Convergys Corporation and Olympus Capital Holdings Asia Form Joint Venture Targeting Cable and Broadband Billing and Customer Care Services in Asia.Business Editors and High Tech Writers CINCINNATI/HONG KONG/TOKYO--(BUSINESS WIRE)--Dec. 12, 2001 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 global leader in integrated billing and customer care services, and Olympus Capital Holdings Asia, an investment management firm focused on private equity investments in companies operating in Asia, announced today they have formed a joint venture, Convergys Broadband Asia, Pte. Ltd. The joint venture, targeting the rapidly growing market for billing and customer care services in the cable, ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. , ASP, and broadband markets in Asia has already gained significant momentum. Its first customer, Mediatti, a cable television multi-system operator, will go live in Tokyo this month, and has also signed a letter of intent and started working with a second customer in Japan. Convergys, which is headquartered in Cincinnati, has offices in 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. , Canada, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Israel, and Europe. Olympus has offices throughout Asia including Tokyo, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and Seoul as well as in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . "We are looking forward to working with Convergys on a number of attractive opportunities in the Asia Pacific region because of Convergys' leadership and reputation for the highest quality products in billing and customer care for the communications and cable industries," said Daniel R. Mintz, Founding Managing Director of Olympus Capital. "Convergys and Olympus can leverage our combined strengths and talents through this joint venture to benefit operators in Asia who seek to provide the innovative and enhanced broadband services consumers are demanding," added Michael Coorey, the Olympus-designated executive working with Convergys to launch the joint venture. "This is a natural alliance between two companies whose capabilities strongly complement one another. Olympus has long-term relationships and extensive business development experience in the Asia Pacific region, and Convergys has the most advanced billing and customer care technology in the world, supported by extensive project management and implementation experience," said Bob Marino, President of Convergys Information Management Group. "Together, we are a formidable team that will deliver convergent voice, video, data billing, and customer care solutions to cable, ISP, ASP and broadband operators working to build market share, offer new services, and deliver the best care possible to their customers." Convergys and Olympus Capital have both dedicated significant resources to the success of the new company which is offering Convergys billing and customer care software and services combined with the Olympus Capital's Asian market knowledge and expertise. For more than two decades, Convergys' comprehensive billing and customer care solutions have helped its clients achieve greater customer loyalty, reduce costs, drive innovation, and increase revenue. 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , and other industries in more than 30 countries. We also provide integrated, outsourced, human resource services to leading companies across a broad range of industries. 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 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 nearly 44,000 people in 46 customer contact centers and in our data centers and other offices in the United States, Canada, Latin America, Israel, and Europe. Convergys is on the net at www.convergys.com, and has world headquarters in Cincinnati. (Convergys and the Convergys logo are trademarks of Convergys Corporation.) About Olympus Capital Olympus Capital Holdings Asia is an independent investment management firm exclusively focused on Asian private equity. Since 1999, Olympus Capital has entered into five joint ventures in the financial, cable and agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. sectors throughout Asia. Joint venture partners have included Fuji Bank The Fuji Bank, Limited (株式会社富士銀行 , Tomen Corporation, and Korea Exchange Bank Oehwan Bank or Korea Exchange Bank (KEB) (KSE: 004940) is South Korea's only exchange bank company. It is headquartered in Seoul, and was established in 1967. . Olympus Capital manages over $600 million of committed capital provided by a number of major institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and families from around the world. More information about Olympus Capital is available at www.olympuscap.com |
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