Virrtue, a Texas-based finance and accounting business process outsourcing (BPO) company, announced its acquisition of Virgate, a technology-driven accounting services firm based in Gloucester, England.
This move is set to enhance Virrtue’s technological capabilities and expand its footprint in the UK and European markets.
Arvind Perumbala, Senior Vice President at Virrtue, highlighted the strategic alignment of the acquisition, stating:
“Virgate sets itself apart with exceptional, end-to-end accounting services through workflow-driven technology platforms, enabling businesses of all sizes to focus on their core operations. Virrtue’s robust technology platforms can now bring even more value to our clients.”
Sarah Travell, Founder & CEO of Virgate, expressed her enthusiasm about the integration into Virrtue.
“Virgate perfectly fits Virrtue’s philosophy of continuous innovation,” said Travell, adding that joining Virrtue will provide a tremendous boost to the company’s capabilities at this stage of its journey.”
Virgate will continue to operate under its own name in the UK as a subsidiary of Virrtue, which will maintain its focus on expanding its client base in the United States.
The acquisition, advised by Novistra Capital, positions both organizations for unprecedented growth in their respective market sectors due to Virrtue’s highly advanced technology portfolio.
Virrtue is a finance and accounting business process services company focused on delivering transformational end-to-end accounting services across various sectors including healthcare, property management, real estate, hospitality, and oil and gas in the United States.
The company, a subsidiary of Access Healthcare, operates primarily from Chennai, India, and is part of a larger organization that employs over 27,000 people across service delivery centers in the US, India, and the Philippines.
Virrtue leverages global delivery, workflow optimization, and a proprietary AI-enabled automation platform to bring value to its clients.
Virgate, on the other hand, is a preferred partner for small and medium enterprises in the UK, providing bespoke finance and accounting services to over 50 clients in sectors such as food services, retailing, and hospitality.
