After the merger, the company will continue to be run by the current management team led 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,” said Scott W. Bernstein, OSG’s chairman and CEO. “NCP customers will greatly benefit from the investments recently made under Harland Clarke and the significant investment OSG has made and is continuing to make across its platform. We feel this is an ideal fit, as the companies share a customer-first philosophy and a pioneering approach to technology.”
“This transaction is significantly beneficial for all parties,” said Jana Schmidt, president of Harland Clarke. “This acquisition enables two leading organizations to combine technologies and expertise to provide additional value to clients while expanding innovative offers to the marketplace. This is also an important milestone for Harland Clarke as we advance our strategy focused on innovative marketing services and integrated payment services that drive meaningful customer engagement across all channels including digital, phone, and print.”
“It is a pleasure to join the OSG family,” added Harris. “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.”
The sale is subject to customary closing conditions, including the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close by the end of 2018.
OSG provides outsourced omnichannel billing and payment solutions, offering a full suite of integrated customer communications and engagement solutions that transform the way our clients reach their customers.
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