FTV Capital completed an $146m investment in Patra.

FTV Capital, a private equity firm, completed an $146m investment in Patra, a technology-enabled services company for the insurance industry. "We are excited to partner with FTV Capital as we enter our next phase of growth. FTV's extensive knowledge of the insurance ecosystem and strong network of global relationships within the broader financial services space will complement our existing capabilities and help us drive additional value for our customers to further penetrate our target markets. FTV has proven itself to be a foremost leader in tech-enabled services with recent investments such as Lean Solutions Group, LogicSource and DataArt. Additionally, the FTV team's prior experience partnering with leading platforms like EXL, Globant and others provides a unique vantage from which to support our success going forward. We look forward to introducing new products and services for our customers, continuing our mission of bringing innovative and value-oriented services to the insurance marketplace," John Simpson, Patra Founder and CEO.