News : WNS to Acquire Denali Sourcing Services
New York, NY, USA & Mumbai, India, Jan 10, 2017-- WNS (Holdings) Limited (WNS) (NYSE: WNS), a provider of global Business Process Management (BPM) services, announced that on January 10, 2017, the company entered into a definitive agreement to acquire Denali Sourcing Services (Denali), a provider of strategic procurement BPM solutions.
Denali provides comprehensive Source-to-Contract (S2C) solutions, including Category Management, Strategic Sourcing, Contract and Supplier Management, and Spend Analytics. Denali Sourcing Services has built a proprietary smart technology system to perform spend analytics, and a procurement value management and tracking platform called SmarTrak.
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"The acquisition of Denali Sourcing Services adds a strategic procurement capability to our existing Finance and Accounting solutions. Denali is a unique asset which we believe helps position WNS as an industry leader in F&A, and enhances our Industry Specific Solutions," said Keshav Murugesh, WNS’ Chief Executive Officer. "In combination with our existing Procure-to-Pay (P2P) capabilities, the acquisition of Denali will enable us to offer complete end-to-end Source-to-Pay (S2P) solutions. We are pleased to welcome this talented team to WNS, and look forward to leveraging their expertise to help drive increased value for all of our key stakeholders."
"Denali Sourcing Services is excited to join the WNS team, and looks forward to bringing our combined market-leading procurement solutions to the broader BPM marketplace," said Alpar Kamber, Founder and CEO, Denali Sourcing Services. "Having successfully worked together over the past three years, we believe this combination is a good strategic and cultural fit. We are confident that WNS’ capabilities, market presence and customer base will allow us to drive deeper client value, expand our reach, and create new offerings."
Posted by Veronica Silva Cusi, news correspondent
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About WNS Global Services:
WNS Global Services is a large global Business Process Outsourcing company headquartered in Mumbai, India. WNS formerly stood for World Network Services.
Published: Friday, January 13, 2017
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