Talisma expects to be in the black by year end

By Nawaz Marican, Singapore.CNET.com, CNET.com
Thursday, March 01, 2001 04:43 PM
SINGAPORE--Customer Relationship Management (CRM) software firm Talisma Corporation expects to achieve profitability by year end, thanks largely to the launch of its latest suite of enterprise CRM applications, TALiSMA 4.0.

"We expect to be profitable in the fourth quarter of this year...with between 80 to 85 percent of revenue coming from our new product," said Talisma's director of professional services Bhaskar Bose at the product launch here today.

The software suite was first introduced in the US two days ago, and will be rolled out to the rest of Asia Pacific by March 7, said Bose.

In the last quarter ending December 2000, the Seattle, Washington-based company reported revenues of US$3.6 million worldwide compared with US$700,000 in the year ago period.

Its customers include Real Networks, Exodus, Lowe's Hardware, MSNBC, NetGrocer.com, Advertising.com and BlueNile.com. In Singapore, they are Webvisions Pte Ltd, IQmind Pte Ltd and iCall Pte Ltd, said Talisma regional sales manager for ASEAN Debapriya Dasgupta.

Talisma is a privately-held company with investments from Oak Investment Partners, Madrona Venture Group, The Carlyle Group, SeaPoint Ventures and Cedar Grove Investments.


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