Vivtera, a business process management company, has launched its services alongside its partnership with private equity firm Warburg Pincus.
The company focuses on partnering with financial services, insurance and technology companies to support them in the marketplace. It will use its understanding of client business challenges, data insights, customer centric design and digital technologies to help create transformation services. Areas of interest include North America, Europe, Japan, and Australia.
Vivtera will look to acquire standalone BPM assets or partner with captives, and then continue to invest in the services to drive growth. Businesses with enterprise values of $300m to $1bn will be the main targets for the company.
Partnering with Warburg was completed to leverage their experience and network in TMT and financial services.
In a statement Vivtera co-founders Harpreet Duggal and Gaurav Sethi said, “Globally, financial services and fast-growth technology verticals are ripe for disruption. We want to be known for Reliability of Results (RoR) and preferred partners for driving transformation.
“We will target our investments in building sharply focused solutions leveraging latest digital technologies and creating a strong eco-system of partnerships with digital and analytics companies.”
Warburg Pincus has taken a keen interest in the FinTech sector this year, having already completed five investments. Last week, the firm was reportedly among the investors to participate in Ant Financial’s colossal $10bn funding round which valued it at $150bn.
Other deals this year include leading investments behaviour analysis and solution platform Sensors Data’s $44m round, hospitality revenue management company Duetto’s $80m Series D and mobile banking solution Varo Money’s $45m Series B.
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