BSG Clearing Solutions North America LLC, a wholly owned subsidiary of Billing Services Group Ltd., a clearing and settlement, payment and financial risk-management solutions group, announced the acquisition of VoiceLog LLCs (Booth 110) third-party verification (TPV) business. The all-cash deal values VoiceLog at $15.63 million and will be financed from the existing resources and facilities of Billing Services Group. The transaction closed on June 30.
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. I am delighted to welcome the VoiceLog team to BSG.