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July 28, 2008 ( PowerHomeBiz
) - Bangalore
-- Idenizen Smartware Pvt ltd, established technology solutions provider for
the education vertical with its flagship product suite SmartCampus™, has
received venture capital funding to the tune of US$ 2.25 million (Rs 9.0
Crore) from NEA-IndoUS Ventures, towards fuelling its pan India growth
plans.
(news continued below)
Announcing the closure of venture funding, Founder and CEO, Girish Baliga,
said the funds would enable SmartCampus™, the comprehensive smart
card-enabled software solution, to reach and service educational campuses
and institutions nationwide. It would boost Idenizen’s countrywide expansion
plans for setting up new branch offices and servicing centers as well as
strengthen their market-leading product offerings.
SmartCampus™ integrates all key activities of an institute on to a
single, integrated software-enabled platform - from administration to
student and faculty activities inclusive of registration, course
administration, attendance, library automation, examinations etc. The
solution addresses all major stakeholder needs including those of Students,
Staff, Parents, Institution and the Management. “This investment would help
Idenizen, in its own small way, to play a critical role in taking India’s
educational standards to international levels,” Baliga added.
Dr Kumar Shiralagi, Managing Director, NEA-IndoUS Ventures, highlighted
Idenizen’s fast track growth and the rich depth and breadth of its product
suite and said, “SmartCampus™ is an innovative product tailor-made for
efficient campus management. It has enhanced the capabilities and
productivity of many colleges and helped them move to an advanced stage of
automation. It needs to be taken across the country to each and every campus
so that all students and faculty alike can benefit immensely from the
convenience and control of activities this solution offers.
“Today all the forward thinking education institutions are willing to
invest in technology to deliver to their end-customers: the students,
faculty and the administration. Idenizen is building on this momentum and is
easily set to achieve its goals for the future,” Baliga added whiling
pointing out that the venture funding comes at a time when Idenizen has
already made its mark across numerous institutions (“SmartCampuses”) by
offering a wide range of solutions through SmartCampus™, that has rich
product development experience behind the solution.
The company has charted plans to expand aggressively across the country,
by setting up new offices, increasing sales and operations depth and forging
strategic partnerships to successfully cater to the large market
opportunity. The company also plans to improve upon their current product
offerings and is designing the next-generation SmartCampus™ experience.
About IDenizen and SmartCampus™
Idenizen Smartware Pvt ltd is a four-year technology solutions provider
for the education vertical that has specialized in creating and marketing a
smart card-enabled software package for the education vertical. The
SmartCampus™ product is ideally suited for educational institution and
campus management. The product offers an increasingly relevant value
proposition to all key stakeholders in the educational institutions and has
a seamless, attractive, integrated business model that makes for ease of
adoption. Today it is a leader in the sector with nearly 100 installations
that directly benefits tens of thousands of students, teaching and
non-teaching staff, the management of the institutes and the students’
parents.
SmartCampus™ has been introduced in a number of colleges with visible
improvements in productivity and efficiency of operations. Rich domain
understanding and working closely with customers over the years has resulted
in the product addressing tedious, error-prone academic activities through
seamless automation. The functional areas automated by SmartCampus™ include
department administration, staff profile, staff and student attendance,
staff payroll, examinations, library management, accounting, student
information systems, hostel management etc.
About NEA-IndoUS Ventures
NEA-IndoUS Ventures is a venture capital firm based out of Bangalore,
India and Silicon Valley US. The firm is dedicated to creating technology
and technology enabled innovative companies out of India that serve both the
Indian and the global markets. The firm invests in early and mid-stage
companies. The firm’s partners have the unique experience and expertise to
nurture entrepreneurs and actively help the development and scaling of
promising companies. In addition, a significant partner in this fund is New
Enterprise Associates (NEA) who is a sponsor and active advisor. This
network of collective relationships and experience is an invaluable asset to
entrepreneurs and portfolio companies. For additional information, visit
www.neaiuv.com
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