General Atlantic Partners, LLC (GAP) has invested $20 million into Delirium Corporation, a Pan-Asian e-business solutions provider. Delirium will be using the funds to expand into China, Korea and Japan and to consolidate its market position in Hong Kong, Taiwan and the United States.
Delirium was unable to reveal the equity stake GAP has taken in the e-business consulting, company, but has said that John Wong, partner at GAP, will be joining the Delirium board of directors as Vice-Chairman. The other Delirium board member from GAP is yet to be decided.
"Having significant experience investing in the information technology services space, we recognized Delirium's tremendous growth potential in the world's fastest growing internet market," says Wong.
Delirium Corporation was founded in 1998 and provides Fortune 2000 companies as well as dotcom startups with end-to-end services such as application development, creative design, business strategy consulting and online marketing. The company looks to open an office in Shanghai within the next two months, and take on joint venture partners or take over technology and e-business consulting companies in Japan as part of its aggressive expansion plan.
GAP has, to date, invested in over eighty information-technology, internet and internet-enabled businesses global and at all stages of development. The firm's $20 million equity stake in Delirium comes from a $4 billion pool of capital available for investment. GAP also has more than $10 billion in capital under management. The firm was the founding investor in i-DNS.net International and i-Email.net in Asia.