| - Allsec Technologies Ltd, a Chennai-based BPO service provider, is set to acquire a US-based mortgage servicing business company, Retreat Capital Management Inc, to expand into new verticals. R Jagadish, CEO, said the company has signed an agreement to acquire 100 per cent of the US firm.
- Retreat Capital Management is an end-to-end provider of loss mitigation, portfolio management and management consulting services for mortgage lenders, servicers, asset managers and investors.
- The company was established in 2008, and is based in Lake Forest, California, has various delivery centres in country including Chennai, Bangalore, Mumbai, Delhi, Trichy, Hyderabad, Pune and Kolkata and subsidiaries including Allsectech Inc, USA and Allsectech Manila Inc, Philippine.The operations of Retreat Capital Management would be continued as a seperate business entity even after acquisition..The Strength of the company through India, Philippines and US.
Source:http://www.business-standard.com/india/news/allsec-to-acquire-us-basedfirm/424251/
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