iLabs Private equity fund, a $300 million India-centric fund promoted by former COO of Satyam Computer Systems Srini Raju, has invested Rs 42 crore (over $10 million) in VSoft Corp.
VSoft is a global information technology and solutions provider of cheque imaging and data management software. Founded by former consultants with Unisys, VSoft has expertise in the financial services industry and has a reputation for providing cost-effective, functional technology and services. VSoft started operations in 1996, and is based in Atlanta, US. The offshore development center at Hyderabad was set up in 2004.
(Source: Business Standard)
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