May 02, 2011
DALLAS, Texas (May 2, 2011) - SOURCECORP, Incorporated, and HOV Services, both leading providers of business process outsourcing (BPO) and Knowledge Process Outsourcing (KPO), today announced that it has completed its previously announced merger.
Mr. Ed H. Bowman, Chief Executive Officer and President of SOURCECORP, and Mr. Suresh Yannamani, President of HOV Services commented, “We are excited to complete this step in our evolution and we look forward to working with the combined talent from both organizations to grow the company utilizing our additional scale and new solutions for customers. We are also excited to announce the new name of the combined enterprise, SourceHOV, which reflects the union of the two companies and its expanded capabilities.”
Combined, the company, with approximately $480 million in revenue, is one of the largest pure play BPO and specialty consulting companies in the industry, serving customers in more than half of the Fortune 100® with deep domain expertise, including document centric applications, in Healthcare Payer and Provider, Finance and Banking, Public Sector, Publishing, Legal, Insurance, Manufacturing and Commercial industries, including specialized consulting services for construction management, tax benefits, legal claims settlements and economic consultancy. With the combination, the company’s global workforce is now more than 14,200 employees operating from approximately 80 delivery centers in 6 countries including the U.S., Mexico, Canada, India, China and the Philippines.
SOURCECORP, Incorporated provides business process outsourcing solutions and specialized high value consulting services to clients throughout the U.S. SOURCECORP leverages deep horizontal process knowledge into information-intensive industries including commercial, financial, government, healthcare, and legal. Headquartered in Dallas, SOURCECORP serves clients throughout the United States through a network of locations in the U.S., Mexico, India and the Philippines.
For more information about SOURCECORP’s solutions, including case-study examples, visit the SOURCECORP website at www.sourcecorp.com.
About HOV Services
HOV Services Limited, one of the largest end-to-end BPO companies headquartered in Chennai, India, provides Finance and Accounting services in the BFSI, Healthcare, Government, Telco, Publishing, Retail, Commercial and Industrial Manufacturing industries. Its clients include over 50 percent of the FORTUNE 100® and are some of the largest companies in the industries served. RightShore delivery centers are strategically located in India, North America, China, Canada and Mexico with over 8,800 associates working together to Exceed Expectations® of our clients. For more information about HOV Services, please visit www.hovservices.com.