Convergys to acquire Deloitte Consulting Outsourcing F & A outsourcing business.Convergys Corporation, a provider of customer care, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and billing services, and Deloitte Consulting Outsourcing LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control have announced a definitive agreement under which Convergys will acquire the Finance and Accounting (F & A) Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) business of Deloitte Consulting Outsourcing LLC, a subsidiary of Deloitte Consulting LLP LLP - Lower Layer Protocol . Deloitte Consulting Outsourcing and Convergys expect to close on the transaction "as soon as practicable." Financial terms are not being disclosed. The acquisition will be neutral to Convergys' 2005 earnings per share. "In today's highly competitive market, companies are finding outsourcing to be a strategically attractive alternative to internally operating certain business functions like human resource management, customer care, and finance and accounting," said Katrina Menzigian, vice president of Business Solutions and BPO services, IDC., in a company statement. "As a global outsource service provider, Convergys is addressing a growing trend to outsource finance and accounting functions so that companies can focus on their product or service delivery instead of this internal administrative operation." www.convergys.com www.deloitte.com |
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