has been recapitalized by
Enherent Corp. was a publicly held, information technology solutions integrator. The Company extended the value of substantial investments made in legacy applications, supported customer migration plans to next-generation eBusiness platforms, and provided staffing and facility options to address customer IT professional services needs.
The Company was seeking capital to fund operations and growth.
With Carter Morse & Mathias as the company’s exclusive financial advisor, Enherent raised $7.5 million in a private placement of Senior Participating Convertible Preferred Stock and 4 million Warrants from Tudor Investments Corporation, The Travelers Indemnity Company and EFG Eurofinancial Investment Company.
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