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July 27, 2006
Top Stories
WNS BEGINS TRADING ON NYSE...WNS (Holdings) Limited, the parent company of WNS Global Services Limited, a leading provider of offshore business process outsourcing (BPO) services, priced its initial public offering of 11,202,708 American Depositary Shares (ADSs) at a price of $20.00 per ADS. The company's ADSs began public trading on the New York Stock Exchange on July 26, 2006 under the symbol "WNS".
CERIDIAN TO SELL MOST OF RETIREMENT PLAN SERVICES BUSINESS...Ceridian Corporation is selling the major portion of its Retirement Plan Services (RPS) recordkeeping and administration business to The Newport Group, a leading retirement services provider based in Heathrow, Florida. Some 1,100 companies for whom Ceridian was providing defined contribution and defined benefit retirement plan administration services will become customers of Newport, effective immediately.
HEWITT ASSOCIATES EXPANDS IN EUROPE...Hewitt Associates is expanding its consulting services in Europe with the launch of a health care practice in the United Kingdom. The new practice will work with companies on all aspects of managing employee health, from developing and implementing health management strategies to advising on health related benefits and services.
OPI APPOINTS NEW EXECUTIVES...Outsource Partners International, Inc. (OPI),announced the appointments of Debra Cash, as Chief Financial Officer, and of David H. Odorizzi, as Managing Director. Cash, who has served as Managing Director for OPI in the Houston office since 2004, will assume the CFO role immediately. Odorizzi, also based out of Houston, will be responsible for managing and further strengthening OPI's client partnerships.
PLAN NOW F0R THE SECOND 2006 FORBES/OUTSOURCING CENTER SPECIAL REPORT...The second 2006 Forbes/Outsourcing Center special text/advertising report focused on best practices in managing outsourcing relationships will appear in the November 27 issue of Forbes magazine with an advertising close date of September 11. Participating advertisers receive a text profile or customer case study that will appear in the pages of Forbes magazine, which is read by some 5 million business decisionmakers. You can view the first 2006 report in pdf format online here. For more information and special rates for Outsourcing Alert subscribers, contact Jerry Bowles. p.s. Take a look at my hot new blog Enterprise Web 2.0
Posted by jbowles at July 27, 2006 07:42 PM