M&A Deal Summary

SourceHOV Acquires BancTec

On November 4, 2014, SourceHOV acquired information services company BancTec

Acquisition Highlights
  • This is SourceHOV’s 1st transaction in the Information Services sector.
  • This is SourceHOV’s 1st transaction in the United States.
  • This is SourceHOV’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-11-04
Target BancTec
Sector Information Services
Buyer(s) SourceHOV
Deal Type Merger

Target

BancTec

Irving, Texas, United States
BancTec, Inc. is a business process outsourcing, providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial back-office processes. With clients in 50 countries, BancTec operates more than 20 delivery centers worldwide, utilizing a common technology platform to deliver reliability, security, and consistently high levels of performance. BancTecwas founded in 1972 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

SourceHOV

Irving, Texas, United States
Category Company
Founded 1983
Sector Information Technology
Revenue 600M USD (2014)
DESCRIPTION

SourceHOV LLC is a provider of business process solutions, strategic consulting and data analytics services. SourceHOV provides outsourcing services to high-volume, data-driven, and information intensive industries.

DEAL STATS #
Overall 1 of 2
Sector (Information Services) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 TransCentra

Norcross, Georgia, United States

TransCentra is an established provider of integrated outsourced billing, remittance processing, and imaging software, and consulting services. TransCentra serves approximately 300 clients, primarily in the financial service, insurance, utilities, healthcare, and telecom industries.

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