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Warburg Pincus backing platform that works with financials, technology companies

With the backing of Warburg Pincus LLC, a group of business process management executives are launching a company that will work with financial services, insurance and technology companies.

Known as Vivtera, the new platform will first acquire stand-alone business process management assets or partner with captives, with a focus on global assets with an enterprise value in the range of $300 million to $1 billion, platform co-founder Mohit Thukral said in a statement. The other co-founders are Gaurav Sethi and Harpreet Duggal.

The company's key markets include North America, Europe, Japan and Australia.