|
Media
|
Press Releases |
Indecomm Global Services acquires US Recordings |
July 27, 2007, New York - Indecomm Global Services, a leading international business process outsourcing and services firm, announced today that it has completed the acquisition of US Recordings, Inc., headquartered in St Paul, Minnesota. US Recordings is a pioneer in electronic technology for the mortgage recording industry serving the residential mortgage market, including all of the top ten lenders, the title industry and the legal community. The company covers over 3,700 jurisdictions across all 50 states.
“US Recordings provide a powerful complement to our strong technology-based business process outsourcing solutions for the mortgage industry”, says Naresh Ponnapa, President & CEO of Indecomm Global Services. “This move is in line with our stated direction of combining our sound organic growth platform with an acquisition led strategy. Our goal is to be a complete partner with the most comprehensive set of outsourcing solutions available in the industry with capabilities spanning consulting, technology and a seamless global delivery model for back office processing.”
“This move was all about people and productivity”, Jeff Carlson, President & CEO, US Recordings, said. “We have been working with Indecomm on several outsourcing initiatives for the past two years. Our cultures are similar, and we share the same vision with regard to leveraging technology to deliver superior solutions to our clients. I am convinced that by taking this partnership to another level, we are creating a business model that is robust and enduring and one that will deliver great customer value”.
In 2006, Indecomm Global Services acquired Mortgage Dynamics, one of the leading consulting firms in the US, providing a broad array of services to the mortgage industry. US Recordings’ InteleDoc Plus© technology platform enhances Indecomm’s portfolio of image-enabled workflow solutions. Indecomm provides outsourcing solutions that cover every facet of the mortgage industry ranging from loan production, post-closing and delivery, loan servicing, secondary title and settlement agents, title underwriters and vendor management companies. Indecomm’s delivery model combines an offshore presence across nine delivery centers in India with nearshore centers in the US, including an Intelligent Document Hub in Louisville.
About Indecomm Global Services
Indecomm Global Services is a consulting, business process outsourcing and technology services company with four principal divisions: Mortgage Services; Retail Banking Services; eLearning and Corporate Training; and IT Services. The company’s seamless onshore-offshore technology-enabled operations are the central point of its global delivery model, offering clients both scale and cost advantages. Expertise in imaging and workflow technologies and extensive knowledge of processes and domains has enabled Indecomm to produce significant, measurable business gains for its clients. It has been featured in Red Herring's list of the top 200 private companies in Asia; ranked among the top five emerging services companies by The Indus Entrepreneurs; featured in Fortune Magazine’s 2007 “The Global Outsourcing 100”; and has been recognized for management excellence and its outstanding contribution to industrial development in India
Contacts
Indecomm Global Services
Rajan Nair – rajan@indecommglobal.com; Phone: 732 259 1405
U.S. Recordings
Jeff Carlson – Jeff.carslon@usrecordings.com Phone: 651 766 2369 |
