Secro has announced that it has acquired Vertex Public Sector Limited for cash consideration of £55.5m.
Vertex Public Sector provides Business Process Outsourcing (BPO) services to UK local and central Government. The 3,000 employees process 4.5 million citizen interactions each year. Some of their costumers include the Child Maintenance and Enforcement Commission (CMEC) and Job Centre Plus.
Commenting on the acquisition Christopher Hyman, Secro Chief Executive said “this acquisition enhances the range of services we offer to the UK public sector as they seek to reduce the cost whilst continuously improving outcomes for citizens…following recent significant contract wins, this is another important step for our BPO strategy and the development of our Global Services business. THis business will have annual revenues of over $1 bn and approximately 50,000 employees”.
