Viteos expands to Chennai, to up headcount by 150

Viteos Capital Market Services, a premier provider of global outsourced operations solutions for traditional and alternative asset managers as well private equity and venture capital firms, announced its expansion to Chennai.

Founded in 2003, and with offices worldwide, the latest move bolsters the firm’s footprint in India where it currently has offices in Mumbai and Bangalore.

Chennai was selected owing to its strong pool of talent and resource in accounting and IT. Consistent with Viteos’ approach to technology and accounting, its employees are seen as colleagues, asked to move beyond a task orientation and to actively participate in creating and delivering creative solutions that anticipate client needs.

Said Chitra Baskar, Viteos COO “As India is at the core of Viteos’ success, the expansion represents the confidence that clients have in the firm and the need to encourage and nurture innovation and talent among our team in here.” “The new office space will increase our delivery capabilities as we continue to grow and innovate,” Baskar added. As an outsourced provider, Viteos constantly improves its own solutions and delivery, freeing firms from the burden of keeping up with the latest trends, assuring best practice and providing a one-stop, comprehensive, integrated, customised, and automated institutional infrastructure, delivering transparency, accurate reporting, and scalability across all functions.

Viteos has launched Viteos VU. This ultra-set of accounting and technology is inter-operative, delivering a modular collection of solutions with robust straight through processing capabilities that turns data into useful information.

Intuitive from an accountant’s viewpoint, each module is engineered to automate post-trade activities with minimal intervention. The technology manages data flows of all types. It is designed for workflows, and process-by-process it fosters collaboration.