Genpact to buy Accounting Plaza

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE
Genpact to buy Accounting Plaza

Genpact Limited has signed a definitive agreement to acquire Accounting Plaza. This acquisition is believed to expand Genpact's domain expertise in the retail industry in addition to its service delivery footprint in Europe. The terms of the deal are not disclosed yet.

Tiger Tyagarajan, President & CEO, Genpact said, "This deal gives Genpact domain expertise in the retail industry, an industry which is transforming globally. Along with finance and accounting, one of our core capabilities, we now gain tremendous traction in the retail industry. The addition of operating centers in The Netherlands will further expand and grow our business in Europe, especially with large European multinational corporations. We're looking forward to partnering with Ahold Europe and applying our capabilities in smarter processes, analytics and technology to help support their growth plans."

Pascal Henssen, Sr. VP & COO, Genpact Europe said, "We welcome the Accounting Plaza team to Genpact’s European operations and retail business, as they will provide tremendous value to the services we provide to our clients. Accounting Plaza’s retail expertise, marquee client base, client service-driven culture, and process-driven experience in F&A, HR, and PeopleSoft ERP will be well integrated into our business to provide even stronger service delivery capabilities."


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