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News Stories Friday, February 27, 2004   
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Talisma lands $5 million in new funding


Kirkland, WA-based Talisma Corp, provider of multi-channel CRM solutions, has secured $5 million in an inside round of funding from Oak Investment Partners. Talisma says it will use the capital to expand in Europe and Canada and to increase its sales force by 30% in the US.

"We are enthusiastic about expanding our global operations and believe that Oak`s continued commitment in our company is indicative of our success and accelerated growth over the last year," said Dan Vetras, Talisma CEO. "We grew by 40% last year and expect this additional funding to help us repeat or exceed that performance this year."

Oak Investment Partners is a growth-oriented private equity firm with $4.2 billion in committed capital.

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