CIGNEX Raises Expansion Capital.Leading Open Source ECM (1) (Enterprise Change Management) See version control and configuration management. (2) (Error Correcting Mode) A Group 3 fax capability that can test for errors within a row of pixels and request retransmission. SI to Increase Investments in Sales and Marketing SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- CIGNEX Technologies, a leading provider of Open Source Enterprise Content Management (ECM) Solutions, today announced that it has closed a round of funding with Apar Investments Inc., and Basil International Investments Ltd., both based in British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. , and Honorex Investments Holdings Ltd. based in Mauritius. CIGNEX will use the proceeds to fund continued growth into the Open Source ECM market, including expansion of services, sales and marketing activities. CIGNEX, headquartered in Santa Clara with additional offices in India, has emerged as a leader in the rapidly growing open source ECM space. With over 60 successful customer engagements and a broad solution portfolio, the company is poised to expand both the breadth and depth of services available to businesses and government agencies. "Having grown the company organically and profitably, with no outside funding, to the place we are today is extremely gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. ," said Navin Nagiah, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CIGNEX. "WeeIUre now at a point where, with additional capital, we can build on the reputation and momentum weeIUve generated and move the company to the next level." "CIGNEXeIUs combination of technical knowledge and integration expertise puts them in an excellent position to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the emerging open source application market," said Kushal Desai, Director, Apar Investments Inc. "Their track record of successful customer engagements and industry thought leadership speaks for itself, and weeIUre very pleased to participate in their continued growth and success." "From operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. 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," said Rajeev Srivastava, Director, Basil International Investments Ltd. "With our investment, we intend to help CIGNEX extend their solution set and market leadership position." About CIGNEX Technologies CIGNEX is the leading provider of open source Enterprise Content Management solutions for businesses and government agencies. Using industry-standard platforms, CIGNEX develops applications that are less expensive, more extensible, and easier to support than the alternatives offered by proprietary vendors. By combining a range of consulting, development, training, support and ongoing maintenance services, CIGNEX offers multiple solutions that can be rapidly optimized for each customereIUs requirements. CIGNEX customers include Advantest America, Eli Lilly Eli Lilly can refer to:
Area, 52,586 sq mi (136,198 sq km). Pop. and.University of Texas. CIGNEX was founded in 2000 and is headquartered in Santa Clara, CA. For additional information about CIGNEX please visit www.CIGNEX.com or call 408.327.9900. |
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