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
formed a strategic alliance with the Airlines Reporting Corporation
(ARC), a premier provider of financial settlement solutions and data
analytical services for the travel industry, to extend its reach into
the airline and travel sectors.
WNS provides a comprehensive suite of revenue and process management and
customer care services to the travel and leisure industries, including
18 global airlines. ARC, an airline-owned company, provides ticket
distribution, reporting, and settlement solutions to 166 air and rail
carriers and nearly 20,000 ARC-accredited travel agencies and corporate
travel departments. ARC processes nearly $80 billion in airline tickets
annually.
As a result of the go-to-market alliance, Arlington, VA.-based, ARC and
WNS will jointly identify opportunities to forge new relationships
within the travel industry. Partnering with WNS will allow ARC the
opportunity to provide a more comprehensive suite of airline-specific
finance and accounting services to its clients. The companies will also
be able to combine their robust data analytics capabilities for the
industry.
“The travel industry is facing challenging
times with record fuel costs, a difficult business environment and
increased pressure on their operating models,”
said Steve Reynolds, Managing Director, North America, WNS Global
Services, and a 20-year travel industry veteran. “By
leveraging our deep industry knowledge, WNS has become a leader in
helping travel organizations transform their operations to compete
during tough economic times. By partnering with ARC, we look to both
deepen and broaden our relationships in the industry.”
“We recognize the experience and credibility
of WNS within the global airline and travel industry segments,”
said Mike Premo, Vice President, Marketing, Sales and Customer Care,
ARC. “The comprehensive suite of WNS service
offerings will allow ARC to bring additional benefits to our strong
client relationships within this industry. We also look forward to
leveraging WNS’s deep data analytics
experience in combination with ARC’s massive
database of air travel information to assist our clients to make the
right business decisions in challenging times.”
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 ARC
ARC is a premier provider of financial settlement solutions and data and
analytical services for the travel industry. Airlines, travel agencies,
corporate travel departments, railroads, and other travel suppliers
process $80 billion annually through ARC's world-class settlement
system, making it a financial backbone of travel distribution. ARC
COMPASS®, a leading, trusted source for
travel transaction information, powers data and analytical tools that
help ARC customers make confident business decisions. ARC is an
airline-owned company that builds on values of integrity, teamwork,
innovation, cost-effectiveness, and excellence. For more information,
please visit www.arccorp.com
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 include, without limitation, statements
relating to the benefits and other impact of the strategic alliance with
ARC. 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.