Wednesday, January 17, 2007

Norwest Makes Investment In Adventity

Palo Alto-based Norwest Venture Partners is looking to India with its latest investment, in Mumbai, India-based Adventity. Norwest has invested $20M in Adventity, a provider of business process outsourcing services. Promod Haque of NVP will join Adventity's board of directors as part of the deal. Adventity provides financial research and analytics services for the financial services market, mortgage origination and processing, and revenue accounting for the airline industry, along with debit and credit card transaction processing. More information »