INDIA BUSINESS WORLD - FEBRUARY 1^st - FEBRUARY 15^th - 2008

IDG VENTURES INDIA INVESTS $3 MILLION IN AUJAS NETWORKS

IDG Ventures India, a $150-million early-stage technology venture capital fund, has invested $3 million in Aujas Networks, a pure-play digital security services startup. Bangalore-based Aujas will address a global security services market currently over $17 billion in size and growing annually at over 17%. Initially started as part of IDG’s entrepreneur-in-residence programme, the founders include Srinivas Rao, Sameer Shelke and Manjula Sridhar. Aujas is offering high-end security services across a broad range of technologies including core wireless networks, VoIP and cyber forensics. The company will focus on sectors like telecom, BFSI and defence.