Date:30/05/2006 URL: http://www.thehindu.com/2006/05/30/stories/2006053010951700.htm

Business - Briefly

Nimaya gets funds from Updata Partners

HYDERABAD: Nimaya Inc., a provider of revenue maximisation applications, on Monday announced the completion of a $3 million Series A round of financing by Updata Partners. The company will use the funding to expand its application suite that enables telecommunications, financial services, hospitality and technology organisations to better serve customers by leveraging customer-facing data assets and the systems that maintain them. Commensurate with the funding, Andrew Nash, former COO of Broad Vision, will become chairman of the board of directors. Also joining the board are Tim Meyers and Carter Griffin of Updata Partners.