PSC Info Group, a Valley Forge, Pa.-based provider of data management, document and mailing technology and online solutions, today announced it has acquired the data processing, printing and mailing unit of North Shore Agency Inc. (NSA) of Long Island, N.Y.
NCO Group Inc., North Shore Agency's parent company, will retain the debt collection unit, according to the company. As part of the transaction, PSC has executed an exclusive, long-term document outsourcing and letter processing agreement with NCO.
"The addition of the North Shore Agency business will enhance PSC Info Group's service offering to our valued customers, and will increase our market share in cable, telecommunications, media, publishing, health care and financial services markets," Joseph J. Greco, PSC's CEO, said in a news release.
"Most importantly, the acquisition will enable us to leverage the scale and synergies of our businesses and spread our capital and technology investments over a broader base, while providing the most cost-effective value-added solutions available," Greco said.
Michael J. Barrist, NCO chairman and CEO, said the company has enjoyed a long-term relationship with PSC and is pleased the transaction could be completed. "This transaction allows NCO to focus on our core BPO competencies of accounts receivable management and customer relationship management," he said.