Costa Mesa-based Secova Inc., a human resources and benefits outsourcing company, has landed $8 million in funding.
The company, which recently combined with Costa Mesa-based UltraLink Inc., plans to use the money to build its sales and marketing.
Baring Private Equity Partners in India made the investment.
Secova seeks “best shore” services, picking between sites in India and the U.S., said Venkat Tadanki, cofounder and chief executive of Secova.
Secova said it recently won a contract with a Fortune 500 client, which it didn’t disclose.
The company has about 180 employees after combining with UltraLink.
Before Secova, Tadanki cofounded Daksh eServices, a process outsourcing company that was sold to IBM Corp. in 2004 for around $150 million, according to BusinessWeek. It had about 6,500 employees, mostly in Asia.
