Echo Managed Services acquires London based debt collection agency Inter-Credit International

Echo Managed Services, the leading customer services and billing software provider to UK utilities and public sector announced it has acquired London based debt collection agency, Inter-Credit International.

Phil Newland, Echo’s Managing Director commented that acquiring a debt business was one of the firm’s key priorities for this financial year. Newland reiterated the investment marks an important milestone as Echo welcomes the Inter-Credit team to Echo.
 
Inter-Credit is an excellent strategic fit for Echo and will further strengthen Echo’s debt collection offering, he said. Echo will leverage on Inter-Credit’s decade’s worth of experience in credit management and debt collection, said Newland.

Inter-Credit has over 40 years experience in credit management and debt collection and specialize in UK and worldwide account collection, sales ledger management, tracing services and status reporting. Inter-Credit provides exceptional collection services for both consumer and commercial clients including governmental agencies, water utilities, publishing, manufacturing and financial services.

Echo provides customer process management services for UK and Ireland regulated organizations. A wholly owned subsidiary of South Staffordshire Plc, the firm has around 500 employees at shared service centres in the Midlands and Northern Ireland. Echo has embarked on a mission to reinforce its position as a customer's most trusted partner by continually delivering service improvements and releasing efficiency savings.

The firm is a mid-sized service provider with a highly focused sector and service specialty. Echo recently received the first ever Progress Software ‘Rising Star’ award for its market leading billing and customer care system, RapidXtra. The annual award recognizes the top Independent Software Vendors (ISVs) from around the world for their outstanding dedication to building innovative solutions using technologies such as the Progress OpenEdge and OpenEdge BPM platform.

Today's generation of Echo's service offerings and strategic focus represents the culmination of over a decade's evolution and development. Most recently, Echo has been able to respond to growth by transforming the business structure and strategy, including significant strengthening of the management team, further aligning its operations and services with the needs of regulated industry.

The firm has been instrumental in the provision of services to the UK’s regulated organizations. Although its roots are firmly planted in the water industry, Echo has also been involved in significant 'outbound' telemarketing and cross-selling activities serving a diverse range of sectors, such as: charities, financial, home shopping and telecoms. In recent years substantial growth has enabled Echo to become a specialist in purely regulated industry services.

4th April 2011