TRAKAmerica to acquire KnovaOne.

TRAKAmerica, a technology and data-enabled provider of workflow management solutions for outsourced client recoveries, agreed to acquire KnovaOne, a business process outsourcing company with legal and accounts receivable management industry experience. Financial terms were not disclosed. "We're excited to join the TRAKAmerica family, drawn by their long-standing success and exceptional leadership in the account recovery industry. KnovaOne's successful journey could not culminate with a better partner than TRAKAmerica. We believe this union will accelerate KnovaOne's growth by expanding its client base, adding diverse market segments and strengthening existing client relationships through innovative legal process outsourcing solutions," Neeraj Mendiratta, KnovaOne President.