BWI: HOV Global Services Acquires EMR Insurance Services Limited

Press release from Business Wire India
Source: HOV Services Limited
Monday, June 28, 2010 03:10 PM IST (09:40 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Banking & financial services, Business services, Information technology; Technology
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HOV Global Services Acquires EMR Insurance Services Limited


London, United Kingdom, Monday, June 28, 2010 -- (Business Wire India) -- HOV Global Services LLC ("HOV Global"), a unit of Rustic Canyon, LLC, a $100+ mm committed acquisition fund established to acquire small to mid-size BPO companies managed by HandsOn Ventures, LLC ("HandsOn") completes the acquisition of EMR Insurance Services Ltd ("EMR").

EMR provides auto insurance services, healthcare and benefits management services to the some of the largest insurance companies and corporations in the world. HandsOn plans to launch, cross-sell and up-sell services across the entire HandsOn managed companies suite of backend services yielding significant cost-savings and growth potential; and leverage its global presence of over 12,000 associates in the USA, United Kingdom India, China, Canada and Mexico in its portfolio companies.

The acquisition of EMR paves the way of HOV Global into the European BPO marketplace and introduces a number of opportunities across the Rustic Canyon portfolio. This acquisition is consistent with HandsOn's strategy of acquiring leading global business process outsourcing companies to deliver superior value to current and prospective clients through its globally positioned resources.

About EMR

EMR Insurance Services Ltd is a market leader in end-to-end auto claims processing and healthcare administration services in the UK.

About Rustic Canyon, LLC

Rustic Canyon is a US$100+ mm committed acquisition fund managed by HandsOn's, established to acquire small to mid-sized BPO companies.

About HandsOn Ventures, LLC

HandsOn is a private equity firm primarily engaged in the business of acquiring BPO and renewable energy companies in the United States and certain other key markets outside the U.S. Over the last decade HandsOn has acquired more than a dozen BPO companies, restructured some of them and successfully taken them public. Companies acquired and controlled by HandsOn employ over 12,000 people in the US, India, China, Canada, Mexico and now, the UK. HandsOn partners and principals have significant work experience in the U.S. and emerging markets, including India, China, and European countries.


CONTACT DETAILS
Mr. Ruchir Desai, Senior Analyst, HandsOn Ventures, LLC, +91 9820428614, ruchir.desai@handsonventures.com

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY, HOVS.NS, HOVS.BO

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