Paris, December 4, 2008 – BancTec, a global provider of advanced document and payment processing solutions and services, has announced that it has reached an agreement to assume all of the contracts and employees of BPO Services, provider Document@Work. The agreement will enable BancTec to grow its global BPO operations and provide the company with an expanded customer base in France.
Document@Work is a provider of data capture services. Created in 2004, the company is recognised for its BPO expertise, which it provides for such clients as DHL and Disney.
“This transaction further enhances our BPO presence in Europe and strengthens our position as a key provider of document processing services,” said Pascal Wirth, Président-Directeur Général, BancTec SA. “We look forward to providing Document@Work’s customers the same outstanding services to which they are accustomed, as well as to growing our customer base throughout France.”
BancTec France recently opened a new office and BPO facility in Noisel to begin servicing most of Document@Work’s existing contracts.
Over the past year, BancTec’s global BPO practice has grown to include 8 processing centers in North America and 13 in Europe. Services provided include mortgage origination, mail processing, payment processing, document and voucher processing, hosted archive, healthcare revenue cycle management, accounts payable processing, invoice processing and complaints handling.
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BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimise information management, visit www.banctec.co.uk.
Forward-Looking Statements: ?
All statements in this press release that do not directly and exclusively relate to historical facts are “forward-looking statements” describing BancTec's objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.
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