Moneta Ventures Invests in Ameritas Technologies, Lokesh Sikaria to Play Advisory Role and Join Board of Directors

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Ameritas Technologies is pleased to announce that Sacramento based venture capital firm Moneta Ventures has invested in the Baton Rouge based consulting firm. Lokesh Sikaria, managing partner of Moneta, joins Ameritas board.

"We are thrilled to have Moneta Ventures as an investor in Ameritas Technologies", said Brian Keane, CEO of Ameritas Technologies

Ameritas Technologies, a pioneering firm in the domestic IT service industry, is pleased to announce that Sacramento based venture capital firm Moneta Ventures has invested in the Baton Rouge based consulting firm. In addition, Lokesh Sikaria, founder and Managing Partner of Moneta Ventures will join the board of directors and play a key advisory role to Ameritas Technologies as the firm scales up its operations and service offerings.

"We are thrilled to have Moneta Ventures as an investor in Ameritas Technologies and buy into our vision of delivering greater productivity, quality and innovation through domestic software development centers", said Brian Keane, CEO of Ameritas Technologies. "In addition, we welcome Lokesh Sikaria to our Board of Directors. His tremendous track record and experience in IT services will be invaluable to Ameritas Technologies."

“Considering I have known and worked with Lokesh for close to 20 years, it is very exciting to have his fund invest in the vision we are executing for Ameritas Technologies. His advice and input as we take Ameritas to the next level will be invaluable,” said Brent Kelton, President of Ameritas Technologies.

“Moneta’s intent is to invest 20-30% of its funds in services companies and Ameritas, with its strong management team and innovative approach to doing work domestically here in the US, is a great fit for that part of the portfolio,” said Lokesh Sikaria, Managing Partner of Moneta Ventures.

Ameritas Technologies focuses on four core industry markets that rely heavily on leading-edge technology for their competitive advantages and share characteristics such as the significant need to protect intellectual property, use of sensitive and/or regulated data, mission-critical applications and data-intensive processing that preclude offshore outsourcing. Ameritas follows a unique business model that applies best practices and lessons learned from offshore outsourcing to local delivery from US-based development centers. This approach enables Ameritas’ clients to gain the cost, discipline and efficiency benefits of outsourced development, testing and support for projects that are not suited for offshore delivery. Ameritas offers a comprehensive set of services for the development, deployment, enhancement, maintenance, QA/testing and production monitoring of business applications and their supporting infrastructures.

About Ameritas Technologies
Ameritas Technologies delivers high-performance, domestic consulting services for mission-critical IT projects. Via an onshore development and delivery approach, clients benefit from improved quality, productivity, greater convenience and higher responsiveness to their dynamic business needs. The Ameritas model creates long-term career paths and economic opportunities for its employees that is strengthening surrounding regions, expanding the pool of local technical resources, and rebuilding U.S. IT capabilities. For more information, visit http://www.ameritastech.com.

About Moneta Ventures
Moneta Ventures enables entrepreneurs to grow their early stage companies by providing capital, guidance, and operational support. Moneta Ventures invests in early-mid stage companies in the software and cloud services (including gaming and mobile applications), IT services, internet and consumer services sectors. Moneta Ventures focuses on technology-differentiated companies with highly-scalable business models. For more information, visit http://www.monetaventures.com

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Brent Kelton
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