Warburg Pincus and Vivtera announce investment in Arise Virtual Solutions
The investment will allow Arise to leverage Vivtera’s expertise in scaling up BPM companies, enhancing the differentiation and delivering superior business outcomes to its Clients using digital technologies.
Dec 11, 2019, 06.29 PM IST
Mumbai: An affiliate of Warburg Pincus, a global private equity firm, and Vivtera, a global business process management and transformation partner, have announced the acquisition of Arise Virtual Solutions -- a provider of business process services from the previous investor, Strait Lane Capital Partners.
The investment will allow Arise to leverage Vivtera’s expertise in scaling up BPM companies, enhancing differentiation, delivering superior business outcomes to its Clients using digital technologies, and expanding its unique gig platform to cover new service lines and geographies.
Financial terms of the transaction were not disclosed.
Scott Etheridge, CEO of Arise, said, in a statement, “This partnership with Warburg Pincus and Vivtera provides Arise with an exciting opportunity to access world-class resources that will accelerate the rate at which we deliver leading digital and human experiences for our customers and Service Partners who leverage the Arise Platform.”
“We are very excited about Arise’s differentiated capabilities and deep relationships built over years of servicing Fortune 1000 Clients. We will be supporting Scott and his team to scale the business into a global, best-in-class platform," said Mohit Thukral, Cofounder and CEO, Vivtera.
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