Citibank Private Equity and GE Capital have taken a 33 per cent stake in EzeeNet, a Mumbai-based company which has developed a software product for online B2B companies. Mr Atish Dedhia, founder of Ezeenet told eFE that the two investors had pumped in a sum of $ 3 million and this comprised the company's first round of funding. Ezeenet was set up by Mr Dedhia, an IIT graduate who went on to qualify further at Cornell University. Mr Dedhia was also part of the team that developed the Intel Pentium 2 processor.He was joined by co promoter Mr Sanjay Gala and the business has been self funded this far. Ezeenet has basically developed a software which performs the function of content aggregation, content extraction and content rationalisation according to Mr Dedhia. "Several B2B exchanges which have multiple buyers and sellers often have participants whose information is typically spread across various Websites and other systems, what the software does is primarily integrate and aggregate this information".
The company's client list includes leading overseas recruitment sites like Monster.com, CareerMosaic.com and CareerPath.com. "As many as seven of the top 10 American recruitment sites have bought our product - EzeePost which is the brand name of the product for the recruitment sector" explains Dedhia. He adds that the company plans to customise the product for the autoparts, chemical, pharma and telecom sectors. The brand names for the product for each sector of these sectors will be different says Dedhia.
EzeeNet has a sales and marketing office in Silicon Valley which is managed by Sanjay Gala.
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