OSG Billing Services Enters Definitive Agreement to Acquire NCP Solutions

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Release Date: Wednesday, November 14, 2018
Press release from the issuing company

OSG Billing Services (OSG), a leading provider of omnichannel billing and payment solutions, customer engagement and critical customer communication management, today announced plans to acquire NCP Solutions, LLC (NCP), a wholly owned subsidiary of Harland Clarke Corp. NCP is a recognized leader in outsourced transactional communications in the financial services industry. The company will continue to be run by the current management team led by Mark Harris.

“With 1,400 clients, 400 customer-focused employees and strategically-located facilities, NCP offers tremendous opportunities for further growth and innovation in the financial services industry,” stated Scott W. Bernstein, OSG’s Chairman and CEO. “NCP customers will greatly benefit from the investments recently made under Harland Clarke and the significant investment OSG has made and is continuing to make across its platform. We feel this is an ideal fit, as the companies share a customer-first philosophy and a pioneering approach to technology.”

“This transaction is significantly beneficial for all parties,” said Jana Schmidt, president of Harland Clarke. “This acquisition enables two leading organizations to combine technologies and expertise to provide additional value to clients while expanding innovative offers to the marketplace. This is also an important milestone for Harland Clarke as we advance our strategy focused on innovative marketing services and integrated payment services that drive meaningful customer engagement across all channels including digital, phone, and print. We will continue to aggressively develop new technology-enabled services that support our clients’ success and deliver a superior customer experience for their consumers and businesses.”

“It is a pleasure to join the OSG family,” stated Harris. “We are tremendously excited about the positive impact this transaction will have on our business and on our relationship with our customers. We are looking forward to this next phase in our company’s growth.”

The sale is subject to customary closing conditions, including the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close by the end of 2018.

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