EETimes: Verismo Networks Inc., headquartered in Santa Clara, California, a company working in the space of networking and media technologies, has raised $2.5 million from angel investor and serial entrepreneur Prakash Bhalerao. Bhalerao has also taken over as the company’s chairman and chief executive officer. The company also announced the formal opening of its Indian product development subsidiary in Bangalore, Verismo Networks Pvt. Ltd.
With 80 staff, this center is set to work on the integration of networking and media technologies. -