Continuing with its M&A spree, Aditya Birla Minacs Worldwide Ltd (ABM), the business process outsourcing (BPO) arm of Aditya Birla Nuvo Ltd, has acquired Bureau of Collections Recovery (BCR), an accounts receivables management company in the US. This is its second acquisition in the last three months.
The acquisition has been done through its subsidiary in the US. Following this acquisition, BCR will now operate as a Minacs’ subsidiary, said a company statement. The financial terms of the transaction were not disclosed.
In March, Minacs acquired Compass BPO Ltd, a UK-based pureplay finance and accounting services provider. Earlier, it acquired Radifinity, a Bangalore-based startup providing technology solutions in radio frequency identification (RFID), smart cards, global positioning system (GPS) and GPRS in February.
Deepak Patel, CEO, Aditya Birla Minacs, said, in the statement, “BCR is a very strong operating model, with a consistently growing top and bottom line. Its capabilities are adjacent to Minacs’ core customer lifecycle services, and it will enhance our ability to deliver end-to-end solutions to our customers.”
BCR has been serving the credit industry segment for the last 25 years with clients in banking, financial services and telecom sectors. Marty Sarim, president and CEO, BCR, said, “The US debt collection industry alone is currently over $12 billion in size, and is expected to grow 12% CAGR. With Minacs’ global delivery platform, we will leverage our strength to focus our efforts toward winning larger opportunities in this market.” Following the deal, Sarim will take charge of the global practice leader for accounts receivables management at Minacs.
There have been quite a few global deals in the BPO space in recent times. In one of the major inbound M&As in India, Sutherland Global Services, a transnational business process outsourcing (BPO) company, acquired Mumbai-based Adventity Global Services early this month. While in outbound deals, Intelenet Global Services acquired Firstinfo Ltd, and Patni Computer Systems Ltd acquired CHCS Services Inc.