Friday, February 17, 2012 05:41 PM IST (12:11 PM GMT)
GlobalOutlook Secures New Commitments from Naya Ventures to Fuel its Global Expansion
Plans to expand Secure Cloud based Business Email and Unified Communication Services to international markets by 2012-2013
Hyderabad, Andhra Pradesh, India, Friday, February 17, 2012 — (Business Wire India)
GlobalOutlook, the No. 1Secure cloud-based Business Communication Service provider today announced that they have received a commitment for infusion of funds from Naya Ventures. The new funds will be used to accelerate their expansion plans in global markets.
“In the last 18 months, Global Outlook has grown its user base by over 400%, and doubled the size of its employees which is outstanding. After observing the continuity of this rapid growth, Naya Ventures has decided to invest in Global Outlook. GlobalOutlook fits into our core investment thesis of investing in ‘cloud based mobile and social media strategies. We look forward to leveraging our relationships in the global markets to help GlobalOutlook expand aggressively outside India, particularly in the US.” said Mr. Dayakar Puskoor, General Partner and Managing Director, Naya Ventures.
This fresh capital infusion will help GlobalOutlook in its expansion of services to the Middle East, Sri Lanka, UK and US markets, as well as to establish local cloud-based infrastructure capabilities in these markets. Global Outlook is also pursuing the recruitment of senior executive leadership in the US market who will drive strategic alliances and market positioning to establish GlobalOutlook as a premier provider of secure cloud-based services in global markets.
GlobalOutlook has become a leading cloud-based email provider in India and has recently acquired global customers in the EMEA, US and UK markets. Global Outlook’s three business models that have driven this growth: its initial White Label partnerships, Direct Sales Channels and the newly launched self-service online portal. The Global Outlook team has upgraded its capabilities to include 24X7 Customer Support and a revamped product strategy roadmap due to the addition of new senior technology leadership and the expansion of its existing customer support teams. As part of its growth trajectory GlobalOutlook recently secured a deal from MacMillan Publishing Solutions Ltd (A MacMillan Company) for providing secure cloud-based Business Email services to 1,200users. GlobalOutlook is also the first company to launch Hosted Microsoft Exchange 2010 in India. To further enhance its security and spam protection program for its users, GlobalOutlook has also partnered with McAfee.
“Our goal is to become the Global leader and the most trusted provider of Secure Business Email and Unified Communication services. GlobalOutlook’s ability to raise capital in challenging market conditions and Naya Ventures’ decision to invest in us validates both our business model and the cloud-based services space. Naya’s financial commitment and strategic partnerships place us in a stronger position to achieve our goals” said Mr. Raghu Kumar, Chief Executive Officer, GlobalOutlook.
GlobalOutlook provides Hosted Microsoft Communication, SaaS Business Communication and Collaboration Solutions. Since its inception in 2007, the founding team of industry veterans and successful entrepreneurs has provided experience and expertise in the mobile, enterprise and consulting sectors to a range of corporate customers worldwide.
GlobalOutlook is a portfolio company of Naya Ventures, an early stage venture capital firm that invests in mobile and SaaS startups in the US and India. As a business communication services provider, the GlobalOutlook team is constantly working to provide its consumers the latest technologies in the hosted communication, collaboration and SaaS domain.
With offices in Dallas, Texas and Hyderabad, India, GlobalOutlook collaborates with both direct customers and partners such as TELCOs, ISPs, MSPs, and ISVs, web hosting companies, data centers and system integrators to define technology standards and to provide communication and collaboration services and tools to global enterprises.