Virrtue acquires UK accounting firm Virgate
TEXAS, UNITED STATES — Dallas-based finance and accounting business process outsourcing (BPO) firm Virrtue has acquired Virgate, a tech-driven accounting services company headquartered in Gloucester, England.
The acquisition allows Virrtue to expand its footprint into the United Kingdom and European markets while continuing to serve a robust clientele in the United States.
Synergistic partnership for enhanced offerings
Arvind Perumbala, Senior Vice President of Virrtue, emphasized the complementary nature of this partnership, stating, “Virgate sets itself apart with exceptional, end-to-end accounting services through workflow-driven technology platforms, enabling small, medium, and large businesses to focus on their core business.”
“Virrtue’s strong technology platforms can help bring even more value to clients. I am excited to partner with Virgate to develop innovative offerings, continue to deliver exceptional services and to grow our footprint in the UK and Europe,” he added.
Sarah Travell, Founder and CEO of Virgate, meanwhile said, “Virgate perfectly fits Virrtue’s philosophy of continuous innovation. Leveraging our expertise and best practices, we’ve crafted effective solutions for our varied clients with advanced technology. Joining Virrtue will provide a tremendous boost to our capabilities at this stage of our journey.”
Complementary offerings of Virrtue and Virgate
Virrtue, a subsidiary of Access Healthcare, delivers transformative accounting services across multiple sectors including healthcare, property management, real estate, hospitality, and oil and gas. With delivery centers in Chennai, India, and a workforce of over 27,000 across the U.S., India, and the Philippines, Virrtue leverages AI-enabled automation platforms to optimize workflow and service delivery.
Meanwhile, Virgate provides tailored financial and accounting services to over 50 clients in the UK, primarily within the food services, retailing, and hospitality sectors. Their technology-driven approach ensures rapid and precise financial reporting, aiding regulatory compliance and performance analytics.
Virgate will retain its brand and continue operations in the UK as a subsidiary of Virrtue. The transaction, advised by Novistra Capital, ensures that Virrtue’s advanced technology portfolio and Virgate’s specialized services will synergize to create enhanced value for their clients.
