Bangalore, India, 23rd Jan 2025- Fornax Corporate Services, a leading business services group, today announced the 100% acquisition of Oremus Corporate Services, a fast-growing tech-first Finance and accounting (F&A) transformation and BPM company. This acquisition marks Fornax’s strategic entry into the F&A outsourcing market, expanding its presence in the UK while strengthening its service portfolio in the United States.
Founded in 2002, Oremus has rapidly established itself as a premier provider of digital-first, technology-enabled F&A outsourcing solutions. With a comprehensive range of finance, accounting, taxation, and regulatory outsourcing services, Oremus serves clients across the United States, the United Kingdom, and India. Headquartered in Hyderabad, India, Oremus operates branch offices in Crawfordsville, Indiana (USA), Cheshire (UK), and Southport (UK).
Subrata Nag, Founder & CEO of Fornax, commented: “This acquisition is a significant milestone in our journey to build a comprehensive and technology-driven business services group. Oremus brings deep expertise in finance and accounting transformation, a strong client base across key global markets, and a highly skilled team that shares our commitment to innovation and excellence. With this integration, we aim to accelerate our growth in the F&A outsourcing space and offer our global clients a more robust service suite. We are delighted to welcome the Oremus management and employees into the Fornax family and look forward to driving continued success together.”
Raj Rayaprolu, Suresh Gupta, and Padmanabhan Balasubramanian, Co-Founders & Directors of Oremus, added:
“This milestone marks a significant achievement for Oremus and is a testament to the hard work, dedication, and innovation of our team over the years. The decision to partner with Fornax aligns with our vision of continued growth and leveraging the synergies that come with being part of a digitally driven business services platform. We believe this partnership will enable Oremus to expand its capabilities and deliver even greater value to our clients and employees. We look forward to working together to shape the future of F&A transformation.”
