Short: BancTec acquired by investment firm and integrated with Dataforce

Short: BancTec acquired by investment firm and integrated with DataforceHandsOn3 is  a global buyout manager based in Santa Monica. It announced that it along with Delos Capital Management has completed the previously announced acquisition of BancTec. BancTec is a major Business Process Outsourcing (BPO) company.

HandsOn3 will combine BancTec with its existing portfolio business, Dataforce Group, with the goal to create one of the largest BPO businesses addressing the transaction processing, workflow and document management markets.

The combined company

  • will have an annual revenue in excess of $280 million,
  • serves a high grade client base spanning over 50 countries,
  • has a global team of more than 4,000 employees across 30 offices and operating centers.

Mr. Jim Reynolds, COO and CFO at HGM, and Mr. Coley Clark, Chairman and CEO of BancTec:

“This is an exciting step for both companies and will create a diversified, multi-industry service provider. The strong brand, service offerings and talent from both organizations will be leveraged to scale, capture new business and improve customer services and operational efficiency. We are proud to announce that the combined company will operate under the BancTec brand.”

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