[Courtesy: The Wall Street Journal article on 30th July, 2010]
It is a proud moment for all BITSians - Envestnet, the company that Viggy Mokkarala ('76 Electrical Engg ) works for as its Executive Vice President, went public (NYSE:ENV) at 9:30 EDT. 10 years ago Viggy and his partners founded a small firm in Silicon Valley, called MyMoneyPro, which they renamed to Oberon Financial Technology and merged with Envestnet in late 2004. Based in Chicago, Envestnet provides online investment tools ranging from asset allocation modeling to access to investment managers to independent financial advisers.
[Trustee BITSAA International Viggy Mokkarala ('76) is second from left. Acknowledgements to Source]
In an email to his batch mates, Viggy said "It has been quite a ride to take an idea, build a firm, make it profitable and go public. It has turned out to be better than in my wildest dreams!"Being there, at the heart of capitalism, as an invited guest of the NYSE, was awesome and overwhelming."
Fellow Trustee and Chairman-Elect at BITSAA International, Raju Reddy ('76) sums it up, "You make us all so proud. I am sure your success will inspire other BITSians for years to come. It is wonderful to see all your hard work come to fruition and cap it off with a picture in WSJ. Credit should also go to Manjula and rest of your family for putting up with you and your crazy hours all these years". BITSAA joins Viggy in celebrating this momentous occasion.
Viggy, Good to see you in the WSJ and also at the event of listing of an entity you had helped found. This goes to show that no corporate role can replace and match entrepreneurship , and the excitement of the same. Congratulations and best wishes to you Manjula and kids.