WNS Forms Strategic Alliance with Airlines Reporting Corporation to Extend Penetration in Travel Industry
July 02 2008 - 9:00AM
Business Wire
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.
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