If your company's business process needs a boost, turn to SourceHOV. Formerly SOURCECORP, the company is a business process outsourcing and consulting firm that provides information management, tax services, and legal consulting to clients from a range of industries. It also has expertise in class action settlement administration, consulting related to employment matters, and consulting for healthcare providers. In 2011, the company (then called SOURCECORP) was acquired by India-based HOV Services Limited and rebranded under the SourceHOV name. Combined with its new parent, it operates more than 80 locations throughout six countries (Canada, China, India, Mexico, the Philippines, and the US).
Parent company HOV Services is a provider of business process outsourcing (BPO) services such as accounts payable and receivable, employee screening, collection management, insurance claims processing, loan processing, and other related services. SOURCECORP was combined with its HOV Services LLC indirect subsidiary. Shareholders of HOV Services LLC and the former SOURCECORP each control 50% of the new company. The HOV acquisition expanded the customer pool, capabilities, and global reach of the firm.
SourceHOV's operations include Minneapolis-based subsidiary Rust Consulting, which provides technology and consulting services to the legal industry. In 2011 Rust entered the bankruptcy administration services market through the acquisition of Omni Management Group, a Los Angeles and New York-based bankruptcy administration services provider. Rust was founded in 1976 and acquired by SourceHOV in 1999. – less