WNS to Acquire Value Edge Research Services
March 11 2016 - 7:47AM
Business Wire
Adds Domain Expertise, Analytics and Technology
Platform in Pharma
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of
global Business Process Management (BPM) services, today announced
that on March 11, 2016 the company entered into a definitive
agreement to acquire Value Edge Research Services Pvt. Ltd., a
leading provider of commercial research and analytics services to
clients in the Pharma / Biopharma industry. Value Edge provides
consulting grade marketing and data analytics to a blue-chip roster
of globally leading bio-pharma companies. Value Edge has created a
cloud-based advanced technology platform designed to provide
clients with competitive intelligence (CI) to drive strategic
decision-making. Core company offerings include CI, opportunity
assessment, forecasting, reporting & dash-boarding, modeling,
business intelligence (BI) tool building, and data analysis. The
company also provides services in the areas of pricing analytics,
patient data analysis, key account management (KAM), sales force
effectiveness (SFE), and social media monitoring.
“The acquisition of Value Edge deepens our domain and
specialized analytical capabilities in the growing pharma market,
and provides WNS with a technology asset which is leverageable
across clients and industries,” said Keshav Murugesh, WNS’ Chief
Executive Officer. “We are thrilled to welcome Value Edge’s
talented industry experts to the WNS family, and look forward to
jointly creating new opportunities and true business value for our
clients.”
“Value Edge is excited to partner with WNS, and the combination
of our firms’ respective capabilities will enable us to help
clients in the Pharma / Bio-Pharma industry improve their
competitive positioning,” said Rohit Anand, Value Edge’s Founder
and Managing Director. “We believe WNS’ global size and strength
will allow us to tap new areas of demand, drive deeper
relationships and expand our offerings.”
The acquisition of Value Edge is subject to Reserve Bank of
India (RBI) approval and other customary closing conditions, and is
expected to close in the first quarter of fiscal 2017. Cash
consideration for the transaction is $17.5 million plus adjustments
for cash and working capital. WNS intends to fund the consideration
with cash on hand. Based on Value Edge’s existing book of business,
the acquisition is expected to contribute approximately $5 million
in revenue for WNS in fiscal 2017. The acquisition is also expected
to be accretive to earnings in fiscal 2017. Value Edge currently
employs over 100 people in India, the United States and Europe.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading global business
process management company. WNS offers business value to 200+
global clients by combining operational excellence with deep domain
expertise in key industry verticals including Travel, Insurance,
Banking and Financial Services, Manufacturing, Retail and Consumer
Packaged Goods, Shipping and Logistics, Healthcare and Utilities.
WNS delivers an entire spectrum of business process management
services such as finance and accounting, customer care, technology
solutions, research and analytics and industry specific back office
and front office processes. As of December 31, 2015, WNS had 31,340
professionals across 39 delivery centers worldwide including China,
Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri
Lanka, United Kingdom and the United States. For more information,
visit www.wns.com.
Safe Harbor Statement
This release contains forward-looking statements, as defined in
the safe harbor provisions of the US Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
our current expectations and assumptions about Value Edge, our
Company and our industry. Generally, these forward-looking
statements may be identified by the use of terminology such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,”
“seek,” “should” and similar expressions. These statements include,
among other things, the discussions of the completion of our
acquisition of Value Edge, the timing of the completion of our
acquisition of Value Edge, and the expected benefits of our
acquisition of Value Edge, including Value Edge’s expected revenue
contribution to WNS and accretive benefit to our earnings, our
growth opportunities, industry environment, expectations concerning
our future financial performance and growth potential.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statements. Such risks and
uncertainties include but are not limited to worldwide economic and
business conditions; political or economic instability in the
jurisdictions where we have operations; regulatory, legislative and
judicial developments; our ability to attract and retain clients;
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 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; the
effects of our different pricing strategies or those of our
competitors; and increasing competition in the BPM industry. These
and other factors are more fully discussed in our most recent
annual report on Form 20-F and subsequent reports on Form 6-K filed
with or furnished to the US Securities and Exchange Commission
(SEC) which are available at www.sec.gov. We caution you not to
place undue reliance on any forward-looking statements. Except as
required by law, we do not undertake to update any forward-looking
statements to reflect future events or circumstances.
References to “$” and “USD” refer to the United States dollars,
the legal currency of the United States.
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WNS (Holdings)
LimitedInvestors:David
MackeyCorporate SVP–Finance & Head of Investor Relations+1
(201)
942-6261david.mackey@wns.comorMedia:Archana
RaghuramHead – Corporate Communications+91 (22) 4095
2397archana.raghuram@wns.com; pr@wns.com
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