OSG Billing Services Acquires Diamond Communication Solutions

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OSG Billing Services has completed the acquisition of Diamond Communication Solutions, a full-service provider of data-driven customer communications, headquartered in Carol Stream, IL.

“The Diamond acquisition positions us as a leader in the healthcare market, further strengthens our presence in the financial services market and expands our business services offerings,” stated Scott W. Bernstein, OSG’s Chairman and CEO.

OSG Billing Services (OSG), a leading provider of outsourced billing and statement services and customer communication management, today announced that it has completed the acquisition of Diamond Communication Solutions, a full-service provider of data-driven customer communications, headquartered in Carol Stream, IL. The company will continue to be run by the current management team led by CEO, Mark Peterson and President, Greg Waite.

The transaction strengthens OSG’s position as partner of choice for technology-driven, transactional and customer communications solutions. “The Diamond acquisition positions us as a leader in the healthcare market, further strengthens our presence in the financial services market and expands our business services offerings,” stated Scott W. Bernstein, OSG’s Chairman and CEO. “With over 500 employees and strategically-located facilities across the country, Diamond increases our scale and offers solid opportunities for further growth and innovation.”

“We are truly excited to welcome the Diamond team to OSG,” continued Bernstein. “Diamond is a natural fit for OSG culturally and operationally. By joining forces, we have a tremendous opportunity to create value for our customers, partners and employees.”

“We are pleased to be a part of the OSG family,” said Peterson. “This acquisition is a significant step forward for us and enables our two companies to combine our technologies and expertise to provide added value to our customers and offer enhanced products to the marketplace. We are looking forward to this next phase in our company’s growth.”

About OSG
OSG is a next-generation business technology partner providing integrated multichannel print and electronic solutions through a state-of-the-art processing environment. OSG offers comprehensive and flexible solutions including electronic billing and invoice/statement services, document printing and mailing and a suite of forward-thinking marketing solutions. Progressive communication technologies enable OSG’s clients to transform their customer interactions to drive revenue, reduce costs and strengthen relationships.

With 25 years of experience as a business outsourcer for total customer communication management, OSG has the knowledge and expertise to best suit the needs of the telecommunications, leasing, financial services, distribution, healthcare, heating oil/propane, publishing, property management, municipalities and utility markets. A solid reputation has made OSG an award-winning transactional communication provider.

About Diamond Communication Solutions
Diamond is a full-service partner in the design, production, and deployment of data-driven, highly personalized customer communications with a focus on the healthcare and financial industries. Delivering targeted, relevant, and dynamic messaging using print and digital media, Diamond provides in-house solutions for secure document and direct response communications.

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Shannon Seastead
OSG
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