The partnership is expected to generate revenue of around $100 million over next two year, said Spanco in a press release.
"The debt collection represents a growing business for outsourcing companies. The partnership with MRS Associates gives us a major footprint in the US outsourcing market," Spanco Telesystems' Chairman Kapil Puri said.
The Spanco will pick up 20 per cent stake in MRS Associates and MRS Associates is also expected to buy 20 per cent stake in the Spanco's international BPO arm as per the agreement signed by the both companies