Coforge Limited, a leading global IT solutions organisation, announced its partnership with Adecco S.A., a Fortune 500 company and world leader in Human Resource services, thereby consolidating their relationship.
Recognizing the need for the complete basket of services offered by Coforge, the existing Joint Venture Agreement has been replaced with a comprehensive Collaboration Agreement whereby, Coforge is designated as a preferred vendor for its IT outsourcing program.
Mr. Patrick De Maeseneire, CEO, Adecco SA said "The renewed partnership provides Adecco with a platform to improve internal cost structures, speed up application implementation and enhance service levels".
By shifting the focus of the relationship from the Joint Venture to Coforge, both the companies would substantially derive more value.
Commenting on the collaboration Mr. Arvind Thakur CEO, Coforge said, "The partnership as a preferred vendor will enable us to engage in more significant value-added projects".
Adecco and Coforge had set up a Joint Venture in April 2007 which remained dormant due to the many structural changes necessitated in wake of the economic slowdown. With the new collaboration agreement in place Coforge will acquire all of Adecco shares in the Joint Venture entity.
Coforge is a global IT solutions organization, servicing customers in North America, Europe, Asia and Australia. It offers services in Application Development and Maintenance, Enterprise Solutions, Managed Services and Business Process Management to organisations in select industry segments. Coforge follows the highest standards of operations which includes ISO 9001:2000 certification, assessment at Level 5 of both SEI-CMMi version 1.2 and ISO 27001 information security management certification. Its data center operations are assessed at the international ISO 20000 IT management standards.
For further information, please visit www.coforgetech.com
About Adecco SA
The Adecco Group, based in Zurich, Switzerland, is the world’s leading provider of HR solutions. With over 28,000 employees and 5,500 offices, in more than 60 countries and territories around the world, Adecco Group offers a wide variety of services, connecting more than 500,000 colleagues with over 100,000 clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. The Adecco Group is a Fortune Global 500 company. Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) with listings on the SIX Swiss Exchange and on Euronext in France. The shares are traded on SWX Europe: (SIX: ADEN) and (EURONEXT: ADE).
For further information, please visit www.adecco.com
Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.