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Follow UsNEW DELHI: ChrysCapital is investing $ 8 million in Global Vantage, an
outsourcing company focused on receivables management like customer support
service, billing and businesses processes, in which ChrysCapital would have a 70
per cent share. The company will begin its back-end operations from Gurgoan and
will provide outsourcing solutions to clients in the US.
In another strategic move the company has also tied up with US based
Outsourcing Solutions Inc. (OSI), in which the latter also invested $ 8 million,
constituting a 10 per cent share. OSI will partner on marketing efforts and will
generate business for Global Vantedge from the US. It will also transfer
business and employees to Global Vantedge. "We are setting up state of the
art technology and systems with built-in redundancies to ensure our services are
scalable and secure", said Dennis Sholl, CEO, Global Vantedge.
It is OSI's first venture outside the US besides Mexico and Canada.
"India has a lot of opportunity for growth with its large skill base.
Global Vantedge's work methodology will definitely ensure best services and
returns on our investment", said Bryan Faliero, Executive VP, OSI Inc.
"There is tremendous growth in outsourcing in the receivables management
segment as it offers customer cost efficiency while enabling companies to focus
on their core competency. And specialization is where the competitive advantage
is in", said ChrysCapital MD, Brahmal Vasudevan. "Global Vantedge will
specialize in the receivables management at all levels from collection's to
customized services."
ChrysCapital is one of the largest technology-focused funds and its
institutional investors include Harvard Management, HSBC Holdings, IBM and
Microsoft among others. It is only focused on software services, outsourcing
services and technology and has offices in Mauritius, India, Singapore and the
US.