Sunday, May 27, 2012

News: Parseq jobs boost


Parseq, the technology-led Business Process Outsource (BPO) provider with a large facility in Rotherham, is to create hundreds of new jobs as the business expands.

The company specialises in mobile and online banking software and technology-led outsourcing services and was created in a successful reverse takeover by Rami Cassis and Rotherham-based BPO provider, Documetric in 2010.

The new company underwent a successful £33m management buy out concluded earlier this year led by Cassis, together with Nova Capital and funds managed by HarbourVest Partners, LLC.

Now plans have announced to create up to 300 new jobs in the next three years. The majority are expected be at their facility at Hellaby where more than 100,000 payment transactions are processed daily. With an annual transaction value in the region of £25 billion, the company's expertise is used to pay over 8% of the UK workforce.

Parseq are the preferred supplier of BACS electronic fund transfers, remittance processing and voucher processing services to a number of high street banks. They also handle applications, subscription payments and validation of membership information for a number of major firms. Clients range from Barclays and British Gas through to Lloyds, Orange, RBS and Virgin Media.

Jobs will include sales and customer service agents, team leaders and line managers, who will be employed through Dinnington-based St Omer Recruitment.

Annual profits at Parseq grew by 77.62% from £1.3m in 2008 to £4.2m in 2010.

Parseq website

St Omer Recruitment website

Images: Parseq


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