Genpact Ltd (ticker: G, exchange: NYSE Archipelago Exchange (.N))
News Release -
Genpact Expands its Presence in RomaniaFive years after entering Romania, Genpact establishes additional center in Cluj-Napoca to accommodate its growing presence in Eastern Europe
BUCHAREST, Romania, Mar 25, 2010 (BUSINESS WIRE) -- Genpact Limited (NYSE: G), a leader in managing business processes, today announced it would expand its presence in Romania by acquiring a new facility in the Transylvanian city of Cluj-Napoca.
Genpact, which has over 38,600 employees worldwide and a global presence in 13 countries, entered Romania in 2005 with its operations center in the country's capital, Bucharest. In 2007, Genpact established a center in Cluj-Napoca as part of its strategy to invest in Tier II cities. Encouraged by the availability of local talent, infrastructure, and cost-effective operations, Genpact is now building additional capacity in Cluj-Napoca - one of its most dynamic locations in Europe. The new Cluj-Napoca facility is expected to be operational by July 2010.
"We are extremely excited to continue investing and expanding in Romania, which has proven to be a fantastic source of talent for our business and our clients for over 5 years of presence here," said Patrick Cogny, CEO, Genpact Europe.
"Over the last two and a half years, the service delivery centre in Cluj-Napoca has expanded its capability to cover the entire spectrum of Finance and Accounting services - including Procure to Pay and Order to Cash, Record to Report - Order Management and Customer Services. The expansion positions Genpact well for growth in scope and scale for existing and new clients in Europe looking to make their business processes more effective," said Ramneesh Mohan, Genpact's Site Leader for Cluj, Romania.
"The employees Genpact will hire in Cluj-Napoca this year will include economics graduates, accountants, and language professionals - for jobs ranging from accounts payable and order management to customer collections, and high-end accounting and controllership," said Iulia Nare, Genpact's HR Manager for Cluj, Romania.
Currently, Genpact provides Finance & Accounting, Procurement, IT Helpdesk, and Customer Support services from Romania to more than 20 clients from Western Europe and the United States. This year, the company expects to create several hundred new jobs in Romania, being one of the most active local employers in 2010.
Genpact is a leader in managing business processes, offering a broad portfolio of enterprise and industry-specific services. The company manages over 3,000 processes for more than 400 clients worldwide. Putting process in the forefront, Genpact couples its deep process knowledge and insights with focused IT capabilities, targeted analytics and pragmatic reengineering to deliver comprehensive solutions for clients. Lean and Six Sigma are an integral part of Genpact's culture and Genpact views the management of business processes as a science. Genpact has developed Smart Enterprise Processes (SEPSM), a groundbreaking, rigorously scientific methodology for managing business processes, which focuses on optimizing process effectiveness in addition to efficiency to deliver superior business outcomes. Services are seamlessly delivered from a global network of centers to meet a client's business objectives, cultural and language needs and cost reduction goals. Learn more at www.genpact.com.
SOURCE: Genpact Limited
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Genpact Media Relations
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