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News & Updates - Wednesday, January 17, 2007

India's iBank Research Outsourcer Adventity Raises $20M

adventity logo.jpg
Indian start-ups keep finding novel ways for US corporations to outsource and Adventity certainly is taking on a trade group in the US that counted itself secure. Stateside, investment bank analysts can rely on fat salaries, even for analysts coming straight out of business school. Adventity says they can do the same work for much less.

Other services provided by Adventity include:
* Offshore mortgage origination and processing service for the U.S. market;
* Outsourced revenue accounting service to the international airline industry;
* Credit, debit and loyalty cards program management and transaction processing service bureau service for the Asian market.

Adventity has an impressive 2,000 employees and a management team with plenty of experience working for Wall Street firms

Read - Norwest Venture Partners Leads $20 Million Investment in Rising KPO Star Adventity (Press release)

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