Sole Advisor to Merit Trac in Transaction With HSBC.

MeritTrac, India’s Largest Skills Assessment & Recruitment Process Outsourcing Company was founded in August 2000 with an objective to Evaluate Abilities, Skills & Knowledge for specific roles in an organization through the use of scientifically designed assessment tools. MeritTrac with its vertices of expertise spanning “Science of Testing, Content Management and Test Delivery” has assessed around 700,000 candidates for over 100 marquee clients like Accenture, Adobe, Allianz Cornhill, Computer Associates, Cognizant, Dell, Flextronics, Google, HCL Technologies, HP, HSBC Software, HTMT, IBM, ICICI Onesource, Microsoft, Misys, Oracle, SAP, TESCO, Tavant, Verizon, to name a few.

The HSBC Asian Ventures Fund 2 Limited (HAV2) is the second Asian technology-oriented fund advised by HPEA. HAV2 was formed to achieve long-term capital appreciation by making investments in small to mid-size technology companies with significant interests in the Asian region. HAV2 targets opportunities for investment in areas including semiconductor products and services, software applications, information technology products and services and Internet-related applications and services.

HAV2 had its initial closing in March 2005 at its target size of US$80 million with funding provided by the HSBC Group and other global institutional and private investors.