Liberata acquired by Outsourcing Inc
Endless announces that its investment Liberata has been sold to Outsourcing Inc for an equity value of £43m. Charlie Bruin, CEO of Liberata, will continue to lead the company and its strategy of leveraging innovation and automation in delivering public sector services.
Liberata has been providing services to the public sector for more than 40 years with over 120 clients and is one of the UK’s leading providers of business process outsourcing (BPO) and on-demand, digital and transaction services through its CapacityGrid and Liberata Automation Services brands.
Endless acquired Liberata in 2010 as part of a buy-out led by Dermot Joyce and his management team. Since then Liberata has developed into one of the UK’s leading business process service companies.
James Woolley, partner at Endless said;
“The sale of Liberata brings to an end a successful five year association with the company. In that time we have seen the business develop new revenue streams, such as Capacity Grid and Automation Services, as well as grow its BPO operations. We leave Liberata with many strong growth opportunities and we wish Charlie and OSI all the very best for what should be a very bright future.”
Charlie Bruin said;
‘Following a formal process to find the right strategic buyer for Liberata I am thrilled that we are joining a group that really understands our business and has big ambitions to grow the company in the UK. OSI brings a wealth of experience and resources that will greatly assist Liberata to win new business and to continue to delight its clients. There are great opportunities in the rapidly growing business process-as-a-service and technology platform-based BPO markets and Liberata is extremely well positioned to exploit both, now backed by an international scale player.’
Mr. Haruhiko Doi, founding shareholder, Chairman and CEO of OUTSOURCING Inc., said,
“Liberata is one of OSI’s largest acquisitions to date and a hugely important investment in the UK for the group. Liberata is a highly reliable and trusted public sector services company and with OSI’s backing is now extremely well placed to significantly grow in its core markets. We are backing the existing management team and believe there are great opportunities ahead for the company.”