News

16/10/2014

Pinpoint Recovery Services, Inc. Acquired by Transparent Group BV

Amsterdam (NL) / Stamford, CT (US), 16 October 2014 – Transparent Group BV (Transparent), headquartered in the Netherlands, announces the completion of the acquisition of Pinpoint Profit Recovery Services, Inc. (Pinpoint).

The two US divisions, Pinpoint and Transparent USA including the US shared service centre will be merged, into Transparent USA to forge a data mining company with a strong US presence. Transparent’s global reach, advanced proprietary and innovative software tools combined with Pinpoint’s knowledge and in depth understanding of the local US market will be of benefit to all clients.

“In Pinpoint we have found a partner we can work with in the long term. Together we will create an organization that combines the best people with the most advanced technology,” Willem-Jeroen Stevens, CEO at Transparent, comments. “By integrating the two US divisions we shall create something truly unique within the financial services market.”

“By combining Transparent and Pinpoint we have succeeded in merging the very best of two firms,” Bob Lovallo, CEO at Pinpoint, describing the deal. “Transparent’s global reach, advanced analytical instruments and highly efficient processes blend in perfectly with Pinpoint’s expert auditors and wide range of services.” Kevin Moonan, COO at Pinpoint adds: “Our customers also stand to realise substantial benefits as this merger provides the opportunity for cashing in recovery options, ensuring increase in turnover and a stronger liquidity position.”

About Transparent
Through the use of proprietary and innovative software tools, 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 deploys continuously evolving technology, best-in-class service and international experts to optimize its clients' efficiency, processes and financial strength.

By continuously empowering its clients to achieve their maximum potential, Transparent has established its reputation as one of the fastest growing global data mining and recovery audit service providers in the industry. Transparent’s achievements have been recognized by Deloitte twice, in the Technology Fast500™ EMEA (2013) and Technology Fast50™ (2011).

Today Transparent has offices in several key European capitals, USA, Mexico, South Africa and India. Founded in 2000, Transparent has processed over 2.8 trillion Dollars in spend data to date. For more information visit: www.transparent.eu

Passionate People;              Superior Software;              Revolutionary Results;  

About Pinpoint
Pinpoint Profit Recovery Services is a firm with a wide range of services. The aim of these services is to improve clients’ financial position. Pinpoint came into existence in 2004 and has an office in New York. Services are geared towards helping companies effectively handle complexity and volumes throughout the cycle from purchase to payment, which sometimes might unintentionally lead to overpayments. Pinpoint has the technology and audit tools required to fully verify companies’ historical transactions. Hence Pinpoint is capable of identifying and recovering millions of dollars on behalf of its clients. The audit team has recovered more than 70 million Dollars for its clients. Pinpoint has a proven approach, superior technology and expert accountants who come with at least 20 years of experience. For more information: www.pinpointprofit.com

Note to editors
More information:

Transparent Group BV
Kirsty van Oosteroom, Marketing & Communications
T: +31 (0)20 468 46 48
E: kirsty.vanoosteroom@transparent.eu; marketing@transparent.eu

Or:

Pinpoint Profit Recovery Services
Krystin Moonan, Director of Operations
T: +1 (203) 348 97 00
E: kcmoonan@pinpointprofit.com

Overview