NEW YORK, July 27 /PRNewswire/ -- Indecomm Global Services, a leadinginternational business process outsourcing and services firm, announcedtoday that it has completed the acquisition of US Recordings, Inc.,headquartered in St Paul, Minnesota. US Recordings is a pioneer inelectronic technology for the mortgage recording industry serving theresidential mortgage market, including all of the top ten lenders, thetitle industry and the legal community. The company covers over 3,700jurisdictions across all 50 states. "US Recordings provide a powerful complement to our strongtechnology-based business process outsourcing solutions for the mortgageindustry," says Naresh Ponnapa, President & CEO of Indecomm GlobalServices. "This move is in line with our stated direction of combining oursound organic growth platform with an acquisition led strategy. Our goal isto be a complete partner with the most comprehensive set of outsourcingsolutions available in the industry with capabilities spanning consulting,technology and a seamless global delivery model for back officeprocessing." "This move was all about people and productivity," Jeff Carlson,President & CEO, US Recordings, said. "We have been working with Indecommon several outsourcing initiatives for the past two years. Our cultures aresimilar, and we share the same vision with regard to leveraging technologyto deliver superior solutions to our clients. I am convinced that by takingthis partnership to another level, we are creating a business model that isrobust and enduring and one that will deliver great customer value." In 2006, Indecomm Global Services acquired Mortgage Dynamics, one ofthe leading consulting firms in the US, providing a broad array of servicesto the mortgage industry. US Recordings' InteleDoc Plus(C) technologyplatform enhances Indecomm's portfolio of image-enabled workflow solutions.Indecomm provides outsourcing solutions that cover every facet of themortgage industry ranging from loan production, post-closing and delivery,loan servicing, secondary title and settlement agents, title underwritersand vendor management companies. Indecomm's delivery model combines anoffshore presence across nine delivery centers in India with nearshorecenters in the US, including an Intelligent Document Hub in Louisville. About Indecomm Global Services Indecomm Global Services is a consulting, business process outsourcingand technology services company with four principal divisions: MortgageServices; Retail Banking Services; eLearning and Corporate Training; and ITServices. The company's seamless onshore-offshore technology-enabledoperations are the central point of its global delivery model, offeringclients both scale and cost advantages. Expertise in imaging and workflowtechnologies and extensive knowledge of processes and domains has enabledIndecomm to produce significant, measurable business gains for its clients. It has been featured in Red Herring's list of the top 200 privatecompanies in Asia; ranked among the top five emerging services companies byThe Indus Entrepreneurs ; featured in Fortune Magazine's 2007 "The GlobalOutsourcing 100"; and has been recognized for management excellence and itsoutstanding contribution to industrial development in India. Contacts: Indecomm Global Services: Rajan Nair --
Indecomm Global Services Acquires US Recordings
August 08, 2007, 1:04 a.m. EDT 2 Min Read
