By ET Bureau - June 07, 2021 1 Mins Read
Transworld Systems Inc. (TSI), the largest U.S. technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of Account Control Technology Holdings, Inc. (ACT Holdings), a leading debt recovery, ARM and business process outsourcing company. Transaction terms were not disclosed.
“Scale matters, and our acquisition of ACT Holdings will further bolster our position as the largest receivables management and collections company in the United States, enabling us to make additional investments in people, technology and compliance and strengthening our industry leading position,” said TSI Chief Executive Officer Joe Laughlin.
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“The addition of ACT Holdings will significantly increase our first party collections and customer care business and expand our healthcare revenue cycle management service offerings. We are excited to welcome ACT Holdings customers and employees to the TSI family.”
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