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|WNS Wins the Prestigious CIO100 Awards 2010 for the Third Consecutive Year and the Special Category Security Award for 2010|
MUMBAI, India, Oct 12, 2010 (BUSINESS WIRE) -- WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Outsourcing (BPO) services, today announced that it has been awarded the prestigious CIO100 Award and the Special Category Award for its information security architecture and monitoring practices by IDG India's CIO magazine. The annual award recognizes organizations that demonstrate the highest level of operational and strategic excellence in information technology. The theme for this year's award was 'The Agile 100' which recognizes IT departments from leading Indian organizations for their exemplary technology initiatives that helped their organizations stay agile in the wake of the turbulent economy witnessed last year.
WNS was presented with the CIO 100 Award in recognition of its outstanding initiatives in architecting and deploying robust and cost-effective information security frameworks and monitoring practices.
"WNS's information security strategy has matured over the years with the right balance of intelligent security platforms and processes, coupled with a proactive monitoring framework, which is enabled by the 24x7 WNS Security Operations Center. This provides enhanced visibility into our enterprise-wide security in real-time. As a result, we can provide our business and end-customers with better threat management capabilities, enhanced data protection apart from delivering enhanced value," said Sanjay Jain, CIO and Head, Global Transformation Practice, WNS Global Services.
Speaking on the occasion, Vijay Ramachandran, Editor-in-Chief, CIO Magazine added, "Our congratulations to the winners who have truly paved the path for inspirational and industry-leading practices in IT."
WNS Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995
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, assumptions, estimates and projections about our Company and our industry. The forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "should" and similar expressions. Those statements include, among other things, the discussions of our business strategy, industry growth potential, expansion opportunities, expectations concerning our future financial performance and growth potential, including our fiscal 2011 guidance and future profitability, our ability to generate free cash, relevant foreign currency exchange rates, and our future operations. We caution you that reliance on any forward-looking statement involves risks and uncertainties, and that although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and, as a result, the forward-looking statements based on those assumptions could be materially incorrect. These factors 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; the implications of the accounting changes and restatement of our financial statements as detailed in our annual report on Form 20-F for the fiscal year ended March 31, 2010 filed with the U.S. Securities and Exchange Commission (SEC), and any adverse developments in existing legal proceedings or the initiation of new legal proceedings; 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; increasing competition in the BPO industry; our ability to successfully grow our revenue, expand our service offerings and market share and achieve accretive benefits from our acquisition of Aviva Global Services Singapore Pte. Ltd. (which we have renamed as WNS Customer Solutions (Singapore) Private Limited following our acquisition), and our master services agreement with Aviva Global Services (Management Services) Private Limited; our ability to successfully consummate strategic acquisitions; and volatility of WNS's ADS price. These and other factors are more fully discussed in our annual report on Form 20-F for the fiscal year ended March 31, 2010 filed with the SEC which is available at http://www.sec.gov. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans, objectives or projected financial results referred to in any of the forward-looking statements. Except as required by law, we do not undertake to release revisions of any of these forward-looking statements to reflect future events or circumstances.