LOS ANGELES, Feb. 21, 2022 /PRNewswire/ — 100GROUP, a FinTec concierge platform, acquires ReCo Cashiering system from Norton Applied sciences (NORTECH) USA, Inc.
For the previous 20 years ReCo (brief for Income Collections) has been the main income collections software program for native and state authorities municipalities, who gather income for gadgets equivalent to: property taxes, motorized vehicle charges, parks and rec and extra.
By the formation of ReCo LLC, a Georgia primarily based LLC, the legacy ReCo staff will be a part of forces with the 100GROUP staff to extend the product suite of choices, and to construct upon the good infrastructure and assist ReCo purchasers have cherished over time.
With 100GROUP’s Luxurious Enterprise Concierge Platform, the staff will combine ReCo’s core product set with 100GROUP’s superior expertise product suite, giving all present and new ReCo purchasers entry to best-in-class expertise.
ReCo LLC, will proceed to be led by Gary Norton and Benjamin Latimer – because the frontline assist and integration staff.
This acquisition matches completely into the 100GROUP’s core enterprise mannequin of aligning with FinTec leaders in area of interest markets who’ve a dominant presence of their house. With concierge model assist being the core worth of ReCo over time, this made it an ideal match to extend 100GROUP’s presence within the Authorities house.
“After working with the ReCo staff for the previous 4 years, we received firsthand expertise on how devoted they’re to their purchasers, and the way a lot their purchasers cherished their product,” says Jeff Brodsly, CEO of 100GROUP. “We’re thrilled after we discover like-minded entrepreneurs who’ve constructed an incredible product and share the will to develop their expertise, as that’s considered one of our core focuses at 100GROUP,” Brodsly says. “I stay up for constructing upon what the staff has completed during the last 20 years, and I’m excited to get to know our purchasers on a private stage,” says Brodsly.
“Aligning with the 100GROUP staff is precisely what we had been searching for to assist take our enterprise to the subsequent stage,” says Gary Norton, Founder and President of Norton Applied sciences USA, Inc. “Our purchasers are particular to us, and we wish to ship extra as expertise is continually evolving. With 100GROUP’s infrastructure and management, collectively ReCo will proceed to be the best-in-class software program for the native and State Authorities workplaces,” Gary Says.
About 100 GROUP:
We’re the primary and solely enterprise providers concierge. We provide varied enterprise merchandise/providers which are important to all enterprise homeowners. With a private concierge at your fingertips, the times of managing a number of vendor relationships, with none VIP stage remedy, are over! We’re 100GROUP, who ship 100% in all the pieces we do!
We provide a single platform for: Cost Processing, VoIP/Enterprise Telephone Methods, Enterprise Insurance coverage, Human Assets, Monetary Planning, Software program Integration, and extra. Think about receiving all these merchandise/providers from one firm, with a customized concierge devoted to you 24/7!
For greater than twenty years ReCo has been the chief in offering cutting-edge expertise options to County and Metropolis Governments throughout the US. Our income collections software program affords native governments alternatives to enhance providers and cut back prices in ways in which couldn’t have been imagined a number of brief years in the past. Cashiering and invoice funds, monetary interfaces, picture processing, verify processing, bank card processing, courts, regulation enforcement, utilities, citizen permits and extra – is what ReCo purchasers rely on us for.
Contact: Kacy Waxman, [email protected]
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