Date:30/06/2006 URL: http://www.thehindu.com/2006/06/30/stories/2006063001681606.htm

Business - Briefly

Sequoia Capital to invest $ 10m more in AppLabs

HYDERABAD: AppLabs Technologies, a leading software testing company, has received a commitment for an additional $10 million investment from Sequoia Capital India, one of the leading venture capital firms. Sequoia Capital had already invested $7 million in AppLabs and the new commitment takes the total investment to $17 million. According to AppLabs founder and CEO, Sashi Reddy, the company would continue to meet the needs of the clients that recognise the risk posed by software not adequately tested.