Adds Domain Expertise, Analytics and Technology Platform in Pharma
NEW YORK & MUMBAI, India--(BUSINESS WIRE)--Mar. 11, 2016--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160311005369/en/
Source: WNS (Holdings) Limited
WNS (Holdings) Limited
Investors:
David
Mackey
Corporate SVP–Finance & Head of Investor Relations
+1
(201) 942-6261
david.mackey@wns.com
or
Media:
Archana
Raghuram
Head – Corporate Communications
+91 (22) 4095 2397
archana.raghuram@wns.com;
pr@wns.com