Indium Software gets $1 mn funding from IRIS Capital

Indium Software, a provider of software test automation and quality engineering solutions, has announced that it has secured around $1 million (Rs 4.45 crore) funding from IRIS Capital Ventures for its technology and market expansion programme.

Raghunandan, chief executive officer, Indium Software, said that Indium is ensuring repetitive and repeatable quality for areas as diverse as enterprise applications to high-tech like wireless, network and voice over internet protocol.

Ajit Isaac, director, IRIS Capital, said with the investment in a company, it is now well-poised to take advantage of the new opportunities in software test automation space.

Indium will use the new capital to establish two centres of excellence "" wireless or network datcomm and enterprise application "" in Chennai, which has a huge potential in terms of improved infrastructure.

These centres are aimed at strategically moving customers to an offsite or off-shore quality model. The centres will aim to become world-class independent pre-certification bodies in the chosen technology areas.