BWI: HOV Global Services Acquires Dataforce Interact Limited

Press release from Business Wire India
Source: HOV Services Limited
Monday, June 28, 2010 03:00 PM IST (09:30 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
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HOV Global Services Acquires Dataforce Interact 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") acquired Dataforce Interact Limited ("Dataforce").

The acquisition of Dataforce 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.

With approximately 300 employees spread across two state of the art centers in Northampton, England, Dataforce is a leading integrated multi-channel customer interaction and BPO provider in the U.K. It handles multiple customer response activities for a variety of blue chip customers in the government, charity, retail, travel, construction and utilities sectors. This acquisition will strengthen and expand HandsOn capabilities and reinforce HandsOn's European presence, as well as, provide an additional platform to cross sell and up sell services among HOV Global world-wide group of companies.

About HOV Global Services

HOV Global Services, a wholly owned subsidiary of Rustic Canyon LLC, is a leading provider of outsourcing services in the field of accounts receivable management, auto insurance services, healthcare & benefit management services and has a presence across the U.S, U.K and India with an employee strength of ~2,000 post the acquisition of Dataforce.

About Rustic Canyon, LLC

Rustic Canyon is a US$100+ mm committed acquisition fund managed by HandsOn, 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 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, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY, HOVS.NS, HOVS.BO

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