Monday, March 3, 2014

News: Parseq goes for growth

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Rotherham-headquartered business process and technology specialist, Parseq, has appointed a new chief financial officer to spearhead growth.

Based at Hellaby, Parseq specialises in mobile and online banking software and technology-led outsourcing services.

Theresa Spencer (pictured, left), previously spent 12 years at Fellowes Europe, a leading global office products manufacturer where she was initially responsible for the financial stewardship of a £120m pan-European operation. She also worked on forward facing international financial strategy in her subsequent role as head of commercial finance Europe at Fellowes until joining Parseq in December 2013.

The qualified chartered accountant, who heads a department of 13 at Parseq, said: "The outsourced services market is growing and there is significant potential for future organic and acquisitive growth.

"Parseq has fundamentally very strong financial foundations. The challenge is to build on that, maximise financial efficiency and create an optimum profit profile that is robust and scaleable. I'm excited to be joining the dynamic and experienced senior management team."

Derwyn Jones, CEO at Parseq, added: "We will be relying on Theresa's considerable experience for sustainable growth but also to meet next year's target of 45 per cent growth in profit."

Parseq was created via a successful reverse takeover by Rami Cassis and Rotherham-based BPO provider, Documetric in 2010. It process over 75,000 items of correspondence a day and the Hellaby facility provides BACS electronic fund transfers, remittance processing and voucher processing services to a number of high street banks and is also home to a 12,000 sq ft data centre that opened in 2011.

The purpose built site meets international banking standards and is flood proof, earthquake proof and benefits from 24/7 security and back-up generators.

Mark Field (pictured, right) has been brought in from Capita to head up outsourced IT and data centre sales. He said: "The infrastructure in Yorkshire offers world-wide links through London and Manchester at half the cost of a data centre in London.

"It's suitable for SME's who want security for their IT infrastructure without the cost of updating their own premises and international banks looking for off-site back up facilities to meet their business continuity requirements."

Vincent Smallhorne, sales and marketing director at Parseq, added: "Our strategy is to provide joined up outsourcing services to help businesses manage every aspect of the customer lifecycle and their infrastructure.

"Our data centre in Yorkshire is a key part of our outsourced IT proposition. Mark has a heritage in large scale infrastructure projects and key to delivering a client-centric approach to new business acquisition."

Parseq website

Images: Parseq

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