TO: All Employees
SUBJECT: Merger of ABA with OCN
Today we announced that OCN Inc. has agreed to merge with ABA. Upon closure, OCN will become part of the ABAs worldwide organization. Our combined operations will have revenue of nearly $1.2 billion and employ approximately 7,000 people around the world.
We believe that the combination of OCN and ABA is a solid platform from which to grow rapidly in the United States. We plan to merge the current business operations of OCN and ABA and continue to sell OCN’s current portfolio of services.
ABA focuses principally in the retail and telecom industries, markets that are complementary to OCN’s existing customer base in the high-tech industry ...