Contact Information: CONTACT: Investors: Alan Katz VP - Investor Relations WNS (Holdings) Limited +1 212 599-6960 ext. 241 ir@wnsgs.com Media: Josh Passman CJP Communications +1 212 279-3115 ext. 203 jpassman@cjpcom.com
BizAps Acquires Purchasing Card Business Unit XiBuy From Paymetric
Includes Key Paymetric Personnel; Furthers BizAps' Portfolio in Procure-to-Pay
| Source: WNS (Holdings) Limited
NEW YORK, NY and HOUSTON, TX--(Marketwire - January 8, 2009) - WNS (Holdings) Limited (NYSE : WNS ), a leading provider of global business process outsourcing (BPO)
services, today announced that BizAps, a WNS group company, has acquired
XiBuy™ from Houston-based Paymetric, Inc. XiBuy is a certified SAP®
add-on solution for integrating and managing purchasing card (p-card)
transactions in SAP. As a result of the transaction, BizAps expects to
provide all on-going development, support and maintenance activities for
XiBuy customers, which include leading blue chip companies, providing
seamless continuity by utilizing key Paymetric development and support
personnel.
BizAps delivers a broad range of solutions for the procure-to-pay automation
market. The addition of the XiBuy solution provides a complementary product
to BizAps' p-card portfolio and increases its penetration into the North
American market. The expanded p-card solution will give customers a wider
range of offerings to suit their unique procure-to-pay needs.
"This acquisition is in line with our vision to be the leading
procure-to-pay solution provider by enabling businesses with a highly
integrated and automated account payable function," said Conor Mullaney,
Director of BizAps. "XiBuy's functionality enhances our planned product
roadmap, widens our depth of offerings and expands our finance and SAP
optimization consultancy practice. While we are excited about what the
future holds for the combined business, our first priority is to ensure a
smooth transition for all existing service agreements and annual
maintenance contracts for existing XiBuy customers."
"This is a strategic move for Paymetric and is a testament to the success
we've enjoyed in bringing world-class payment integration solutions to the
SAP market," said Kathleen Nugent, Vice President of Paymetric. "We are
excited for our XiBuy customers and are confident they will enjoy continued
success and expanded opportunities under the care and guidance of BizAps.
Their experience in SAP integration and specialization in procure-to-pay
solutions is why we chose BizAps to be the steward of the XiBuy solution
going forward."
About Business Applications Associates (BizAps)
Business Application Associates (BizAps), a WNS Group company formed in
2001, is a leader in delivering innovative SAP solutions that optimize
finance functions and processes including purchase-to-pay, order to cash
and financial supply chain functions. Its SAP Finance focus provides "best
in class" solutions used by many global companies. BizAps is a leader in
integrated and secure ePayment processing with a proven track record in
delivery. Additional information about BizAps is available at
www.bizaps.net.
About Paymetric, Inc.
Paymetric, Inc. is solutions for ERP systems. Paymetric combines proven
expertise in ERP payment workflow and security with powerful ePayment
processing services to dramatically reduce the total cost of payment
acceptance, transform and streamline enterprise payment processes, and
substantially reduce the burden of PCI compliance and data security.
Paymetric is an Austin Ventures portfolio company and an award-winning SAP
software partner. Visit www.paymetric.com for additional information.
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 forward-looking statements include statements relating to
the transfer of Paymetric personnel to BizAps, the transition of XiBuy
customer contracts to BizAps, and the expected benefits from the combined
business of BizAps and XiBuy 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
our ability to successfully integrate XiBuy with BizAps' operations,
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.