Keywords: WNS, Paxys, venture, BPO, Business Process Outsourcing,

WNS acquires Paxys’ 35% stake in joint venture

Susie West | News | 3 November 2011

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WNS has entered into an agreement with Paxys, its joint venture partner in WNS Philippines, to acquire the latter's 35% stake in the joint venture.

Following the acquisition of Paxys' stake, WNS Philippines has become a 100% wholly-owned indirect subsidiary of WNS.

"The Philippines is of strategic importance to us, as part of our global delivery strategy, and we expect to continue to invest in the Philippines as we grow our business," said Keshav R. Murugesh, Group CEO, WNS.

"We have enjoyed a fruitful partnership with Paxys for over three years and would welcome the opportunity to work with them again in the future."

For more information:
http://www.marketwatch.com/story/wns-acquires-partners-minority-stake-in-philippines-jv-2011-11-02