WNS to buy procurement BPO co Denali for $40 million

BENGALURU: WNS said it would buy business process outsourcing company Denali Sourcing Servicesfor about $40 million, to boost its finance and accounting business.

WNS, which is listed in the US, had said it would look at making tuck-in acquisitions to grow its higher-margin business.

Denali provides strategic procurement BPO services and currently manages over $30 billion in spend for over 25 clients, WNS said in a statement. Denali employs about 200 cost and procurement professionals.


WNS will pay $40 million in cash for Denali, plus adjustments for cash and working capital.


“The acquisition of Denali Sourcing Services adds a strategic procurement capability to our existing Finance and Accounting solutions. Denali is a unique asset which we believe helps position WNS as an industry leader in F&A, and enhances our Industry Specific Solutions,” Keshav Murugesh, CEO of WNS, said in a statement.

WNS said it would fund the acquisition with long-term debt and that the deal would add about $3 million in revenue to WNS’ revenue in FY17 and would add to earnings.