WNS (NYSE:WNS)
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WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
business process outsourcing (BPO) services, today announced it has
acquired Business Applications Associates Ltd. (BizAps), a provider of
SAP solutions to optimize ERP functionality for finance and accounting
processes.
The acquisition of BizAps will enable WNS to further assist global
customers in transforming shared services finance and accounting
functions, such as purchase-to-pay and order-to-cash. Based in the UK
and U.S., with development capability in China, BizAps offers SAP
optimization services and SAP certified solutions designed to simplify
SAP roll-out and enhance functionality for internal and outsourced
shared services centers.
“WNS is a global leader in finance and
accounting outsourcing (FAO), so this transaction solidifies our
position by adding highly synergistic ERP consulting services to our
offerings,” said Neeraj Bhargava, Group CEO,
WNS Global Services. “This acquisition
supports our strategy to enhance our service offerings and expand our
global footprint. We have a superb opportunity to expand relationships
with clients, which are currently shared by WNS and BizAps, as well as
strengthen our penetration in industries such as manufacturing and
technology.”
“The ability to optimize the technology
underpinnings of the finance and supply chain functions is critical for
companies to drive maximum value from their data to drive business
decisions,” said Conor Mullaney, CEO, BizAps. “We
look forward to being a part of WNS and adding our consulting and
technology capabilities to take platform-based BPO to the next level.”
About WNS
WNS is a leading global business process outsourcing company. Deep
industry and business process knowledge, a partnership approach,
comprehensive service offering and a proven track record enables WNS to
deliver business value to some of the leading companies in the world.
With over 18,000 employees, WNS is passionate about building a
market-leading company valued by our clients, employees, business
partners, investors and communities. For more information, visit www.wnsgs.com.
About BizAps
BizAps is a leader in delivering innovative SAP solutions that optimizes
ERP functions and processes including purchase-to-pay, order-to-cash and
global financial supply chain. BizAps offers complete solutions based on
world class products and services with a proven track record in
delivery. BizAps has extensive experience in rolling out SAP globally to
implement shared service centers for multinational organizations. BizAps
has a core of highly experienced SAP consultants to support
transformational objectives of our customers. For more information,
visit www.bizaps.net.
Safe Harbor Statement under the
provisions of the United States Private Securities Litigation Reform Act
of 1995
This news release contains forward-looking statements, as defined in the
safe harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements involve a number of risks, uncertainties
and other factors that could cause actual results to differ materially
from those that may be projected by these forward looking statements.
These risks and uncertainties include but are not limited to
technological innovation; telecommunications or technology disruptions;
future regulatory actions and conditions in our operating areas; our
dependence on a limited number of clients in a limited number of
industries; our ability to attract and retain clients; our ability to
expand our business or effectively manage growth; our ability to hire
and retain enough sufficiently trained employees to support our
operations; negative public reaction in the US or the UK to offshore
outsourcing; regulatory, legislative and judicial developments;
increasing competition in the business process outsourcing industry;
political or economic instability in India, Sri Lanka and Jersey;
worldwide economic and business conditions, including a slowdown in the
U.S. and Indian economies and in the sectors in which our clients are
based and a slowdown in the BPO and IT sectors world-wide; our ability
to successfully consummate strategic acquisitions, as well as other
risks detailed in our reports filed with the U.S. Securities and
Exchange Commission. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in our
filings with the Securities and Exchange Commission and our reports to
shareholders. You are cautioned not to place undue reliance on these
forward-looking statements, which reflect management’s
current analysis of future events. We undertake no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.