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Convergys Closes on Sale of its Human Resources Management Line of Business to NorthgateArinso

^{Published on 2010-06-02 16:40:54 - Market Wire}
 

CINCINNATI & ATLANTA--([ BUSINESS WIRE ])--[ Convergys Corporation ] (NYSE: CVG), a global leader in [ relationship management ], announces the successful closing of the sale of its Human Resources Management (HRM) line of business to NorthgateArinso, a leading global human resources software and services provider.

"This transaction with NorthgateArinso also provided an opportunity for Convergys to focus our investments and efforts on growing our Customer Management and Information Management businesses."

When the definitive sale agreement between the two companies was announced March 4, 2010, Convergys said this transaction represented a unique opportunity for Convergys' HRM clients and employees to become part of a larger, dynamically focused entity with a strong record of accomplishment in the HR services business. NorthgateArinso offered employment to the approximately 2,300 employees of Convergys' HRM line of business.

According to Convergys CEO and President Jeff Fox, "This transaction with NorthgateArinso also provided an opportunity for Convergys to focus our investments and efforts on growing our Customer Management and Information Management businesses.a

With its global headquarters in the United Kingdom, NorthgateArinso is present in 35 countries on five continents delivering services in over 100 countries through a network of global Service Delivery Centers. NorthgateArinso's approximately 8,000 staff members serve more than 20 percent of the FORTUNE Global 500 companies, and it is one of the largest HR service providers in the world.

About Convergys

Convergys Corporation (NYSE: CVG) is a global leader in relationship management. We provide solutions that drive more value from the relationships our clients have with their customers. Convergys turns these everyday interactions into a source of profit and strategic advantage for our clients.

For more than 30 years, our unique combination of domain expertise, operational excellence, and innovative technologies has delivered process improvement and actionable business insight to marquee clients all over the world.

Convergys has approximately 70,000 employees in 82 customer contact centers and other facilities in the United States, Canada, Latin America, Europe, the Middle East, and Asia, and our global headquarters in Cincinnati, Ohio. For more information, visit [ www.convergys.com ]

(Convergys and the Convergys logo are registered trademarks of Convergys Corporation.)

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Contacts:

Investor Contact, David Stein
+1 513 723 7768 or [ investor@convergys.com ]

Media Contact, John Pratt
+1 513 723 3333 or [ john.pratt@convergys.com ]