Convergys Corporation and Geneva Technology Complete Merger.Business Editors CINCINNATI, Ohio “Cincinnati” redirects here. For other uses, see Cincinnati (disambiguation). Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. & CAMBRIDGE, UK--(BUSINESS WIRE)--April 6, 2001 Closing Unites World's Largest Billing Services Company with the Leading International Provider of Convergent Billing Software Convergys Corporation (NYSE NYSE See: New York Stock Exchange :CVG CVG Convergys Corp CVG Corporación Venezolana de Guayana CVG Clear Vertical Grain (woodworking) CVG Carrier Group CVG Corporacion Venezolana de Guyana CVG Comprehensive Video Group (South Hackensack, NJ, USA) ), the Cincinnati, Ohio-based global leader in integrated billing and customer care services, and Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. Technology Ltd., of Cambridge, UK announce their merger closed today. As stated on March 6, Geneva Technology shareholders and option holders received a fixed total of approximately 17.6 million Convergys shares and options in exchange for all the outstanding shares and options of Geneva Technology. The transaction is a tax-free, stock-for-stock exchange and is not subject to any pre- or post-closing adjustments. "We are pleased to close this transaction so quickly and believe the combination of Convergys and Geneva Technology immediately enhances our ability to succeed in several strategic areas," said Jim Orr, chairman, president, and chief executive of Convergys. "These include accelerating revenue growth in the information management business, significantly enhancing our penetration of markets outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , achieving a strong position in IP-based billing, and offering a full suite of product solutions on a license, build-operate-transfer, or service bureau basis for wireless voice or data, cable and broadband, wireline and IP-based service providers." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dave Dougherty, Convergys' chief development officer, "The process of integrating Geneva Technology's successful business model and billing solution with our own is already well underway. I am pleased that Steven Edwards, founder, chairman, and chief technical officer and Stephen Thomas Stephen Thomas (December 6, 1809 – December 18, 1903), manufacturer, politician, jurist, and Union Army officer. He was a recipient of the Medal of Honor for gallantry. Early life Thomas was born in Bethel, Vermont, the son of John and Rebecca (Batchellor) Thomas. , chief executive at Geneva, will both become important members of the senior management team at Convergys." Geneva will continue to be offered as a standalone product as well as part of broader Convergys solutions since they are extremely complementary. The combination of Convergys and Geneva Technology produces what we believe will be the global leader in next-generation billing and customer care solutions. In addition to its Cambridge, UK headquarters, Geneva Technology Ltd., has offices in Frankfurt, Madrid, Paris, and Washington, DC. Geneva Technology, which was a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , has about 400 employees who will substantially augment the international experience and expertise of Convergys. Geneva Technology has more than 40 clients with 55 installations in 17 countries including British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , NTL NTL Nevertheless NTL National Transportation Library NTL Norsk Tjenestemannslag NTL National Training Laboratories NTL Never Too Late NTL Nothing to Lose NTL National Training Laboratory NTL None the Less NTL Number Theory Library , ONE, Telewest Communications, Tiscali S.p.A., Maxitel S.A., Czech Telecom, Telenor, and Wireless Maingate AB. About Convergys Convergys Corporation (NYSE:CVG), a member of the S&P 500 and the Forbes' Platinum 400, is the global leader in integrated billing and customer care services provided through outsourcing or licensing. We serve top companies in telecommunications, Internet, cable and broadband services, technology, financial services, and other industries in more than 30 countries. We bring together world-class resources, software, and expertise to help create valuable relationships between our clients and their customers. This commitment is validated by the more than 1.3 million individual bills our software produces each day to support more than 100 million subscribers, and by the more than 1.2 million separate customer contacts we manage each day, both live and via electronic interaction. Convergys (TM) employs over 45,000 people in 48 customer contact centers and in our data centers and other offices in the United States, Canada, Latin America, Israel, and Europe. On the net at www.convergys.com, Convergys' has world headquarters in Cincinnati, Ohio, USA. (Convergys is pronounced: kun VER Ver personification; portrayed as infantile and tender. [Rom. Myth.: LLEI, I: 322] See : Spring jis. Convergys and the Convergys logo are trademarks of Convergys Corporation.) - Editor's Note: A digital pic of Orr and Edwards is available on request by calling John Pratt at Convergys Corporation, 513.723.3333 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion