BSG Clearing Solutions North America LLC late last week closed on its $15.6 million purchase of third-party verification provider VoiceLog LLC.
The companies made the announcement on Monday.
VoiceLog founder Larry Leikin and his 30 employees now work for BSG, which specializes in clearing and settlement, as well as payment and financial risk management solutions for service providers, utilities and financial services companies. Leikin will serve as general manager of the TPV business for BSG.
VoiceLogs third-party verification business has a great reputation in the industry and offers us considerable benefits of scale and market penetration, said Roland J. Bopp, CEO of BSG. Their complementary services reinforce our business proposition and for over five years, weve cultivated a relationship that makes this a very natural conclusion.
BSG Clearing Solutions North America LLC is a wholly owned subsidiary of Billing Services Group Ltd.