CSS funds round with Goldman Sachs

Chennai, Apr 16 (UNI) Cybernet-SlashSupport (CSS), a leading global provider of outsourced technology operations management services, has announced a funding round led by Goldman Sachs, totalling USD 25 million.

The funds would be used by CSS to make additional investments in its global delivery infrastructure, recruitment and training, to expand sales and marketing and to pursue strategic acquisitions that would further help the company's mission of serving its customers drive technology adoption, CSS CEO and Co-founder Shiva Ramani told newspersons here today.

"Goldman Sachs decision to invest in CSS is a testament to the capabilities of our people and the robustness of our global delivery methodology and reflects the potential for growth in the market segments we target," he added.

The total global remote infrastructure management market and operations management market had been estimated at USD 55 billion by the Indian software and IT services association NASSCOM, he pointed out, adding "research firm IDC has predicted that 85 per cent of IT infrastructure can be managed remotely, and Gartner Inc has called it the fastest growing segment of the IT services market.

UNI