SourceHOV Announces CFO Succession

DALLAS, Oct. 7, 2011 /PRNewswire/ -- SourceHOV announced today the resignation of Barry Edwards and the appointment of Katy Murray as the company's new CFO, effective November 1, 2011.

Mr. Edwards had been EVP and CFO of SOURCECORP since 2000 and was a key participant in the recent merger with HOV Services to create SourceHOV, in May 2011.  Mr. Edwards said, "I've enjoyed having the opportunity to contribute to the success of SOURCECORP and SourceHOV, and help bring SourceHOV to this stage in its evolution.  I wish my friends and colleagues continued success at the company."

Ms. Murray brings over 19 years of combined financial and executive management experience from both private and publicly traded high-growth, software and services companies.  Ms. Murray joins us from Pivot3, a privately held multi-national provider of unified storage and compute infrastructure where she was CFO.  Prior to Pivot3, Ms. Murray was CFO and EVP of Taleo Corporation, the leading provider of on-demand talent management solutions. Prior to Taleo, she was CFO of EXL Services, Inc., a provider of offshore business process outsourcing solutions.  Prior to EXL, Ms. Murray held various positions with i2 Technologies, Inc., a multi-national software company, most recently as its EVP and CFO.  Ms. Murray holds a Bachelor and Masters degree in accounting from Louisiana State University.

"Katy's broad finance experience and leadership roles with multinational companies will be an asset to SourceHOV as we continue to execute our growth initiatives.  I am pleased to welcome her to our executive team and we look forward to her contributions," said Steve Grieco, the company's CEO.

"I am honored to be joining the company following the recent merger," said Ms. Murray.  "I look forward to working with the executive team and the Board to help realize the full potential of SourceHOV for its customers, investors and employees in this exciting stage in its history."

About SourceHOV®

With revenues of almost $500 million, SourceHOV is one of the largest Business Process Solutions and Knowledge Process Outsourcing companies in the industry, serving customers in more than half of the Fortune 100® with deep domain expertise.  SourceHOV provides end-to-end business process outsourcing solutions with highly customized services as well as specialized knowledge-based processing and/or consulting solutions.  SourceHOV offers clients in information-intensive industries, such as financial services, healthcare, legal, retail, telecommunications, government, and transportation, the solutions to process, analyze and manage their information in a cost efficient manner. SourceHOV also offers solutions to fulfill certain specialized knowledge-based processing and outsourcing requirements enabling these organizations to concentrate on their core competencies.  

These solutions include healthcare claims processing, coding and abstracting of medical records, electronic content management and e-publishing, multisource data extraction and integration with client operations, processing and administration of class action and related claims, economic and statistical analysis and investigation, specialized tax outsourcing and processing services, and evaluation and resolution of construction claims.

The company's global workforce is now more than 14,200 employees operating from approximately 80 delivery centers in six countries including the U.S., Mexico, Canada, India, China and the Philippines.

SOURCE SourceHOV



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