Wednesday, June 13, 2007

NEA Funds Indian Mortgage Outsourcer

Menlo Park-based New Enterprise Associates announced this morning that it has invested $20M in an Indian provider of outsourcing for the U.S. mortgage industry. The firm, ISGN Technologies Ltd., provides loan origination and financing services through its Indian and US operations. NEA said that the financing will go towarsd global delivery infrastrucutre, expanded sales and marketing, and also follows several strategic acquisitions by the firm. More information »