Transworld Systems Inc. Completes Acquisition of Account Control Technology Holdings, Inc., Solidifying the Company’s Position as the Largest Accounts Receivable Management (ARM) Company in the United States
LA FOREST DU LAC, Ill., June 4, 2021 / PRNewswire / –Transworld Systems Inc. (TSI), America’s leading provider of accounts receivable management (ARM) technology solutions, today announced that it has completed the acquisition of Account Control Technology Holdings, Inc. ( ACT Holdings), a leader in debt collection, ARM and business process outsourcing. Terms of the transaction were not disclosed.
“Scale matters, and our acquisition of ACT Holdings will further strengthen our position as the largest debt collection and management company in United States, enabling us to make additional investments in people, technology and compliance and to strengthen our position as an industry leader, ”said TSI CEO Joe laughlin. “The addition of ACT Holdings will significantly increase our first party collection and customer service activities and expand our healthcare revenue cycle management service offerings. We are delighted to welcome ACT Holdings customers and employees to the TSI family.
About Transworld Systems Inc.
TSI is the leading technology provider of accounts receivable management (ARM) solutions in United States. The Company’s solutions include debt collection, customer relationship management and business process outsourcing. Additionally, TSI owns UAS, a technology-based senior loan manager for student loans. TSI sets itself apart with its collections analysis, digital collections technology, global scale and compliance management system. Its clients include Fortune 100 companies, financial institutions, hospitals, government agencies, property managers, and small and medium businesses. To learn more, please visit tsico.com.
Transworld Systems Inc.
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SOURCE Transworld Systems Inc. (TSI)