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Rust Consulting Enters Bankruptcy Administration Market with Acquisition of Omni Management Group

MINNEAPOLIS , Dec. 20, 2011 /PRNewswire/ -- Rust Consulting, Inc., a leader in legal, public and business sector project administration, announced today that it has acquired Omni Management Group, a Los Angeles and New York -based bankruptcy administration services provider with more than 40 years of experience.

The acquisition allows Rust Consulting to enter the bankruptcy administration services market while leveraging the established reputation and expertise of Omni. Conversely, Rust Consulting will bring Omni the benefit of its significant resources including systems capacity, operational expertise, brand recognition and relationships with major law firms nationwide.

"We are very excited to bring the exceptional people from the Omni team on board," Rust Consulting President Galen Vetter said. "For us to enter the bankruptcy administration services market, we wanted to be sure we had the best team for the job. We have that team in Omni."

"The strategic synergies between Rust and Omni create a perfect combination for sustainable growth into the foreseeable future," Brian Osborne , President of Omni, said. "We are thrilled at the prospect of combining Omni's expertise and technology platform in bankruptcy administration services with the significant resources and opportunities Rust provides.

About Rust Consulting

Clients in the legal, public, and business sectors trust Rust Consulting to design, implement, and manage complex and time-sensitive projects. With experience on more than 3,000 cases worth billions of dollars, Rust Consulting is the national leader in class action settlement administration, and is an expanding presence in the mass tort, public sector, and business sectors. Rust Consulting and its partner, Kinsella Media, LLC ( Washington, D.C. ) offer a full complement of services including project management, data management, notification, claims processing, contact center services, fund distribution, and tax reporting. A SourceHOV company headquartered in Minneapolis , Rust Consulting also has offices in Faribault, Minn., Los Angeles, Melville, N.Y., Palm Beach Gardens, Fla., San Francisco, and Washington D.C.

About Omni Management Group

Omni Management Group, is a nationally recognized leader in bankruptcy administrative services with offices in Los Angeles and New York. Since the firm's inception in 1969, Omni has been involved in some of the nation's most successful and complex chapter 11 proceedings, with clients such as Perkins Marie Callender's, Mervyn's Holdings, Blockbuster, Inc. (Committee), Innkeeper USA Trust, Borders Group (Committee), Owens Corning, Harry & David (Committee), Refco Inc., eToys Direct LLC, Monaco Coach Corporation, Sizzler Restaurant Corporation and Global Crossing.

About SourceHOV

With revenues of almost $500 million , SourceHOV is one of the largest Business Process Solutions and Knowledge Process Outsourcing companies in the industry, serving customers in more than half of the Fortune 100 with deep domain expertise. SourceHOV provides end-to-end business process and/or consulting solutions. SourceHOV offers clients in information-intensive industries, such as financial services, healthcare, legal, retail, telecommunications, government, and transportation, the solutions to process, analyze, and manage their information in a cost-efficient manner. SourceHOV also offers solutions to fulfill certain specialized knowledge-based processing and outsourcing requirements enabling these organizations to concentrate on their core competencies.

These solutions include healthcare claims processing, coding and abstracting of medical records, electronic content management and e-publishing, multisource data extraction and integration with client operations, processing and administration of class action and related claims, economic and statistical analysis and investigation, specialized tax outsourcing and processing services, and evaluation and resolution of construction claims.

The company's global workforce is now more than 14,200 employees operating from approximately 80 delivery centers in six countries, including the U.S., Mexico, Canada, India, China, and the Philippines.

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