The next high-tech hotbed?
Source: CNet News
Investment options in the high-tech area these days are few and far between. One exception, though, is the field of cross-border business process outsourcing, or BPO as it has come to be known.
Last year, Warburg Pincus, a global private equity fund that has $10 billion under management, acquired the majority equity stake in London-based World Network Services, which was earlier a subsidiary of British Airways. WNS, which has more than 1,500 employees collectively in London, Mumbai and Pune, India, is one of India's largest BPO providers.
What opportunities do private equity firms such as Warburg Pincus see in the BPO business? What risks do venture capitalists weigh when making such investments? Knowledge@Wharton interviewed Mimi Wolfe Strouse, managing director of Warburg Pincus. Wolfe Strouse, based in New York, was a principal at General Atlantic Partners before she joined Warburg Pincus. Wolfe Strouse serves on WNS' board of directors.
