December 23, 2005
Olympia, Washington & Bangalore, India – December 23, 2005
Aurigo Software Technologies Inc., a leading provider of innovative technology products and solutions to the transportation and heavy construction industries today announced the completion of the second leg of its Series A round of funding from Ravi Gulati a private investor and technology industry veteran. Concurrent with the funding, Ravi will join Aurigo’s Board of Directors alongside Series A first leg investors Sunil Nanda and Sridhar Manthani.
Balaji Sreenivasan, Aurigo’s Chief Executive Officer, said “Proceeds from the latest funding round will allow the company to double the size of its work force to approximately 50 employees by the end of the year. The proceeds will be used to increase research and development spend, recruit more strategic partners, and significantly step up marketing and sales efforts. This is an exciting phase for the company and we have been fortunate in being able to attract a person of Ravi’s caliber onto our board. Ravi brings a wide range of skills to the table, which will continue to facilitate Aurigo’s growth and further round out its management team.”
About Ravi Gulati
Ravi is a technology industry veteran with extensive senior management experience in successful companies like Honeywell International, Nortel Networks, Lucent and Siemens to name a few.
Ravi founded StonyBrook software and grew it to be a successful company that was acquired by Ascend Communications in 1996. As part of this, Ravi took over as General Manger of its network software operations business. Ascend was subsequently acquired by Lucent in 1999. Ravi served as President of Lucent’s Network Software operations and helped completely set up Lucent’s operations in India.
Ravi brings to the table his exemplary experience in all facets of running a business, combined with tremendous strengths in marketing, finance, operations and corporate strategy.
About Aurigo Software Technologies
Aurigo Software Technologies Inc. delivers software products and solutions for automating critical processes in the infrastructure management lifecycle including estimating, managing and inspecting large construction projects including highways, ports, bridges and SEZs (Special Economic Zones).
Aurigo’s success has been a direct result of its strong technology, complimented by Aurigo’s knowledge of the construction industry and its specific business logic. Aurigo’s Products and solutions include its flagship suite AMP3, Microsoft Dynamics AX and customization services around these products and platforms.
Aurigo is a privately held company with offices in New York and Bangalore, India.