Convergys to separate information management business into a new company?

by Editor 9/3/2008 12:51:00 PM
Consulting and outsourcing company Convergys Corp. has announced that its board of directors and the senior management are considering separating Convergys’ information management practice into a new publicly traded company.

The final decision is expected to come in the last quarter of 2008.

Dave Dougherty, Convergys’ president and chief executive, says:

“We believe it’s prudent to consider separating information management into an independent entity as a means of enhancing the strength and focus of each of our businesses to better serve our clients, provide more opportunities for our employees, and bolster each business’ competitive position.”

Convergys is based in Cincinnati. It employs 75,000 people in 85 centres across the world. Its services include call-centre, billing and employee care outsourcing. The clients of the information management arm include telecommunications companies such as Cincinnati Bell and AT&T Inc.

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