KINXX PR has provided interview and writing services with regards to the following press release (English and Dutch) for Transparent, a company headquartered in Amsterdam, the Netherlands, with operations in several key European capitals, USA, South Africa and India.
PRESS RELEASE
Global Data Mining and Recovery Audit Company, Transparent BV, Acquired by Private Investment Consortium
Amsterdam, the Netherlands, 30 August 2016 – Transparent, specialized in data mining and recovery audit services, announces it has been acquired by Transparent Services BV – a newly established entity owned by investors with a background in Investment Banking and Private Equity. The acquisition is part of Transparent’s effort to bolster its global reach, commencing the company’s next phase of development. The immediate appointment of two financial industry veterans to its newly established Non-Executive Board of Directors further enhances these efforts.
Transparent, founded in 2000 and headquartered in Amsterdam, the Netherlands, has its operations in several key European capitals, USA, South Africa and India. The global services provider utilizes proprietary data mining technologies and accompanying recovery audit services to transform clients’ financial data into unexpected revenue.
Transparent’s reputation as a fast growing global data mining and recovery audit service provider has been recognized by Deloitte twice, in the Technology Fast500™ EMEA (2013) and Technology Fast50™ (2011). The company’s customer base across 5 continents includes well-known brand names such as Vodafone, New York University, Dannon, AVON, Pearson, IKEA, KLM, KPN, Henkel, ABN AMRO, Yahoo, Whirlpool, and DHL.
“The patented recovery audit technology combined with a highly skilled audit staff and an impressive global customer base makes the Transparent business set for growth over the next decade,” says Ian Kantor, member of the Non-Executive Board of Directors of the newly formed entity.
The newly established company, Transparent Services BV, will acquire the Transparent business. With the sale of the business the founder has decided to leave. The acquisition has an effective date of 24 August 2016. Financial details of the acquisition were not disclosed. The private investment consortium’s initial objective is to further develop the company at a natural pace while establishing a future-proof governance structure able to strengthen the company’s global potential.
Willem-Jeroen Stevens, founder of Transparent: “This is the next phase for Transparent. With this international group of investors, Transparent will be able to grow to the next level of global development. I am honored by the strength of this investment group and I am confident that this is the best next step for Transparent.”
Non-Executive Board of Directors
To provide a solid foundation for further global development and growth, Transparent Services B.V. will immediately establish a Non-Executive Board of Directors as an addition to the company’s current management structure and organization. The financial industry veterans who will join this Non-Executive Board of Directors include Ian Kantor and Jason Carley.
Non-executive board member, Ian Kantor, is an international business banker with a long-standing history in achieving solid entrepreneurial results – with entrepreneurial successes like the international Investment & Asset Management Group Investec listed in London and Johannesburg and the Netherlands-based business bank Insinger de Beaufort among his achievements.
Jason Carley
Non-executive board member, Jason Carley, is Chief Investment Officer and Portfolio Manager of the European Opportunities Fund at RiverRock. He also holds a partner position at Watling Street Advisors LLP. Previously, Mr. Carley held a variety of executive leadership positions globally – in Sydney, Hong Kong and London – at companies including Merrill Lynch and BlueMountain Capital Partners.
European Market
Through the use of proprietary data mining software tools and accompanying services, Transparent creates value out of its clients’ raw data by discovering and recovering vendor overpayments, duplicate payments, tax credits, open credits and unclaimed property.
“The patented recovery audit technology combined with a highly skilled audit staff and an impressive global customer base makes the Transparent business set for growth over the next decade,” says Ian Kantor, member of the Non-Executive Board of Directors of the newly formed entity. “Unlike the U.S., the market in Europe for recovery audit services is still an underdeveloped area. We expect the company to increase its market share in the years to come, allowing an expanding number of companies to benefit from recovering lost revenues while optimizing their financial systems, processes and identifying control weaknesses.”
The newly established Non-Executive Board of Directors in joined cooperation with the existing management team will lead the company into its next phase of global development.
“As the company’s founder, Willem-Jeroen Stevens did an excellent job in building the Transparent business and its loyal global customer base with organizations including multinationals, universities, hospitals, banks and enterprises within a variety of vertical markets,” adds Mr. Kantor. “He had a strong vision when it comes to creating the right technology to make a difference in delivering recovery audit services. The new owners will build on this vision while enabling the company to enter its next phase of global development.”
About Transparent
Founded in 2000, Transparent creates value out of its client’s raw data by discovering and recovering vendor overpayments, duplicate payments, tax credits, open credits and unclaimed property. Transparent’s achievements in the industry have been recognized by Deloitte twice, in the Technology Fast500™ EMEA (2013) and Technology Fast50™ (2011).
Headquartered in the Netherlands, Transparent has its operations in several key European capitals, USA, South Africa and India. Transparent has processed over € 3 Trillion in spend data to date. For more information visit: www.transparent.eu or www.transparentusa.com.
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Passionate People; Superior Software; Revolutionary results;
For more information:
Eric van Marle (VP Global Sales & Marketing)
eric.vanmarle@transparent.eu
T: +31 (0)6 13 53 39 58
