Boyne Capital, a Florida-based private equity firm focused on investments in lower middle-market companies, has purchased Flatworld Solutions Inc., a business process outsourcing and automation company.
Founded in 2002, the company uses technology, software and IT labor to service customers. Flatworld offers services to the banking, financial services and insurance, customer experience, healthcare, software development, IT-enabled services, engineering and custom brokerage and logistics industries. The company employs over 8,000 people located in Bangalore and Hyderabad, India, and Davao City, Philippines. Through its subsidiary, Quadratic Insights Pvt Ltd., Flatworld also offers artificial intelligence, machine learning and robotic press automation services.
“The Flatworld leadership team has impressed us with their commitment to growth while maintaining an emphasis on high customer satisfaction,” comments Josh Bilmes, principal, Boyne Capital. “We look forward to accelerating the Company’s progress and helping establish the infrastructure needed to support rapid expansion.”