SOURCECORP, Incorporated Completes Its Previously Announced Merger with HOV Services

DALLAS, May 2, 2011 /PRNewswire/ -- SOURCECORP,  Incorporated, a leading provider of business process outsourcing (BPO) and Knowledge Process Outsourcing (KPO), today announced that it has completed its previously announced merger with HOV Services.

Mr. Ed H. Bowman, Jr., President and CEO, commented, "We are excited to complete this step in SOURCECORP's evolution and we look forward to working with the combined talent from both organizations to grow the company into the future."

Combined, the company, with approximately $480 million of revenue, is one of the largest pure play BPO and specialty consulting companies in the industry, serving customers in more than half of the Fortune 100® with deep domain expertise, including applications for Healthcare Payers and Providers, Finance and Banking, Public Sector, Publishing, Legal, Insurance, Manufacturing and Commercial industries, including specialized consulting services for construction management, tax benefits, legal claims settlements and economic consultancy.  With the combination, the company's global workforce is now more than 14,200 employees operating from approximately 80 delivery centers in 6 countries including the U.S., Mexico, Canada, India, China and the Philippines.

Mr. Bowman also said, "We are also announcing the new name of the combined enterprise, SourceHOV, which reflects the union of our two companies and its expanded capabilities."

About SOURCECORP®

SOURCECORP, Incorporated provides business process outsourcing solutions and specialized high value consulting services to clients throughout the U.S.  SOURCECORP leverages deep horizontal process knowledge into information-intensive industries including commercial, financial, government, healthcare, and legal.  Headquartered in Dallas, SOURCECORP serves clients throughout the United States through a network of locations in the U.S., Mexico and India.

For more information about SOURCECORP's solutions, including case-study examples, visit the SOURCECORP website at www.sourcecorp.com.

The statements in this press release that are not historical fact are forward-looking statements that involve risks and uncertainties, which could cause actual results to differ materially from such forward-looking statements.  

SOURCE SOURCECORP