| SumTotal readies war chest for buyouts |
| BS Reporter / Hyderabad October 11, 2007 |
| California-based SumTotal Systems Inc, a provider of learning and business performance technologies with its R&D centre in Hyderabad, has readied a war chest to fund acquisitions. SumTotal had, in April this year, raised funds aggregating $35 million (around Rs 143 crore) through sale of common stock. The capital will strengthen the company's balance sheet and allow it to grow within its core learning and performance management business, Donald E Fowler, chief executive officer, said here on Thursday. |
