Capgemini, a provider of IT services and outsourcing, has acquired the Order to Cash (OTC) business from Vengroff, Williams & Associates and certain of its affiliates.
Vengroff, Williams is a provider of accounts receivable collections solutions.
This acquisition is reportedly in line with Capgemini’s strategy to complement its footprint with selected expertise. Run under the brand ‘VWA’, the OTC business delivers consistent financial performance in terms of both growth and profitability and will be accretive to the BPO and Group margin, Capgemini said.
Through this acquisiton Capgemini expects to build on its F & A (Finance and Accounting) BPO services through enhanced offerings in the OTC market worldwide. The acquisition adds over 300 VWA experts to Capgemini’s 12,000 skilled staff BPO organisation.
The transaction was reportedly financed by the Capgemini Group’s net cash.
Robert Williams, chairman at Vengroff, Williams & Associates, will join Capgemini as head of the BPO Order to Cash service.
Capgemini CEO BPO Hubert Giraud said this acquisition is a perfect next-step for their growth strategy.
"It will further strengthen our global BPO offering through VWA’s domain knowledge, on-shore center capabilities and US presence," Giraud said.
