OSG Billing Services, a Ridgefield Park-based provider of billing and payment solutions, announced plans on Tuesday to acquire NCP Solutions LLC, a wholly-owned subsidiary of Harland Clarke Corp.
NCP outsources transnational communications in the financial services industry.
Under terms of the deal, the NCP will continue to be run by Mark Harris.
“With 1,400 clients, 400 customer-focused employees and strategically-located facilities, NCP offers tremendous opportunities for further growth and innovation in the financial services industry,” Scott W. Bernstein, OSG’s chairman and CEO, said.
Financial terms of the deal were not disclosed.
“This transaction is significantly beneficial for all parties,” Jana Schmidt, president of Harland Clarke, said. “This acquisition enables two leading organizations to combine technologies and expertise to provide additional value to clients while expanding innovative offers to the marketplace.”
“It is a pleasure to join the OSG family,” Harris said. “We are tremendously excited about the positive impact this transaction will have on our business and on our relationship with our customers. We are looking forward to this next phase in our company’s growth.”
