Vengroff sells unit to $8B firm

A Paris-based IT services and outsourcing conglomerate, Capgemini, bought a division of Sarasota-based Vengroff, Williams & Associates, in an effort to expand its global presence in commercial debt collections.

Capgemini, an $8 billion firm traded on the Euronext exchange, bought VWA's order to cash unit, which process customer accounts. Terms of the deal weren't disclosed.

A Capgemini statement says the two firms have partnered in the order to cash business for more than a year, with “considerable success.” The statement says the division includes 300 VWA employees.