Convergys considers spin-off of info management arm

Thu. September 04, 2008; Posted: 10:54 AM

Sep 04, 2008 (Datamonitor via COMTEX) -- CVG | Quote | Chart | News | PowerRating -- Outsourcing services provider Convergys has announced that it is considering separating its information management business into an independent company.

Convergys has about 75,000 employees in 85 customer contact centers, data centers, and other facilities worldwide. The company offers call-center, billing, and employee care outsourcing.

It said it will make a final decision in the fourth quarter about the separation, which it said has no bearing on its recent $335m acquisition of CRM company Intervoice that is scheduled to close this week.

Dave Dougherty, president and chief executive at Convergys, said: "The evaluation is a part of our plan to align the company's assets and capabilities with our leadership in relationship management. We believe the separation is a means of enhancing the strength and focus of each of our businesses to better serve our clients and bolster each business's competitive position."

The company's information management revenue fell 12% to $324m in the first half of 2008.

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For full details on Convergys Corp (CVG) click here. Convergys Corp (CVG) has Short Term PowerRatings of 6. Details on Convergys Corp (CVG) Short Term PowerRatings is available at This Link.

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