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WNS Awarded Multi-Year Contract With Chiquita Brands International

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  Published in House and Home on Sunday, November 29th 2009 at 22:10 GMT by Market Wire
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MUMBAI, INDIA--(Marketwire - November 30, 2009) - 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 ]