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September 12, 2007

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ACCENTURE SIGNS $185 MILLION DEAL WITH MICROSOFT...Accenture is providing Microsoft Corp. with a range of finance and accounting (F&A) and procurement services under a seven-year, $185 million business process outsourcing (BPO) agreement. The agreement outsources some of Microsoft’s transactional finance activities and consolidates services currently provided by other vendors. The finance and accounting services Accenture provides cover accounts payable, travel and expense, and record-to-report functions, including fixed assets, general ledger, treasury and statutory reporting. The procurement services Accenture provides include category management and requisition-to-purchase-order processing.

WNS ANNOUNCES EXECUTIVE APPOINTMENTS...WNS (Holdings) Limited announced three senior executive appointments that it says will drive the continued growth and development of the company, including the promotion of Anup Gupta to Group Chief Operating Officer responsible for managing the operating performance of the company; the appointment of Eric Selvadurai as the Managing Director and leader of WNS’s European business; and Sulakshana Patankar as the CEO of the newly carved out Finance and Accounting Business Unit. WNS also announced that Zubin Dubash, who has served as Group Chief Financial Officer for the past three years, will be leaving WNS on December 1, 2007, to pursue a career in private equity.

ACCENTURE SIGNS 5-YEAR F&A DEAL WITH BT...Accenture is providing BT with finance and accounting (F&A) services under a five-and-a-half-year business process outsourcing (BPO) contract. Financial details of the agreement were not disclosed. Under the terms of the contract, Accenture is providing services related to management reporting, financial planning and analysis, month-end close activities and budgeting/forecasting to BT’s operations, initially focused in the UK. The services are being delivered through Accenture’s Global Delivery Network using delivery centers in India.

HEWITT ASSOCIATES LAUNCHES DC CONSULTING PRACTICE...Hewitt Associates has formally established a U.S. Defined Contribution (DC) Consulting practice. The newly-formed practice will be composed of a group of experts specifically dedicated to providing companies with a full spectrum of defined contribution services and solutions, including strategy and plan design, cost and risk management, investment consulting, behavioral finance, administration, communication, and legal and compliance consulting.

ADP APPOINTS TWO NEW DIRECTORS...The board of directors of Automatic Data Processing, Inc. has elected Eric C. Fast, 57, and Gregory L. Summe, 50, as directors of the company. Fast is the President and Chief Executive Officer of Crane Co. Summe is the Chairman, Chief Executive Officer and President of PerkinElmer, Inc. These elections increase the size of the company’s board to 11 directors.

HEWITT EXTENDS TENDER OFFER...Hewitt Associates, Inc. has extended the expiration date of its offer to purchase up to 15,625,000 shares of its outstanding Class A common stock under its previously announced modified “Dutch Auction” tender offer. The tender offer, which was originally due to expire at 12:00 midnight, New York City time, on Wednesday, September 5, 2007, is now set to expire at 12:00 midnight, New York City time, on Wednesday, September 12, 2007, unless further extended.

Posted by jbowles at September 12, 2007 04:34 PM