PRZOOM - /newswire/ -
Alpharetta, GA, United States, 2013/12/16 - Silk Route Ventures Ltd and Cohesum, LLC announced the joining together of their companies, where Silk Route Ventures Ltd will own majority stake in Cohesum, LLC - Cohesum.com.
Silk Route Ventures Ltd headquartered in Singapore and Cohesum LLC completed the transaction where in Silk Route Ventures Ltd will combine its existing technology consulting and staffing businesses with Cohesum LLC and its fully owned India based deliver center. The combined businesses will operate under “Cohesum” brand name. The combined business will have an expanded global operational and technological footprint across US, India, Philippines, Singapore and Australia
This is a meaningful next step for the two businesses that share aggressive growth goals, values and a strong focus on relationships. Silk Route Ventures Managing Director, Mark Smith, will lead the combined entity “Cohesum”. “This transaction combines the service capabilities, technologies, geographic reach and best practices of two successful companies. We are excited about what we know we can accomplish together,” says Smith. Further, Smith notes,“Abhi, has created a powerful engine of growth, entrepreneurship and innovation in a short period of time, which when combined with scale, will make for a unique and very competitive consulting and staffing business model. Our customers, temporary associates and staff members will all benefit. He (Abhi) will continue to lead our US business and Sales”
“We’re very excited about the future. Cohesum had reached a stage where all that we accomplished in the last 12 months needed the right fuel of scale and resources to push it into the next trajectory of growth,“added Abhinandan Jain, Founder, Cohesum. “We have been working on the combined model for the last month and the integration has been seamless for our clients and employees”
Financial Details of the transaction were not announced.
About Cohesum, LLC
Cohesum, LLC (cohesum.com) is an IT consulting and staffing company helping companies drive value from their existing technology investments, leverage new technologies and gain access to the human capital to deliver and run them. Its Client ranges from Small mid-size companies to large global corporates. Its technology expertise is helping companies leverage Big Data, Mobile applications, streamlining Supply Chain and back office operations and move their ERP & Legacy systems to the cloud and leverage SaaS and PaaS based models. In addition Cohesum also has an incubator program for early stage startups. It is headquartered in Alpharetta, GA.
About Silk Route Ventures Ltd
Silk Route ventures Ltd is a Technology focused private equity fund that invests in technology related companies. It is one of the most notable companies in the recent few months as they have invested aggressively in south-east Asia based companies and continue to grow their portfolio. It invests in outstanding entrepreneurs pursuing high growth markets in enterprise software, Internet, mobile, digital media, CleanTech, networking and telecommunications. While it invests in all stages, it philosophy is to augment and leverage the management team across its portfolio companies.