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Private Equity

Exela Technologies, Inc., a Publicly Traded Company, Completes Business Combination with SourceHOV and Novitex

July 12, 2017

SourceHOV and Novitex combine technology and services to form global provider of transaction processing solutions and enterprise information management

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Private Equity

OpusCapita to outsource its digitizing operations in Sweden, Norway and Poland to BancTec

June 27, 2017

OpusCapita, a company focusing on automating and digitalizing customers’ procurement, invoicing and payment processes, has formed a global digitizing partnership with BancTec, a SourceHOV brand, a global provider of enterprise information management (EIM) and transaction processing solutions (TPS).

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Private Equity

SourceHOV Accelerates Growth with New U.K. & Ireland Headquarters

May 12, 2017

SourceHOV is pleased to announce the inauguration of its new U.K. and Ireland headquarters. BancTec, a wholly owned subsidiary of SourceHOV, has operated in the UK and Ireland for more than four decades providing proprietary technology and solutions to banks, insurance, utilities and other industries. Since its acquisition by SourceHOV in 2014, the business has positioned itself as a global leader in enterprise information management and transaction processing solutions

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Private Equity

SourceHOV Raises the Bar with Launch of Fastest Document Scanner Available

April 8, 2017

BancTec, a part of SourceHOV, a leading provider of enterprise information management (EIM) and transaction processing solutions (TPS), today launched the ‘IntelliScan XDS Series 5’, the latest addition to its IntelliScan high-speed document processing suite.

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Private Equity

VocaLink and BancTec to build and run the infrastructure for the UK's image-based cheque clearing

March 30, 2017

SourceHOV, a leading provider of enterprise information management and transaction processing solutions is proud to announce today that their BancTec office in the UK and VocaLink, the global payment partner to banks, corporates and governments, has been selected by the Cheque and Credit Clearing Company (C&CCC) to build and run the infrastructure for an industry-wide image-based cheque clearing system that will significantly reduce the number of days taken to clear cheques in the UK

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Private Equity

Rockcastle County names SourceHOV as 2016 Business of the Year

March 8, 2017

SourceHOV is proud to announce it has been named 2016 Business of the Year by the Rockcastle County Chamber of Commerce. The award was presented at the Farmers and Businessmen’s Banquet last night at the Rockcastle County Middle School.

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Private Equity

Affiliates of Apollo and HGM Agree to Combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to Form Exela Technologies, a Public Company in a Transaction Valued at $2.8 Billion

February 21, 2017

The transaction is valued at approximately $2.8 billion, representing a 7.3x multiple of the projected 2017E pro forma EBITDA for the combined company of $385 million.

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Private Equity

Press Release

September 28, 2016

SourceHOV Completes Acquisition of TransCentra and Reinforces its Global Transaction Processing Solutions Footprint

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Private Equity

SourceHOV and BancTec Group Complete Merger, Creating a Global Leader in Transaction Processing Solutions

November 4th, 2014

SourceHOV and BancTec Group today announced the completion of their merger, creating one of the largest Transaction Processing Solutions ("TPS") service providers worldwide with more than $900 million in revenue.

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Private Equity

SourceHOV and BancTec enter into a Merger Agreement

September 29, 2014

SourceHOV, a leading provider of Transaction Processing Solutions (“TPS”), announced today that the company has entered into a merger agreement with BancTec Group (“BancTec”), to create one of the largest TPS service providers worldwide.

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Private Equity

April 3, 2014

HandsOn3, LLC Completes Acquisition of BancTec, Inc.

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Private Equity

SourceHOV Announces CEO and President Succession

August 05, 2011

DALLAS, Aug. 5, 2011 /PRNewswire/ -- SourceHOV announced today the retirement of Ed Bowman and the appointment of Stephen Grieco as the new CEO and President, effective August 31, 2011.

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