eVapt Inc. Lands Additional Funding From Applied Reasoning, LLC
eVapt Inc. landed additional funding from Applied Reasoning, LLC. The funding is to be used for operations and to increase eVapt's momentum in the SaaS and Cloud application service market.
Austin, TX (PRWEB) December 2, 2008 -- eVapt Inc., a software infrastructure provider for Software as a Service (SaaS) and Cloud services, announced the closing of a new round of funding by Applied Reasoning, LLC. The terms of the financing were not disclosed. "Applied Reasoning, one of our seed round investors, is the perfect investor to help us sustain growth," said Divakar Jandhyala, CEO, eVapt Inc. "This funding will help us ride out the economic crisis and increase momentum in the market."
As a former senior Dell executive, Kinnaird adds high tech sales and marketing expertise to eVapt's management team. "The SaaS market is expected to grow faster during an economic downturn," said Kinnaird. "eVapt is well positioned to take advantage of market conditions and become a leader in enabling new online web based services."
eVapt's solution allows SaaS and cloud providers to make their on-demand solution available on a pay as you go model. SaaS providers can use eVapt's solution to create pricing packages and contracts, correlate customer usage and automate billing operations. "eVapt's solution lets SaaS and cloud service providers focus on their core competence and helps with revenue acceleration," said Jandhyala. "Strong integration capabilities let SaaS vendors incorporate eVapt's offering easily into their environment and workflow."
About eVapt Inc.:
eVapt Inc. is a software company which enables the pay as you use model for Software as a Service (SaaS) and Cloud providers. By using eVapt's solution, SaaS providers can accelerate revenue and improve operational efficiency. The solution allows providers to focus on their core strength, which is business service delivery. The company is based out of Austin, Texas and was formed by software industry veterans with a vision to enable a world in which enterprises, small business and individuals can simply buy business services on demand. For more information, visit www.evapt.com.
About Applied Reasoning, LLC:
Applied Reasoning, LLC is an Austin-based investment firm which provides value to its portfolio companies and investments through active participation in management.
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