Serus Corporation Secures $5.3 Million in Series B Funding from Diamondhead Ventures and Prominent Technology Visionaries.MOUNTAIN VIEW, Calif. -- Market Hot For Up-and-Coming "Operations Management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. " Company with "Must Have" Technology, Fortune 500 Customers, and Experienced Board of Directors Serus Corporation - an enterprise software solution provider that helps companies manage their outsourced manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. - today announced the completion of a $5.3 million round of Series B financing and the addition of prominent technology visionaries Visionaries may refer to:
The round was co-led by Raman Khanna, managing director for Diamondhead Ventures, and private venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. Dr. Prabhu Goel, chairman for iPolicy Networks, and Naren Gupta, vice-chairman for Wind River Systems. Also participating in the round were Kelly Porter, managing partner for ZAP Ventures and all of the investors that participated in the company's Series A funding round. The company expanded its board of directors to include Dr. Prabhu Goel and Raman Khanna. They will join Ruby ruby, precious stone, the transparent red variety of corundum, found chiefly in Myanmar, Thailand, and Sri Lanka and classified among the most valuable of gems. The Myanmarese stones are blood red, the most valued tint being the "pigeon's blood. Sahiwal, chief executive officer for Simpacta, Inc. and founder and chairman for Accelcia Business Services; technology consultant and long-time alumni of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Oracle Jnan Dash; and Indu Navar, co-founder and chief executive officer for Serus. Dr. Goel was elected chairman of the board. As founder and 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. for Gateway Design Automation, he led the team that invented Verilog, the industry standard semiconductor simulation software Simulation software is based on the process of imitating a real phenomenon with a set of mathematical formulas. It is, essentially, a program that allows the user to observe an operation through simulation without actually running the program. package. In recent years, he has dedicated much of his time to helping privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. to flourish. The first company to provide a customizable software system that integrates business processes and rule drivers among manufacturing partners, Serus Corporation was founded in 2001 by Indu Navar and Barbara Hoefle. They bootstrapped the company, growing it from a customer-funded operation to a successful company with accelerating revenues and tier-one customers. This influx of funding will be allocated towards sales and market development. "This solution is so essential to the outsourced manufacturing environment that it is going to be on every manufacturing and financial executive's 'must-have' list," said Dr. Goel. "Unlike the various point solutions, Serus provides visibility and transactional capabilities across a company's entire supply and demand chain - which in turn provides management with real-time decision support information about their operation. Industry leading companies have been successfully using the solution for years - and now it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a to expand market presence." An experienced executive with more than 24 years enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. and Internet infrastructure, Diamondhead Ventures' co-founder Raman Khanna understands what it takes to build a company. "In addition to differentiated technology and big market opportunity, a company's success stems from the strength, determination, and expertise of its founders," he said. "Indu and Barbara understood from day one that building a strong, customer-focused team - and giving them the tools they need to succeed - would give the company an edge in the market. Not only have they brought together a talented group of executives and individual contributors, but they have also empowered them. The results are internal alignment, superb customer satisfaction and an excellent product." In addition to co-founding Diamondhead Ventures and being actively involved in the growth of its portfolio companies, Khanna formerly led Stanford's 450-member team as their chief information officer. A charter member of The Indus Entrepreneurs (TiE), the world's largest organization for entrepreneurs, and a member of the Working Council for CIO's, Khanna is well-known for recognizing and mentoring Silicon Valley's most successful entrepreneurs. Chief executive officer Indu Navar noted that choosing the right board members to support Serus was an important step in the ongoing growth and development of the company. "Access to individuals with proven track records is important for any company. Raman and Prahbu understand how to build high-technology companies. They have expertise in building organizations and products. And they have the ability to expand the reach of this company through their extensive networks," Navar said. "Obviously, this influx of additional capital is critical to the growth of Serus at this time - particularly as we expand into existing and new markets and add new capabilities to our solution. But the infusion of intellectual capital is even more important to us, particularly as the company crosses the line from a start-up to a mature organization." About Diamondhead Ventures Diamondhead Ventures is a $140 million early-stage venture capital fund specializing in bringing to market communications and computing computing - computer infrastructure technologies spinning out of leading research universities and corporations. Diamondhead Ventures' investment team averages nearly 30 years' experience building and investing in successful companies. Diamondhead ventures' world-class advisory board and corporate partners (including Sun, Oracle and Fujitsu) provide the resources and strategic partnerships entrepreneurs need to succeed. For more information, visit www.dhven.com. About Serus A leader in intelligent, collaborative value-chain solutions, Serus' enterprise solution consists of configurable software that enables companies to integrate business processes and rule drivers among trading partners to achieve common production goals. Serus' real-time technology provides instantaneous in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. transactions, co-managed inventory, and performance measurements throughout the value chain. For more information, go to www.serus.com. Serus is a trademark of Serus Corporation. All others are trademarks or registered trademarks of their respective companies. |
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