New York, NY, July 19, 2017 — eClerx LLC is pleased to announce the acquisition of TwoFour Consulting, a strategic and tactical consulting partner for banks, brokerages, hedge funds, and asset managers.
Since 2000, eClerx Markets, a division of eClerx LLC, has provided process management solutions for the financial services industry. These services are delivered both on and offshore and include full time staff, consultants, technology and workflow solutions for clients. eClerx Markets’ areas of expertise encompass: OTC and cleared derivatives, billing & brokerage, KYC, FIU, and client on-boarding, reference data management, legal documentation, tax form management, middle office support, settlements, corporate actions processing, loans processing, as well as securities lending.
According to Steve Vena, Global Head of eClerx Markets, “Combining TwoFour with eClerx Markets dramatically expands our onshore presence, while also further developing our domain expertise in key areas such as FX, prime services, wealth, risk and portfolio management. TwoFour’s years of onshore project and solution experience, coupled with eClerx’s offshore project management and delivery expertise, provides a more comprehensive solution to our clients.”
TwoFour is excited to introduce it’s integrated strategies that maximize productivity, improve efficiency and sharpen competitiveness, to eClerx’s client base, states John Flowers, CEO , TwoFour Consulting. This acquisition highlights eClerx Markets’ commitment to provide world class process management, re-engineering, governance, reporting, analytics, automation and consulting services to our global customers which operate in numerous locations.
eClerx provides critical business operations services to over fifty global Fortune 500 clients,including some of the world’s leading companies across financial services, cable & telecom,retail, fashion, media & entertainment, manufacturing, travel & leisure, software and high-tech. Incorporated in 2000, eClerx is one of India’s leading process management and data analytics companies and is today traded on both the Bombay and National Stock Exchanges of India. eClerx employs 9,000 people across its global sites in the US, UK, Italy, Germany, and Singapore, along with its delivery centers in India and Thailand. For more information, please visit www.eClerx.com
About TwoFour Consulting
TwoFour Consulting provides comprehensive strategy and application development and delivery using its deep domain expertise and technology leadership. TwoFour Consulting enables firms to achieve operational excellence, reduce risk and drive down costs. Its experienced consultants help firms develop and optimize technology strategies and meet stringent regulatory demands. TwoFour Consulting delivers trusted, tailored advice and consultancy to financial services organizations, enabling them to stay ahead of a rapidly evolving global market.