WNS Adds ERP Optimization Capability for Finance & Accounting Services with Acquisition of BizAps
June 16 2008 - 7:30AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
business process outsourcing (BPO) services, today announced it has
acquired Business Applications Associates Ltd. (BizAps), a provider
of SAP solutions to optimize ERP functionality for finance and
accounting processes. The acquisition of BizAps will enable WNS to
further assist global customers in transforming shared services
finance and accounting functions, such as purchase-to-pay and
order-to-cash. Based in the UK and U.S., with development
capability in China, BizAps offers SAP optimization services and
SAP certified solutions designed to simplify SAP roll-out and
enhance functionality for internal and outsourced shared services
centers. �WNS is a global leader in finance and accounting
outsourcing (FAO), so this transaction solidifies our position by
adding highly synergistic ERP consulting services to our
offerings,� said Neeraj Bhargava, Group CEO, WNS Global Services.
�This acquisition supports our strategy to enhance our service
offerings and expand our global footprint. We have a superb
opportunity to expand relationships with clients, which are
currently shared by WNS and BizAps, as well as strengthen our
penetration in industries such as manufacturing and technology.�
�The ability to optimize the technology underpinnings of the
finance and supply chain functions is critical for companies to
drive maximum value from their data to drive business decisions,�
said Conor Mullaney, CEO, BizAps. �We look forward to being a part
of WNS and adding our consulting and technology capabilities to
take platform-based BPO to the next level.� 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 BizAps BizAps is a leader in delivering
innovative SAP solutions that optimizes ERP functions and processes
including purchase-to-pay, order-to-cash and global financial
supply chain. BizAps offers complete solutions based on world class
products and services with a proven track record in delivery.
BizAps has extensive experience in rolling out SAP globally to
implement shared service centers for multinational organizations.
BizAps has a core of highly experienced SAP consultants to support
transformational objectives of our customers. For more information,
visit www.bizaps.net. 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 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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