WNS Holdings Ltd, a top Business Process Management (BPM) services company, has entered into an agreement to buy Value Edge Research Services, a commercial research and analytics services firm, for an undisclosed amount.
"We have entered into a definitive agreement to acquire Value Edge Research Services, a leading provider of commercial research and analytics services to clients in the pharma/biopharma industry," WNS said in a statement here.
Made at an undisclosed amount, the acquisition 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, the NYSE-listed firm said.
Value Edge employs over 100 people in India, the US and Europe. It provides consulting grade marketing and data analytics to a blue-chip roster of globally leading bio-pharma companies.
The firm has created a cloud-based advanced technology platform designed to provide clients with competitive intelligence (CI) to drive strategic decision-making.
It also provides services in the areas of pricing analytics, patient data analysis, key account management, sales force effectiveness and social media monitoring.
"The acquisition of Value Edge deepens our domain and specialised analytical capabilities in the growing pharma market, and provides WNS with a technology asset which is leverageable across clients and industries," WNS' Chief Executive Officer Keshav Murugesh said.
"Value Edge is excited to partner with WNS, and the combination of our firm's respective capabilities will enable us to help clients in the pharma/ bio-pharma industry improve their competitive positioning," Value Edge MD Rohit Anand said.
"We believe WNS' global size and strength will allow us to tap new areas of demand, drive deeper relationships and expand our offerings," Anand said.
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 March 31, 2016, WNS had 32,388 professionals across 40 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 Provision
This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Media Contact Details
David Mackey, Corporate SVP - Finance & Head of Investor Relations, WNS (Holdings)
Limited, +1 (201) 942-6261, david.Mackey@wns.Com Archana Raghuram, Head - Corporate Communications, WNS (Holdings) Limited, +91 (22)
40952397, archana.Raghuram@wns.Com; pr@wns.
Safe Harbor Provision
This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Media Contact Details
David Mackey, Corporate SVP - Finance & Head of Investor Relations, WNS (Holdings)
Limited, +1 (201) 942-6261, david.Mackey@wns.Com Archana Raghuram, Head - Corporate Communications, WNS (Holdings) Limited, +91 (22)
40952397, archana.Raghuram@wns.Com; pr@wns.
