BPO Deal: H-Cube and Zenta Acquire Global Realty Outsourcing

GTCR Golder Rauner LLC (GTCR) announced today that H-Cube LLC (H-Cube), in conjunction with its Zenta subsidiary, has acquired Global Realty Outsourcing ("GRO"), a leading business process outsourcing (BPO) company specializing in the real estate and mortgage industries. H-Cube was formed in January 2005 by GTCR in partnership with Henry Hortenstine, a former executive vice president of Affiliated Computer Services (ACS), a Fortune 500 global BPO company. In May 2005, H-Cube acquired Zenta, a rapidly growing BPO firm which provides a wide range of outsourcing services to the financial services industry and has operations in Wayne, Pennsylvania and Mumbai, India.

GRO, which has over 800 employees, delivers a variety of high-end data and analytical services to the residential and commercial real estate industry. GRO's current services include master and primary mortgage servicing, cash flow modeling, lease abstraction, loan underwriting, real estate accounting and mortgage due diligence. GRO has operations in Stamford, CT, Charlotte, NC and Chennai, India. Nick Laird, GRO's founder and chief executive officer, and Steve Jones, GRO's president and chief operating officer, will continue to manage the business and report directly to Mr. Hortenstine, chief executive officer of H-Cube.

"GRO is a terrific complement to the services provided by Zenta and H-Cube. The company has been very successful to date and we are thrilled to be partnering with Nick and Steve to continue growing the business," said Henry Hortenstine. "We appreciate GTCR's support as we continue to build a leading global business process outsourcing provider."

"The acquisition of GRO provides a wealth of opportunity for Henry and his team. The combination of Zenta's strong capabilities with GRO's high-end analytical services allows H-Cube to offer a broader suite of services to its customers. Both businesses have demonstrated strong growth and we are very enthusiastic about the prospects for bringing them together," commented GTCR Principal Collin Roche.

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