WNS Forms a Joint Venture with Advanced Contact Solutions Inc. in the Philippines
April 03 2008 - 9:30PM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading global provider of
business process outsourcing (BPO) services, today announced the
formation of a joint venture with Advanced Contact Solutions, Inc.
(ACS), a pioneer and leader in BPO services and customer care in
the Philippines. The joint venture company, WNS Philippines Inc.,
will be majority owned by WNS and will offer contact center
services to global clients across industries. The company has set
up its first delivery center in Manila and intends to initially
scale to 200 seats. "With the joint venture, WNS is executing its
strategy to expand its global delivery network. This expansion
further enables us to bring a large high quality talent pool to
help solve the business challenges of our clients while
diversifying the geographic concentration of delivery," said Anup
Gupta, COO, WNS Group. "In forming the venture with ACS, WNS has
partnered with a local market leader that shares our vision of
delivering high quality BPO services to clients.� �ACS is embarking
on establishing a global footprint through relationships with
leading global BPO companies such as WNS,� added Victor M. Endaya,
President and CEO, ACS. �In this way, we can bring our clients good
business practices and expertise in client and customer care.�
According to research firm Frost & Sullivan, the Philippines is
the third largest English-speaking nation in the world and produces
350,000 college graduates each year delivering a highly-educated
talent pool for providing BPO services. Earlier this year, WNS
announced the opening of its delivery center in Bucharest, Romania.
From its Romania center, WNS provides European language skills and
high-end finance and accounting services for global clients. About
WNS WNS is a leading global business process outsourcing provider.
Deep industry and business process knowledge, a partnership
approach, comprehensive service offering and a proven track record
enable 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.
WNS� home page is www.wnsgs.com. About Advanced Contact Solutions
Advanced Contact Solutions (ACS) is the pioneer and leader in
business process and customer care delivery in the Philippines.
Since 1996, ACS has been providing its clients with superior
customer experience through customized business solutions which
exceed client expectations and delight customers. ACS partners with
top Fortune 5OO companies, and top tier companies in the UK,
Australia, Canada and the Philippines. ACS� home page is
www.acspacific.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 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 a slowdown in the U.S. and Indian
economies and in the sectors in which our clients are based, a
slowdown in the BPO and IT sectors world-wide, competition, the
success or failure of our past and future acquisitions, attracting,
recruiting and retaining highly skilled employees, technology,
legal and regulatory policy 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.
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