Tricom to buy US legal soln provider

MUMBAI, INDIA: Tricom India Ltd, a company specializing in non-voice Business Process Outsourcing segment, has signed an MOU to acquire assets of the US-based ‘Apex Document Solutions’ a full service provider of litigation support services for legal practitioners.

Tricom has announced the acquisition of Apex Document Solutions for $2 million, which has been funded through internal accruals and finance from the Banks/ Institutions.

The company expects to enter into a definitive agreement in the next two weeks. The acquisition enables Tricom to enhance the value chain in the Litigation Support Vertical by offering a full suite of both on-site and offshore engagement models and widen its market presence. While leveraging the network of Apex, Tricom gains a distinctive advantage of local presence to reach out to the Law firms in the US, paving for greater business potential.

Chetan Kothari, managing director, Tricom, said “The acquisition will augment the company’s current sales setup in the US with the newly acquired On-site Processing and support facility eliminating the distance and data confidentiality barriers.”

Kothari further added, “This would provide a perfect platform to expand our service portfolio in other business domains paving way for earning higher revenues”