WNS (Holdings) Limited (WNS) (NYSE: WNS), a provider of global Business Process Management (BPM) solutions, acquired The Smart Cube, a London, UK-based provider of platform-driven research and analytics (R&A) focused on procurement and supply chain.
Consideration for the transaction is $125.0m including up-front payment and expected earn-outs, and excludes adjustments for cash, debt, and working capital. Based on The Smart Cube’s revenue generated in calendar 2022, the acquisition is expected to add approximately $9m to WNS’ net revenue in fiscal 2023, and to be dilutive by $0.01 to WNS’ fiscal 2023 adjusted diluted earnings per share.
The company’s assets are complementary to WNS’ existing offerings and strengthen the company’s capabilities in advanced analytics.
Founded in 2003 by Gautam Singh, CEO, The Smart Cube provides digitally-led market intelligence and analytics solutions. The company’s offerings span four key areas including procurement and supply chain, commercial sales and marketing, digital and analytics, and strategy and investment research. The Smart Cube leverages their proprietary digital AI knowledge management platform called “Amplifi Pro” to help clients drive improved procurement and market intelligence and insight-based decision making. They also bring front-end advisory capabilities and a large European footprint to the WNS portfolio. The company has over 800 global employees including a seasoned leadership team with CXO-level relationships, and more than 600 talented R&A specialists with approximately 2/3 holding a Master’s degree.
Led by Keshav R. Murugesh, Chief Executive Officer, WNS (Holdings) Limited (NYSE: WNS) is a Business Process Management (BPM) company which combines deep industry knowledge with technology, analytics, and process expertise to co-create innovative, digitally led transformational solutions with over 400 clients across various industries. WNS delivers an entire spectrum of BPM solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of September 30, 2022, the company had 57,503 professionals across 60 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Spain, Sri Lanka, Turkey, the United Kingdom, and the United States.
FinSMEs
06/01/2023
06/01/2023