Transworld Systems Inc. Acquires Altisource Portfolio Solutions S.A.'s Financial Services Business

March 29, 2019

Transworld Systems Inc. (TSI) agreed to acquire Altisource Portfolio Solutions S.A.'s Financial Services business, including Nationwide Credit, Inc. (NCI), for $44 million. The deal (a carve-out/divestiture) expands TSI's accounts receivable management and customer-relationship-management capabilities and grows its global operations (U.S., India, Philippines), adding approximately 2,300 employees.

Buyers
Transworld Systems Inc. (TSI)
Targets
Altisource Financial Services business, Nationwide Credit, Inc. (NCI)
Sellers
Altisource Portfolio Solutions S.A. (subsidiaries)
Location
Arizona, United States
Transaction Type
Buyout

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