Chennai, Apr 30: 3i Infotech, a global information technology company, today announced it has signed an agreement to acquire Regulus Group LLC (Regulus). Regulus was the largest independent remittance provider and one of the leading providers of document (bills) processing services in the US addressing the full document lifecycle from print and electronic bill presentment to remittance, a company release here today claimed.
Under the terms of agreement, 3i Infotech has proposed to acquire 100 per cent of Regulus, including the company's products, trademarks and product brands. Regulus' blue-chip client base includes one of every three Fortune 50 companies and has clients in the insurance, finance, telecom, utilities and healthcare sectors.
Mr Richard Long, the current CEO will step down and Ms Kathleen Hamburger, current President and Chief Operating Officer, would assume his role.