Virrtue, a rapidly growing finance & accounting BPO company, Acquired tech-driven accounting services company Virgate. Headquartered in Gloucester, England, Virgate is a trusted partner to businesses across the UK and Europe.
The deal’s total value was not made public. As a subsidiary of it, Virgate will continue to conduct business in the UK under the same name following the acquisition. Virrtue will keep its attention on its expanding US market.
It’s portfolio of cutting-edge technologies positions both companies for expansion in their respective industry segments. Virrtue will keep its attention on its expanding US market.
Read also – [Funding News] NYC-based Authentic Secures $11Million in Series A Round Funding
Under the direction of CEO and founder Sarah Travell, it provides financial and accounting services to more than 50 clients in the food services, retail and hospitality industries. Virgate works with small and medium-sized businesses in the UK. Their system facilitates comprehensive performance analytics and quick and accurate financial reports to support regulatory compliance.
Virgate will operate under the same business name in the UK, as a subsidiary of Virrtue. It will continue to focus on its growing clientele in the United States. The highly advanced technology portfolio owned by it’s positions both organizations for unprecedented growth in their respective market sectors. Novistra Capital was the financial advisor for Virrtue in the transaction.
Arvind Perumbala, Senior Vice President, Virrtue said “Virgate sets itself apart with exceptional, end-to-end accounting services through workflow-driven technology platforms, enabling small, medium, and large businesses to focus on their core business. It’s strong technology platforms can help bring even more value to clients. I am excited to partner with Virgate to develop innovative offerings, continue to deliver exceptional services and to grow our footprint in the UK and Europe.”
Sarah Travell, Founder & CEO of Virgate said “Virgate perfectly fits Virrtue’s philosophy of continuous innovation. Leveraging our expertise and best practices, we’ve crafted effective solutions for our varied clients with advanced technology. Joining Virrtue will provide a tremendous boost to our capabilities at this stage of our journey.”
About Virrtue
Virrtue is a Finance and Accounting business process services company focused on delivering transformational end-to-end accounting services to clients across Healthcare, Property Management, Real Estate, Hospitality and Oil and Gas domains in the United States. The company’s primary delivery centers are located in Chennai, India.
About VIRGATE
Virgate is a preferred partner to UK’s small and medium enterprises, delivering bespoke finance and accounting services to over 50 clients in food services, retailing, and hospitality. Their cutting-edge technology enables swift and accurate financial reports to aid regulatory compliance and in-depth performance analytics.
