PBO House, a company involved in business process outsourcing activities, successfully completed the first development stage and acquired BPT Paslaugos, a company providing accounting and payroll services.
According to Žydrūnas Matuzas, director of BPO House, acquisition of BPT Paslaugos has expanded the company‘s services in a very important field. “Accounting services were necessary for most of our clients”, said Mr Matuzas. Quality services, advanced IT tools and the merger of two strong teams will strengthen company’s position in the market.
BPO House employs 16 people. The company provides accounting, payroll, personnel administration, personnel search and selection and office supply management services. Last year revenue from these activities amounted to LTL 4.2 million.
In this deal Prime Investment was acting as exclusive strategic and financial advisors to BPO House and was responsible for target financial and operational valuation, took active role in negotiations and ensured a smooth acquisition process.
