PRESS RELEASE
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WNS Awarded Multi-Year Contract With Chiquita Brands International
MUMBAI, INDIA, Nov 30, 2009 (MARKETWIRE via COMTEX) -- WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process outsourcing (BPO) services, today announced it has been awarded a multi-year contract with Chiquita Brands International, Inc. (NYSE: CQB) to deliver finance and accounting services. Under this multi-year agreement, WNS will provide finance and accounting back office services to Chiquita's business entities in North America, Europe and Latin America. The contract with Chiquita marks WNS's entry into Latin America where the company will look to significantly expand and grow its business.
"This agreement with Chiquita not only underscores our deep experience and successful track record in finance and accounting outsourcing, but also represents a significant global expansion for the company into Latin America," said Anup Gupta, Group Chief Operating Officer of WNS Global Services. "We look forward to partnering with Chiquita to help them achieve higher levels of operational efficiencies."
Serving Chiquita in both English and Spanish, the scope of the agreement includes General Accounting, Fixed Assets, Data Standards, Credit Management, Billing, Collections, Dispute Management, Cash Application, Accounts Payable and Travel & Expense.
WNS delivers a comprehensive range of services to retail and consumer products companies, including supply chain management, logistics and sales, marketing and customer care. The company's long-standing industry experience allows consumer packaged goods and retail brands to improve customer service, reduce costs and streamline processes.
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.wns.com
About Chiquita Brands International
Chiquita Brands International, Inc. (NYSE: CQB) is a leading
international marketer and distributor of high-quality fresh and
value-added food products -- from energy-rich bananas and other
fruits to nutritious blends of convenient green salads. The company
markets its healthy, fresh products under the Chiquita and Fresh
Express premium brands and other related trademarks. With annual
revenues of nearly $4 billion, Chiquita employs approximately 23,000
people and has operations in more than 80 countries worldwide. For
more information, please visit www.chiquita.com
Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements, which are
made pursuant to the safe harbor provisions of the U.S. 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.
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, statements relating to our growth and our service offerings.
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; 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), or Aviva Global, and our master services
agreement with Aviva Global Services (Management Services) Private
Limited; and our ability to successfully consummate strategic
acquisitions. These and other factors are more fully discussed in our
annual report on Form 20-F for the fiscal year ended March 31, 2009
filed with the U.S. Securities and Exchange Commission which is
available at www.sec.gov
Sumi Gupta
Global Head - Public Relations
WNS (Holdings) Limited
+91 (22) 4095 2100
+91 98330 53183
Sumi.Gupta@wnsgs.com
Emily Cleary
CJP Communications
+1 212 279 3115 ext. 257
ecleary@cjpcom.com
SOURCE: WNS Global Services
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