Bangalore: WestBridge Capital Partners announced on April 8 that along with Sigma Partners ,it has co-led an investment of US $7.5 million in Santa Clara based Emagia Corporation, a leading enterprise cash flow management solutions company. br>
Sumir Chadha, Senior Managing Director, WestBridge Capital Partners and Mark Pine, Managing Director, Sigma Partners, will join the board of Emagia. Shailesh Mehta, former CEO of Providian will also join the board along with Peggy Taylor, Head of PeopleSoft Investments. br>
Emagia delivers Enterprise Cash Flow Management Solutions that help manage cash inflow and outflow performance efficiently, to optimize working capital. br>
Sigma Partners, with more than $1 billion under management, has previously invested in companies such as Cascade, Vignette and Storage Networks. WestBridge Capital’s portfolio includes industry leaders such as Celetron, Zenasis Technologies and July Systems, among many others. br>