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BancTec Expands Global Business Process Outsourcing Market Share with MEDIASERVICE Transaction.

BancTec assumes the contracts of MEDIASERVICE, of Cologne, Germany, to expand its European Business Process Outsourcing operation

DALLAS -- BancTec Inc, a leading global provider of document and payment processing solutions and Business Process Outsourcing services, today announced that it has assumed the contracts of the Business Process Outsourcing (BPO) Company, MEDIASERVICE, for an undisclosed amount. The transaction builds on the BancTec global strategy of transforming itself into a world class Business Process Outsourcing company.

The assumption of MEDIASERVICE contracts accelerates BancTec's global growth in the Business Process Outsourcing market and builds upon the recent new launch announcements of the Estonian (Tallinn) and Irish (Dublin) BPO operations.

"This latest transaction in the BPO market positions BancTec as a key pan-European provider of BPO services in a growing document-centric market," said J. Coley Clark, president and CEO of BancTec. "The assumption of MEDIASERVICE contracts provides substantial new growth for our six major Document reception centers across Europe covering the UK, Ireland, Netherlands, Estonia, Germany and the United States, which complement our Call Centers that cover France, Italy, UK, Sweden, Netherlands, Belgium, Luxembourg and Germany."

MEDIASERVICE contracts will be integrated into the BancTec German operation supported by an investment program to implement BancTec's industry-leading Mail Center solutions and connected to the company's European Archive network.

"With the addition of MEDIASERVICE contracts we have strengthened our portfolio of BPO services and further expanded our European reach" said Clark. "We expect continued growth within our European operations, both organically and through strategic partnerships and targeted acquisitions."

About BancTec

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, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas and London, BancTec is privately owned with annual revenues of $345 million and serves more than 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.
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Publication:Business Wire
Article Type:Industry overview
Date:Oct 2, 2006
Words:349
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