Secova, Ultralink announce merger  

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.