Business Description
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.
Background
The Company was seeking capital to fund operations and growth.
Solution
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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