Software services co Collatree raises funding from Saudi Arabian investors

Collatree, a Kozhikode, Kerala-based IT Services startup, has raised funding from business leaders in Saudi Arabia. Collatree was formed recently by the merging of seven startups: Networth Software Solutions, Glaube Technologies, Growth Associates, Zinfog, Capio, Armino and Odox. Collatree has two offices in Saudi Arabia, one each in Jeddah and Riyadh. It plans to increase its presence in India, Australia, the United Arab Emirates, Bahrain, and other countries in West Asia.