HOUSTON & LONDON--(BUSINESS WIRE)--EquaTerra has acquired Morgan Chambers, creating the market leading independent sourcing advisory firm.

As EquaTerra and Morgan Chambers are, respectively, the world's number one and number two top ranking Full Service Outsourcing and Offshoring Advisors(1), the acquisition creates the advisory firm of choice for organisations seeking to improve their business and IT processes through shared services, outsourcing and offshoring.

The collective teams will provide unrivalled depth of knowledge and services across all business support functions, including Information Technology (IT), Human Resources (HR), Finance & Accounting (F&A), Procurement and Customer Care. The firms have additional expertise in sector-specific processes such as claims management, mortgage processing and policy administration. The acquisition will also broaden and solidify the firm's geographic reach, thereby providing greater value for clients. The combined firm has approximately 300 employees across North America, Europe and Asia Pacific.

Mark Toon, CEO, EquaTerra said, "The leadership teams of our firms are excited about this acquisition. We are in the unique situation of bringing together two organisations with a strong presence in different geographies, yet with similar cultures, methodologies and depth of experience in the markets we serve. The expanded geographic reach and enhanced service offerings, combined with the tenure and expertise of our advisors makes this acquisition a positive event for our clients, employees and business partners."

Phil Morris, CEO, Morgan Chambers said, "Both EquaTerra and ourselves possess a relentless commitment to our clients and their needs and objectives. We've built a well-respected advisory business in Europe and we feel joining EquaTerra gives us the organisational depth and geographic reach our clients need. We believe our collective strengths will further support our clients on their journey to create sustainable value in their business support functions."

Robert Morgan, Chairman and founder of Morgan Chambers will leave the organisation once the deal is complete. "Creating Morgan Chambers back in 1994 was such an exciting opportunity and I am extremely proud of what the company and its hugely talented staff have achieved for our clients. I am pleased to be able to hand over to such a likeminded organisation, which in turn provides me with the opportunity to invest in new ventures."

(1) Source: Black Book of Outsourcing 2007

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ABOUT EQUATERRA

EquaTerra sourcing advisors help clients achieve sustainable value in their business and IT processes. With an average of more than 20 years of industry experience in over 600 global transformation and outsourcing projects, our advisors offer unmatched industry expertise. EquaTerra has deep functional knowledge in Finance and Accounting, HR, IT, Procurement and other critical business processes with advisors throughout North America, Europe and Asia Pacific. We help clients achieve significant cost savings and process improvement with outsourcing, internal transformation and shared services solutions. www.equaterra.com.

ABOUT MORGAN CHAMBERS

Established in 1994 with a single purpose - to provide high quality, practical and totally independent advice on the best client Sourcing solutions, Morgan Chambers remains true to these principles today. Morgan Chambers employs business and service delivery experts who passionately believe that balanced Sourcing strategies deliver sustainable business advantage and huge flexibility. Whether in-house, Shared Services or utilising external suppliers, we drive innovative, accountable and measurable solutions. Europe's leading specialist Sourcing advisory firm, we employ over 60 full-time consultants from eight offices world-wide. With more than 1000 client engagements in over 60 countries, we have unrivalled experience in achieving successful results. www.morganchambers.com