WNS Renews Multi-Year Contract With SITA
January 13 2009 - 1:35PM
Marketwired
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
business process outsourcing (BPO) services, today announced the
signing of a five year contract with SITA, the world's leading
specialist in air transport communication and information
technology (IT) solutions.
The new contract is a renewal of WNS' existing six-year
agreement with SITA. WNS will continue to optimize supply chain
management and enhance service levels for SITA, which operates in
more than 140 countries.
Dave Bakker, SVP Customer Services and Operations, SITA, said,
"This renewal is an affirmation of our relationship with WNS, who
have worked closely with us to improve the quality of service and
reduce our process costs. With their extensive domain knowledge and
experience, WNS also supports our services development strategy.
Under this contract, we will be looking forward to exploring
further opportunities for collaboration and cost reduction."
"SITA is recognized for its customer-centric delivery model,
tailoring IT and communication solutions to meet our clients'
business goals. Performing as an extension of our enterprise, WNS
consistently provides deep industry expertise within a flexible
service model. This is critical given the range of services we
provide to air transport, government and global distribution
systems companies," Bakker added. "Given their track record, we are
pleased to renew our partnership agreement with WNS."
"During the past six years, WNS has worked closely with SITA to
automate and transform its operations," said Ambreesh Mahajan, CEO,
Travel and Leisure Services at WNS. "This collaboration has
resulted in higher service levels at SITA overall and a more agile
product delivery system. We remain dedicated to fostering SITA's
success and look forward to expanding our partnership."
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
enable WNS to deliver business value to some of the leading
companies in the world. 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 SITA
SITA is the world's leading specialist in air transport
communication and IT solutions. SITA delivers and manages business
solutions for airline, airport, GDS, government and other customers
over the world's most extensive communications network, which forms
the backbone of the global air transport industry.
SITA's portfolio includes managed global communications,
infrastructure and outsourcing services, as well as services for
airline commercial management and passenger operations, flight
operations, aircraft operations and air-to-ground communications,
airport management and operations, baggage operations,
transportation security and border management, cargo operations and
more. With a customer service team of over 1,500 staff around the
world, SITA invests significantly in achieving best-in-class
customer service, providing integrated local and global support for
both its communication and IT application services.
SITA has two main subsidiaries: OnAir, which is bringing
in-flight mobile communications to the market, and CHAMP
Cargosystems, the world's only IT company dedicated solely to air
cargo. SITA also operates two joint ventures providing services to
the air transport community: Aviareto for aircraft asset management
and CertiPath for secure electronic identity management.
SITA is one of the world's most international companies. Its
global reach is based on local presence, with services for around
600 air transport industry members and 3,000 customers in over 140
countries. In 2009, the company celebrates 60 years in business.
Set up in 1949 with 11 member airlines, SITA today employs people
of more than 140 nationalities, speaking over 70 different
languages. SITA had consolidated revenues of over US$1.42 billion
(EUR 1.06 billion) in 2007.
For further information go to www.sita.aero.
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 forward-looking
statements include statements relating to services expected to be
delivered by WNS under the new contract and expected benefits to
WNS and SITA under the new contract. 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.
CONTACT: Investors: Alan Katz VP -- Investor Relations WNS
(Holdings) Limited +1 212 599-6960 ext. 241 ir@wnsgs.com Media:
Josh Passman CJP Communications +1 212 279-3115 ext. 203
jpassman@cjpcom.com
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