East-West Digital News 21 Feb 2012
The invest abroad trend among Russian financial institutions was demonstrated again yesterday by a $7.5 million capital injection in Eccentex, a California-based cloud computing solutions provider for dynamic case management.
The round of financing was led by VTB Capital, the investment arm of VTB Group, a leading Russian state-controlled financial group. Neither the terms of the deal nor identity of the other investors were disclosed.