CSS, offshore technical support provider, raises $25M
CSS, a San Jose, Calif. company that provides offshore technical support to businesses, has raised $25 million in a second round of funding.
Goldman Sachs led the round in the company, also known as Cybernet–SlashSupport, which says it grew revenue by 70 percent last year.
From the statement:
The funds will 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 further the company’s mission of helping its customers drive technology adoption.
CSS employs close to 5,000 professionals and has offices in the US, Europe and Asia, including offshore delivery centers in Chennai and Coimbatore, India. Its portfolio of technology operations management and testing/QA services already has an impressive roster of clients, including Nortel, Blackboard Inc., NTT and Alcatel-Lucent. In January, the company announced it was awarded a multi-year contract to support products across Nortel’s enterprise voice and data portfolios.
The nine-year-old company previously raised $22 million from SAIF Partners, some of which was used to buy out previous investors Deutsche Bank AG and Barings Equity Partners, according to a separate report in VentureWire.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
