NVP invests 20 million Dollars in Adventity

Bangalore, Jan 17 (UNI) Adventity, a market leader in providing finance-focused and highly differentiated, strategic Knowledge Process Outsourcing (KPO) and Business Process Outsourcing (BPO) services, today announced that it has secured US Dollars 20 million from an investment group led by Norwest Venture Partners (NVP), a global technology venture capital firm.

Adventity would use this funding to expand its market presence and infrastructure, further build out its innovative service offerings and increase business development efforts, the company said in a release here.

As part of the investment, NVP Managing Partner Promod Haque would join Adventity's Board of Directors. This NVP-led investment represented the first institutional round of funding for Adventity.

Adventity's offerings included leading high-value financial research and analytics services to the global investment banking, research and asset management markets, an end-to-end, India-based offshore mortgage origination and processing service for the US market, a technology-independent outsourced revenue accounting service to the international airline industry and the most comprehensive, turn-key credit, debit and loyalty cards program management and transaction processing 'service bureau' service for the Asian market.

UNI