Firstsource Solutions Limited, a global provider of business process management (BPM) services and a RP-Sanjiv Goenka Group company, announced it has entered into an agreement to acquire American Recovery Services, Inc. (ARSI), a nationwide legal collections network headquartered in Southern California.
The acquisition enhances Firstsource’s leadership in consumer debt management services by adding legal stage collections capabilities, according to the company’s statement.
By adding ASRI’s deep domain expertise to their portfolio of services, Firstsource will now be able to help clients navigate the more complex legal collections process, all from under one roof, it added.
“Firstsource is a leader in consumer debt receivables management and the acquisition of ARSI adds a topnotch legal network; we can now provide a broad platform and one-stop shop to large financial institutions and the burgeoning fintech market. We are delighted to welcome ARSI to the Firstsource family,” said Vipul Khanna, MD & CEO of Firstsource Solutions.
“This acquisition expands our ‘Digital First, Digital Now’ strategy,” said Arjun Mitra, president of global collections at Firstsource Solutions. “Integrating legal experts from the ARSI network throughout the US will create synergies with our best-in-class digital technology that simplifies complexities across our different business lines.”
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