tupperware and BlueNile.com. Talisma is
privately held with investments from Oak Investment Partners, Madrona Venture
Group, The Carlyle Group, SeaPoint Ventures and Cedar Grove Investments.
CONTACT:
Jerry Johnson of Talisma Corp.
+1-425-897-3281
jerryj@talisma.com
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