3i Infotech to Acquire J.P.Morgan Treasury Service

by CXOtoday Staff    Apr 28, 2009

3i Infotech has entered into an agreement with JP Morgan to acquire J.P. Morgan Treasury Services national retail lockbox business, which will be integrated into Infotech’s subsidiary — Regulus Group.

Regulus is an outsourced remittance-processing provider in the U.S.

"For 3i Infotech and our Regulus subsidiary, this agreement is ultimately about helping our customers achieve greater operational efficiencies and drive value within the revenue chain," said Kathy Hamburger, CEO and president of 3i Infotech North America

Financial details of the deal were not made available.