Founded in 2003 and headquartered in Somerset, New Jersey, the Viteos Group provides customised straight-through-processing and integrates post-trade operations across every asset class, currency, border or structure for the alternative investment management industry in the US, Europe and Asia.

A leading player in shadow-accounting services, the company offers middle and back-office outsourcing through its over 400 employees.

Viteos' technology-based solutions will bring in non-linear and higher revenue realisation, Wipro said.

The management team at Viteos will continue with the business and drive the platform-based outsourcing business services, the statement said.

Viteos will further our strategy in the capital markets domain," Wipro President and Chief Executive (Finance Solutions) Shaji Farooq said.

"Our search for a global partner who gives Viteos exceptional market reach in expanding our presence while preserving the entrepreneurial characteristics of Viteos culminated with this acquisition by Wipro," said Shankar Iyer, CEO and founder of the Viteos Group.

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