Outsourcing consultancy EquaTerra has acquired rival consultancy Morgan Chambers to extend its lead as the market’s biggest outsourcing and offshore advisory firm.
EquaTerra said the acquisition would create “the advisory firm of choice for organisations seeking to improve their business and IT processes through shared services, outsourcing and offshoring,” with the newly enlarged team of specialists providing “unrivalled depth of knowledge and services across all business support functions.”
EquaTerra and Morgan Chambers’ areas of expertise include IT, HR, finance and accounting, procurement and customer care. The firms have additional expertise in sector-specific processes such as claims management, mortgage processing and policy administration.
The acquisition would also broaden and solidify the firm’s geographic reach, EquaTerra said today. The combined company has approximately 300 employees across North America, Europe and Asia Pacific.
Mark Toon, EquaTerra’s chief executive, said: “The leadership teams of our firms are excited about this acquisition. We are in the unique situation of bringing together two organisations with a strong presence in different geographies, yet with similar cultures, methodologies and depth of experience in the markets we serve.”
Robert Morgan, chairman and founder of Morgan Chambers, will leave the organisation once the deal is complete.