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eClerx LLC announces acquisition of TwoFour Consulting

NEW YORK, Oct. 2, 2017 /PRNewswire/ -- eClerx LLC is pleased to announce that TwoFour Consulting, a strategic and tactical consulting partner for banks, brokerages, hedge funds, and asset managers, is now a part of eClerx Markets.

eClerx Markets, a division of eClerx Services Limited, is a leading provider of process management and data analytics services to some of the leading financial institutions in the world. eClerx Markets combined operations and IT solutions encompass securities and derivative lifecycle services, billing & brokerage, KYC, client on-boarding, financial crime, reference data management and legal contract management.

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 offshore project management and delivery expertise, provides a more comprehensive solution to our clients."

TwoFour is excited to introduce its integrated strategies that maximize productivity, improve efficiency and sharpen competitiveness, to eClerx's client base, states John Flowers, CEO of TwoFour Consulting. This acquisition highlights eClerx's 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.

About eClerx

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 centres 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.

CONTACT: Tracy Arbour, 646-790-6821

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SOURCE eClerx