According to sources familiar with the situation, technology outsourcing services firm WNS Holdings, valued at $2.8 billion, is considering a potential sale following interest from buyers like Capgemini. The company, which originates from India, is collaborating with JPMorgan Chase to assess discussions with interested parties, including Capgemini and other technology services firms. If negotiations are successful, a deal could be finalized in the next few weeks, although there is a possibility that WNS may decide against proceeding with a transaction. WNS, Capgemini, and JPMorgan declined to provide comments on the matter. WNS, helmed by industry expert Keshav Murugesh, was established in 1996 by British Airways in Mumbai as a branch to handle the airline's back-office technology operations, before becoming an independent entity in 2002 under the majority ownership of private equity firm Warburg Pincus. WNS offers services like business process outsourcing and data analytics to prominent clients such as Coca-Cola, T-Mobile, and United Airlines, competing with major software exporters like Cognizant and Genpact. To capitalize on the growing demand for AI solutions, WNS recently acquired Kipi.ai, an analytics and artificial intelligence services provider based in Houston. In the last reported quarter ending December 31, WNS recorded revenue of $333 million and a profit of $48.6 million, showcasing positive growth compared to the previous year. The company's shares have seen a 30% increase since meeting market expectations, following a streak of disappointing quarterly performances.
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