The global outsourcing group, Outsourcing Inc., has today reached agreement to increase to 100% its ownership of Hito, a provider of Fintech solutions to the credit and debt industries.
Outsourcing Inc. has today acquired the remaining shares it did not already own in Hito from Jamie Waller, the founder and CEO, in a transaction which values Hito at over £9 million. Hito was founded in 2016 to leverage cloud based technology to deliver smart solutions for clients in the credit and debt industries. It has built a strong brand in the Fintech sector and assembled an industry leading team which has been shortlisted for a number of high profile contracts.
Hito was jointly established by Jamie Waller and Outsourcing Inc to capitalize on these opportunities but both parties recognize that with the rapid progress already achieved, further development can be optimized by becoming a wholly owned subsidiary of Outsourcing which also owns a number of other UK assets including Liberata UK, JBW Group, Allen Lane Consulting and NTrinsic.
Jamie Waller, Ex Chief Executive : 0044 7779 714 390
Notes to editors:
Outsourcing Inc. is a Japanese multinational company headquartered in Tokyo and engaged in providing outsourcing services globally. Outsourcing Inc. has a strong network in Japan and operations in China, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Australia, India, the UK and Belgium. In 2016, the company’s revenues are in excess of US$ 1.4 billion. Outsourcing Inc. is listed on the 1st Section of Tokyo Stock Exchange and has a market capitalization in excess of US$ 0.6 billion.