SITEL Shareholders Vote in Favor of Merger with ClientLogic Corporation

  
    
  
  
    
      ClientLogic Corporation and SITEL Corporation (NYSE:SWW), both leading 
      global business process outsourcing providers, announced today that at 
      SITEL’s 2006 Annual Meeting, held earlier 
      today, SITEL’s shareholders voted to approve 
      the proposed merger with ClientLogic Corporation. More than 71.9 
      million, or approximately 96%, of SITEL’s 
      outstanding common shares were voted at the meeting, with more than 97% 
      of voted shares voting in favor of the merger. The merger is expected to 
      close in late January 2007 or early February 2007. The merger has been 
      cleared by the U.S. Federal Trade Commission, the European Commission 
      and the Canadian Commissioner of Competition. Under the terms of the 
      merger agreement approved by SITEL shareholders, SITEL shareholders will 
      receive $4.25 per share in cash.
    
    
      Jim Lynch, Founder, Chairman and CEO of SITEL Corporation, stated, “We're 
      extremely pleased to see that our shareholders recognize the significant 
      value created from the merger with ClientLogic. I am also happy that our 
      loyal employees have an opportunity to join a combined company that will 
      be a leader in our industry for years to come. I thank our shareholders, 
      clients, and employees for their years of support and dedication.”
    
    
      Dave Garner, CEO and President of ClientLogic, commented, “We 
      look forward to the completion of the deal and the ability to combine 
      these two excellent companies, creating the industry leader. Our 
      continued focus will be to ensure that we deliver the utmost benefit to 
      our valued clients, associates, and other stakeholders."
    
    
      At the annual meeting, SITEL’s shareholders 
      also voted to re-elect current directors Rohit Desai, David Hanger and 
      Stephen Key as Class II directors to serve on SITEL’s 
      Board of Directors until the closing of the merger.
    
    
      About SITEL Corporation
    
    
      SITEL is a leading global provider of outsourced customer support 
      services. On behalf of many of the world's leading organizations, SITEL 
      designs and improves customer contact models across its clients' 
      customer acquisition, retention, and development cycles. SITEL manages 
      approximately two million customer interactions per day via the 
      telephone, e-mail, Internet, and traditional mail. SITEL has over 42,000 
      employees in 101 global contact centers located in 26 countries. SITEL 
      is a leader in the contact center industry. Please visit SITEL’s 
      website at www.sitel.com for further 
      information.
    
    
      About ClientLogic Corporation
    
    
      ClientLogic is a leading global business process outsourcing (BPO) 
      provider in the customer care and back office processing industries. 
      ClientLogic's global footprint spans 49 facilities in 13 countries 
      throughout North America, Europe, Africa, Central America and Asia. 
      ClientLogic's consistent service quality across channels, media and 
      countries helps clients improve their return on customer investment by 
      reducing service cost, improving customer retention and increasing 
      revenue per customer. ClientLogic's industry-leading clients include 
      Sony Corporation, DIRECTV, ABN AMRO, British Telecom (BT), LTU, Neuf 
      Telecom and United Online (Juno/NetZero). A subsidiary of Canadian 
      diversified company Onex Corporation, ClientLogic is among the top five 
      global customer care providers, managing more than half a million 
      customer interactions each day of the year. For more information, please 
      visit http://www.clientlogic.com.
    
    
      Forward-Looking Statements
    
    
      This news release contains forward-looking statements within the meaning 
      of Section 27A of the Securities Act and Section 21E of the Exchange 
      Act. These include statements as to the date of the closing of the 
      merger. Other forward-looking statements may be identified by the use of 
      the words “expects,” 
      “will” and similar 
      expressions. These forward-looking statements speak only as of the date 
      the statement is made and SITEL assumes no obligation to update such 
      statements. Although SITEL believes that the expectations reflected in 
      such forward-looking statements are reasonable, there can be no 
      assurance that such expectations will prove to be correct. Because 
      forward-looking statements involve risks and uncertainties, including, 
      but not limited to, the ability to achieve required closing conditions 
      including credit conditions and legislative and regulatory changes and 
      the fact that the transaction may not close or may be delayed, future 
      events and actual results could differ materially from those set forth 
      in, contemplated by or underlying the forward-looking statements. SITEL’s 
      Form 10-K, 10-Q and 8-K reports filed with the SEC describe other 
      important factors that may impact SITEL’s 
      business, results of operation and financial condition and cause actual 
      results to differ materially from those set forth in, contemplated by or 
      underlying the forward-looking statements.
    
    
      Additional Information about the Merger and Where to Find It
    
    
      In connection with the proposed merger of Stagecoach Acquisition 
      Corporation, a wholly owned subsidiary of ClientLogic Corporation with 
      and into SITEL, SITEL filed a definitive proxy statement on December 11, 
      2006 with the SEC. The definitive proxy statement contains additional 
      information about the merger. The proxy statement and other relevant 
      materials and any other documents filed by SITEL with the SEC may be 
      obtained free of charge at the SEC’s website 
      at www.sec.gov. In addition, investors 
      and security holders may obtain free copies of the documents filed with 
      the SEC by SITEL by accessing SITEL’s website 
      at www.sitel.com.