Equaterra Acquires Morgan Chambers, Creating the Market Leading Independent Sourcing Advisory Firm

Houston and London (ots/PRNewswire) - 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(i), 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."

(i) Source: Black Book of Outsourcing 2007

Notes for editors:

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. http://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. http://www.morganchambers.com

Originaltext: EquaTerra and Morgan Chambers
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Pressekontakt:
For further information or to arrange an interview, please contact:
Europe: Helen Stevens / Jo Skeels-Piggins , Tel :
+44-(0)1189-882-992,Email: Helen.stevens@berkeleypr.co.uk, Email :
Jo.Skeels-Piggins@berkeleypr.co.uk; EquaTerra, Gina Blackie, Tel:
+44-(0)-118-9333107, Mobile: + 44-(0)-777-5521487, Email:
gina.blackie@EquaTerra.com; Morgan Chambers, Sarah Beyrath, Tel :
+44-(0)-845-838-7500, Mobile : + 44-(0)-7702-915968, Email :
sarah.beyrath@morganchambers.com; North America: EquaTerra, Jolie
Newman, Tel: +1-407-677-8404, Email : jolie.newman@EquaTerra.com