California Software Co Ltd (Calsoft) has announced that its US subsidiary, American HealthNet Inc (AHN), had secured an additional equity funding of $1 million (about Rs 4.6 crore) from Andorra Ventures Corporation (AVC), a venture capital firm, to meet its expansion needs. | |
| AVC, an angel investment and venture capital company headquartered in Hong Kong, will hold approximately 18 per cent of the expanded capital of AHN. |
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| According to a company statement, Calsoft group's stake in AHN now has increased to 52.81 per cent through stock buyouts from existing shareholders. Calsoft acquired a majority stake of 51 per cent in AHN in February 2005 through its wholly-owned US subsidiary CSWL Inc. |
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| AHN is a healthcare software product company and provides integrated enterprise software applications to community healthcare organisations. It is a leading player in the US community healthcare software market. |
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