acquisition Archives - Arise https://www.arise.com/tag/acquisition/ Omnichannel Contact Center Solutions Wed, 13 Dec 2023 21:08:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://www.arise.com/wp-content/uploads/2023/09/favicon.svg acquisition Archives - Arise https://www.arise.com/tag/acquisition/ 32 32 Arise Virtual Solutions announced the acquisition of Officium Labs, a cutting-edge platform for CX design, transformation, and BPO services https://www.arise.com/press-releases/arise-announces-acquisition-of-officium-labs/?utm_source=rss&utm_medium=rss&utm_campaign=arise-announces-acquisition-of-officium-labs https://www.arise.com/press-releases/arise-announces-acquisition-of-officium-labs/#respond Wed, 29 Nov 2023 19:03:06 +0000 https://newsite.arise.com/?p=4394 MIRAMAR, FL. November 29, 2021 Arise Virtual Solutions announced the acquisition of Officium Labs, a cutting-edge platform for CX design, transformation, and BPO services Arise Announces Acquisition of Officium Labs Miramar, FL, November 29, 2021 – Arise, the worldwide leader in Gig-CX and Leader in Everest Group’s 2021 PEAK Matrix® Assessment for Work at Home […]

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MIRAMAR, FL. November 29, 2021

Arise Virtual Solutions announced the acquisition of Officium Labs, a cutting-edge platform for CX design, transformation, and BPO services

Arise Announces Acquisition of Officium Labs

Miramar, FL, November 29, 2021 – Arise, the worldwide leader in Gig-CX and Leader in Everest Group’s 2021 PEAK Matrix® Assessment for Work at Home Agent CXM announced the acquisition of Officium Labs, a cutting-edge platform for CX design, transformation, and BPO services.

“The Arise Gig-CX platform is allowing Brands to completely reimagine their CX strategy. With our rapid growth, it was a natural fit for us to acquire Officium Labs, which expands our ability to design and implement experiences based on Gig-CX that improve satisfaction and grow revenue for our customers.” said Arise’s Chief Executive Officer, Scott Etheridge.

Says Jonathan Shroyer, CEO and Co-Founder of Officium Labs, “There are numerous alignments between our organizations and how we see the future of CX platforms. We could not be more excited about joining Arise in their forward-thinking efforts to help Brands and Service Partners be there for customers, be aware of their needs, and be essential in their daily lives.”

A key element in this strategic acquisition for Arise is Officium Lab’s CX Maturity Model, a toolset that leverages data and analytics to turn Customer Care from a cost center to a profit center. This crucial consulting capability encompasses automation design and implementation to simplify paths to customer satisfaction and growth.

“The CX Maturity Model is the first opportunity for Brands to get a comprehensive view of their CX landscape. This holistic approach allows customers to prioritize initiatives to drive maximum ROI. With the CX Lab, Brands can build, test, and deploy CX models that drive better results while reducing costs. When you combine this capability with Arise’s powerful technology platform and network of gig-economy Service Partners, we will deliver exceptional value to brands in every area of Customer Care while opening new opportunities for the Service Partners on our platform to reach new Brands.” said Etheridge.

In addition to the CX Maturity Model, Officium Labs also provides a broad number of services including workforce management, quality assurance, fraud, social engagement, content moderation and customer service agents.

Says CEO Shroyer, “Officium’s extensive service capabilities are a true compliment to Arise’s industry leading Gig-CX network. Together we will give Brands the ability to launch highly cost-efficient programs for every CX use case from live agent chat to AI driven automation.”

Officium Labs’ success in the Gaming and Logistics verticals will be adding to Arise’s strength in Retail, FinTech, Travel, BFSI and Healthcare. This vertical reach will allow for greater expansion of complex CX problem solving while delivering exceptional service and cost savings for any Brand focused on transforming their CXM program.

“With our disruptive scheduling technology and the network of 70K+ Service Partners that use our platform, Arise gives Brands the ability to think very differently about capacity planning and both seasonal and intraday flex. When you combine this powerful innovation with Officium Labs’ CX design services, Brands will be able to identify gaps in their CX model faster, use innovative automation, and the power of the Service Partner network to deploy new CX strategies quicker and at scale.” adds Etheridge.

Arise will immediately begin introducing Brands to the CX Maturity Model and meet with Officium customers to share how the power of our Gig-CX platform can transform their Customer Care strategies.

 

About Arise Virtual Solutions, Inc.

Arise Virtual Solutions has created a disruptive technology platform that connects the world’s biggest brands with the largest network of gig-economy Service Partners in the BPO industry. Innovations in dynamic scheduling can allow clients to deliver up to 200% intraday flex so Brands can be there for their customers. Highly innovative virtual learning programs keep Brands aware of customers’ needs so they offer new solutions that grow share of wallet and increase revenue. Service Partners select brands they love and deliver empathetic, personal care that creates enduring relationships, keeping Brands essential and growing.  Arise is using the most innovative technology in the BPO industry to transform CXM for Brands and their customers.

For more information on Arise and how we can help your brand Be There. Be Aware. And Be Essential. Please email Info@arise.com

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Warburg Pincus and Vivtera Announce Investment in Arise Virtual Solutions https://www.arise.com/press-releases/warburg-pincus-and-vivtera-investment-announcement/?utm_source=rss&utm_medium=rss&utm_campaign=warburg-pincus-and-vivtera-investment-announcement Wed, 29 Nov 2023 18:20:47 +0000 https://newsite.arise.com/?p=4373 NEW YORK, NY, MUMBAI, India and MIRAMAR, FL, December 10, 2019 Warburg Pincus and Vivtera Announce Investment in Arise Virtual Solutions NEW YORK, NY, MUMBAI, India and MIRAMAR, FL, December 10, 2019 – An affiliate of Warburg Pincus, a global private equity firm focused on growth investing, Vivtera, a global business process management (“BPM”) and […]

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NEW YORK, NY, MUMBAI, India and MIRAMAR, FL, December 10, 2019

Warburg Pincus and Vivtera Announce Investment in Arise Virtual Solutions

NEW YORK, NY, MUMBAI, India and MIRAMAR, FL, December 10, 2019 – An affiliate of Warburg Pincus, a global private equity firm focused on growth investing, Vivtera, a global business process management (“BPM”) and transformation partner, have announced the acquisition of Arise Virtual Solutions (“Arise”), a leading provider of business process services from the previous investor, Strait Lane Capital Partners (“Strait Lane”). Financial terms of the transaction were not disclosed.

The investment will allow Arise to leverage Vivtera’s expertise in scaling up BPM companies; enhancing differentiation, delivering superior business outcomes to its Clients using digital technologies, and expanding its unique gig platform to cover new service lines and geographies.

Scott Etheridge, CEO of Arise, said, “This partnership with Warburg Pincus and Vivtera provides Arise with an exciting opportunity to access world-class resources that will accelerate the rate at which we deliver leading digital and human experiences for our customers and Service Partners who leverage the Arise Platform.”

“We are very excited about Arise’s differentiated capabilities and deep relationships built over years of servicing Fortune 1000 Clients. We will be supporting Scott and his team to scale the business into a global, best-in-class platform,” said Mohit Thukral, Co-Founder and CEO, Vivtera.

Vivtera was formed in 2018 in partnership with BPM veterans, Mohit Thukral, Gaurav Sethi and Harpreet Duggal and Warburg Pincus.

“Arise delivers powerful and differentiated results by leveraging its proprietary virtual platform that provides opportunities for specialized gig partners. We are excited to bring our deep understanding of client business challenges, data insights, and digital technologies to enhance the differentiation,” said Harpreet Duggal, Co-Founder of Vivtera and Executive Chairman of Arise. “Our goal with this investment is to further build Arise into a company known for best-in-class customer experience and flexible solutions linked to strong business outcomes,” added Gaurav Sethi, Co-Founder and Managing Partner, Vivtera.

Founded in 1994, Arise is an on-demand customer management business process management solutions provider, offering a customer management platform and product support services across North America and the United Kingdom. Arise’s platform provides clients with access to unparalleled support services through a virtual network that connects primarily work-at-home Service Partners to companies needing all types of business process management services, with primary focus in the customer experience industry.

Warburg Pincus is a leading global private equity firm focused on thesis-driven growth at scale. Since its inception, the firm has invested in excess of $17 billion into technology companies, including investments in WNS, Avaloq and Accelya.

“We believe that there is opportunity to significantly scale this platform and further enhance the value proposition and differentiation of Arise. We are excited to further partner with the management teams at Vivtera and Arise to transform Arise into a best-in-class business process service provider,” said Viraj Sawhney, Managing Director, Warburg Pincus.

“We want to sincerely thank Strait Lane for their partnership and support, which have been key drivers to our growth and success,” said Scott Etheridge, CEO of Arise.

Evercore served as the financial advisor to Warburg Pincus and Vivtera.

 

About Warburg Pincus

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $62 billion in private equity assets under management. The firm’s active portfolio of more than 190 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $79 billion in over 880 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com.

About Vivtera

Vivtera (www.vivtera.com) is a reliable, results driven, global business transformation partner, focused on assisting Financial Services, Insurance and Fast Growth Tech companies gain a significant competitive edge. Vivtera is backed by leading global private equity firm, Warburg Pincus. The company is founded by industry veterans Mohit Thukral, Gaurav Sethi and Harpreet Duggal, each bringing over two decades of experience in business transformation services. Together they offer complementary skills, domain expertise and a proven track record to create a ‘new age’ global business transformation services organization that is agile in meeting the fast-changing needs of global clients. Vivtera is drawn from a combination of Sanskrit & Latin words ‘Vivarta’ & ‘Litera’, signifying transformation accomplished through knowledge and experience.

About Arise

Arise is a pioneer of on-demand customer management business process outsourcing solutions, headquartered in Florida. Our powerful cloud-based platform connects companies needing customer engagement and other business services to a virtual nationwide network of work-at-home Service Partners running small call center businesses. Built to scale, the Arise Platform enables a superior customer experience for innovative enterprises from startups to Fortune 500. To learn more about Arise Virtual Solutions, please visit www.arise.com.

About Strait Lane

Strait Lane Capital Partners, LLC, based in Dallas, TX, is a privately held investment firm focused on middle-market businesses. Strait Lane brings strategic insights and expertise including effective governance, operational excellence, vertical market depth, and extensive private and public client relationships. For more information about Strait Lane please visit www.straitlanecapital.com.

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