CHENNAI: Secova eServices, India's first HR BPO and Ultralink, a California-based HR and Benefits Management services provider, today announced the merger of their operations. Announcing the merger to the media in Chennai via teleconference, Venkat Tadanki, co-founder and CEO of Secova said that through the combined entity, the two companies would be able to offer global clients a broader range of HR and employee benefits administration services while also providing incomparable flexibility through customized offerings. “This merger is a strategic fit between he two like-minded organizations with the same goals of putting individual client needs first,” Venkat Tadanki, who will lead the new combine as the CEO, said further. Venkat said that Ultralink had done an amazing job by creating customized solutions for each client, which was perfectly aligned with Secova's strategy of providing complete end-to-end HRO solutions for organizations seeking to outsource HR administrative services. “This merger enables the combined company to leverage technology, global delivery centers and best-in-class processes to deliver an integrated, human resources and benefits administration supply chain at a cost effective price point – regardless of an organizations' size. This integrated solution will provide the combined company with an important competitive differentiator, and at the same time enhance the ability of our clients to drive business performance,” he added in this regard. Talking about the merger, Vince Sheeran CEO of Ultralink said: “The merger makes tremendous sense for our clients, bringing an excellent opportunity for two proven, effective organizations to come together with a single focus on being the premier HRO service provider for mid to large sized organizations.” The merger of the two companies came into being with Trident and Capz – the two major investors of Ultralink being bought over by Bearings Private Equity – the major stake holder of Secova. The combined entity's headquarters' will remain in Costa Mesa (California) with additional centers located in Chennai and Brick (New Jersey), and would be managed by a team that reflects a strong balance between the two organizations. The combined company's increased scale and scope will benefit clients and employees alike, creating a premier global service provider for the Fortune 2000, it is learnt.
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