SourceHOV Holdings Inc.
On November 4, 2014, SourceHOV Holdings Inc. (SourceHOV), completed the merger with BancTec Group LLC, creating one of the largest Transaction Processing Solutions ("TPS") solution and service provider.
On March 19, 2013, Citi Venture Capital International ("CVCI Private Equity") invested in the SourceHOV as a new equity partner wherein CVCI Private Equity purchased all of the ownership interests of affiliates of Apollo Global Management, LLC ("Apollo") and certain minority holders' in SourceHOV.
On April 29, 2011, HOV Services Limited completed the merger of its indirect subsidiary HOV Services LLC with SOURCECORP, Inc., a portfolio company of Apollo Management V, L.P. The merged entity called SourceHOV LLC ("SourceHOV"), reflects the union of the two companies and their collective and expanded capabilities.
HOV ENVIROMENT SOLUTIONS PRIVATE LIMITED:
In November 2011, HOV Environment Solutions Private Limited (the "HOV ESPL") was set up as an indirect subsidiary of the Company. HOV ESPL has undertaken business development in environmental protection industry. HOV ESPL aims to design and develop advanced solutions for solving problems related to erosion control, soil stabilization, environment conservation and construction in infrastructure projects related to conservations, as well as in the application sectors of roads, railways, rivers, channels, landfills, coastal protection & civil construction. We believe that opportunities in the environmental protection space, more specifically in the area of coastal protection, are both prominent and promising.