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Saturday, June 30, 2007

Smart Online to Open Development Office in India

Smart Online, a provider of various applications to businesses through a software as a service model, is establishing a development office in India.

Anil Kamath, the company’s chief technology officer, will lead the operation.

Jose Collazo, a current Smart Online employee, will assume a new role as U.S. CTO.

"By having an integrated development team that has the ability to offer round-the-clock operations we believe will better serve all of our technology objectives including our partner’s vertical solutions, as well as add new features and functions," said Michael Nouri, Smart Online’s chief executive officer.

"This is one of many important steps we are taking to prepare for our planned growth,” he added. “We are dedicated to building an infrastructure that has a cost-effective development operation that can deliver cutting edge technological solutions available in the software-as-a-service market."

Earlier this week, Smart Online disclosed that it had won or renewed nine contracts in the first half of 2006 compared to one renewal signed in the same time frame in 2006.

Smart Online also raised $6 million in a private placement earlier this year.

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