"With this new round of funding, weâre well positioned to scale our sales, service, development, marketing and alliance programs,â said Tejpal Chadha, co-founder and CEO at VhaYu. âWe will be building on our recent success in adding major customer accounts and alliance partners.â
âVhaYuâs current success has come in a difficult financial IT environment, a testament to the technological quality and linear scalability of their SUReTick platform solution and seasoned leadership," said John Jarve, managing director at Menlo Ventures. "This funding will help the VhaYu management team pursue the many opportunities for their technology in the financial services sector."
VhaYu also announced that it has appointed Mr. Jarve and Arvind Purushotham from Menlo Ventures to its Board of Directors.
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