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CHARLOTTE, NC - April 14, 2003 - Ephinay (pronounced "F&A"), a finance and accounting business process outsourcing (BPO) firm, announced today that it had acquired all the outstanding stock of Core3, Inc., a Phoenix-based BPO. Core3 will adopt the Ephinay brand and become known as its Phoenix Service Center - which will complement Ephinay's existing Gurgaon Service Center (Gurgaon is a high-tech suburb of Delhi, India) - establishing a global delivery model for service. As a result of the transaction, Ephinay also gains several customers under long-term outsourcing contracts, other consulting clients, and an experienced and a talented team of outsourcing professionals. This Phoenix Service Center will be managed by Gregg Scoresby, founder and CEO of Core3, who will also become Ephinay's Executive Vice President of Client Services.
"In a short period of time Gregg Scoresby has built a solid outsourcing operation that makes Ephinay's quest for industry leadership all the more credible," said Michael D. Gantt, President and Chief Executive Officer of Ephinay. "Not only will Gregg's team be able to provide customer value through our Phoenix Service Center, he himself will apply his considerable expertise and energy to seeing that we are customer-centric in every part of our company."
"This combination creates new opportunities for our employees, our current customers, and our future customers," said Gregg Scoresby. "As part of Ephinay, we now have the ability to deliver a US, off-shore, or blended delivery model depending on customer processing requirements and preferences. That is truly unique in the marketplace today." |
