OUTSOURCING Inc. who recently acquired Hito and its sister company JBW in a deal valued at over £24 million, has increased its investment in Hito as part of its strategy to expand into the UK Fintech Sector.
The additional investment is designed to secure Hito over the next 24 months as it builds and expands its UK business both organically and through acquisition.
Jamie Waller, founder and CEO of Hito commenting on the increased investment said:
“The long term investment made by OUTSOURCING Inc. demonstrates their confidence in Hito and its new management team at this very early stage of our business development. This secured investment gives us greater freedom to exploit opportunities as they present themselves and to ensure the quality of product and service we are able to provide to our customers.”
Mr. Haruhiko Doi, founding shareholder, Chairman and CEO of OUTSOURCING Inc., said,
“We are very excited to expand our global outsourcing capabilities into the debt recovery sector. Hito is a fantastic business that will play an important role in the UK economy and we will continue to support the incumbent management team to continue the great work they have already done.”
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, Cambodia, Australia, India, the UK, Belgium and Chile. In 2015, the company’s revenues are in excess of US$ 0.7 billion. OUTSOURCING Inc. is listed on the 1st Section of Tokyo Stock Exchange and has a market capitalization in excess of US$ 0.5 billion.