Genpact Wins Contract for Portion of GlaxoSmithKline?s U.S. Finance & Accounting Services

Genpact, a global business services and technology solutions company, has signed a five-year contract to provide select finance and accounting services for GlaxoSmithKline?s (GSK) US business operations. Genpact began providing similar services to the company?s UK-based operations last year.

Genpact will support US-based accounts payable, fixed assets, general accounting, process planning, travel & expense, and business applications support The transition of these services will occur throughout 2006, with GSK maintaining a small staff to oversee the operations on an ongoing basis.

Genpact serves its clients around the clock from 19 operations centers in six countries. The company has successfully delivered and transitioned more than 1,000 processes for GE and other Fortune 500 companies over its 9-year history. The majority of its 20,000 associates are certified in Six Sigma quality methods. Many are also trained in Lean, process reengineering, and have CPA or Chartered Accountant certifications.

More About Genpact

Genpact drives process improvements to help global enterprises improve their revenue, cash, costs, margins, speed and customer relationships. Principally owned by GE and the private equity firms of General Atlantic and Oak Hill Capital Partners, Genpact has 20,000 highly skilled associates specialized by industry (banking/finance, insurance, manufacturing, transportation, and business services) and by the impact areas they serve (finance & accounting, sales & marketing analytics, financial services collections & operations, supply chain & procurement, aftermarket services, transaction services, information technology services, and enterprise application services & program management). With a direct sales network spanning the world, Genpact has administrative offices in Luxembourg, New York City, and Gurgaon, near Delhi, India, and has operations centers across India as well as in China, Hungary, Romania, the United States and Mexico. For more info: www.genpact.com.