Norwest Venture Parnters has announced an investment of $4.2 million in Appnomic, Bangalore based Infrastructure Management services startup.
Appnomic’s patent-pending application management services platform provides mid to large size
corporations with end-to-end analysis of the application load, response and infrastructure behavior in
production and pre-production environments.
The market opportunity for IMS in India is predicted to be as large as the application development and maintenance (ADM) sector, and it is regarded as the ‘third wave of outsourcing’ (after ADM and BPO/KPO)
The company plans to use these funds to strengthen its existing market presence, expand into the U.S. market and further build out its product and service offerings.
Other NVP’s investments in India are Yatra, Mobile2Win, Persistent systems and Sulekha.