Six Sigma BPO: General Electric Partners With Leading Investors To Transform ...
From Business Wire (press release), CA ... transaction. Gecis has already begun delivering its commitment to quality,
built on Six Sigma methodologies, to other major companies. ...
... General Electric today announced it has entered into a definitive agreement with two leading private-investment firms, General Atlantic Partners and Oak Hill Capital Partners, under which the firms will acquire a majority interest in GE Capital International Services (Gecis), GE's global business-processing operation. Gecis already is one of the largest shared-service providers in the world, employing more than 17,000 professional staff. As a recapitalized, independent company, Gecis will be well positioned to offer its high-quality business-processing services to companies in the Americas, Europe, and Asia, where it already has operations. Gecis will continue to serve GE under a multiyear contract, and Pramod Bhasin will remain as president and chief executive officer, supported by the current Gecis global management team. Approximately 1,000 Gecis employees will remain with GE. ...
GE (NYSE: GE), based in Fairfield, CT, is a diversified technology, media and financial services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming and plastics, GE operates in more than 100 countries and employs more than 310,000 people worldwide. Gecis is a global leader in high-quality business-process services, built with Six Sigma rigor. Gecis was established to serve GE's business units and supports nearly 1,000 processes at GE. As an independent company, Gecis continues to offer world-class expertise in areas including finance and accounting, supply-chain management, customer-service support and data modeling and analytics to clients globally. Gecis is headquartered near Delhi in Gurgaon, India, and has operations centers in China, Hungary, India and Mexico and employees across North America and Western Europe.
General Atlantic Partners, LLC, is one of the world's leading direct investment firms focused on investing globally in companies providing or using IT in ways that significantly transform the value proposition. GA's investment focus in IT includes providers of IT, IT-related services and users of IT in traditional industries such as healthcare, finance and government. The firm was founded in 1980 and has over $5 billion in capital under management. General Atlantic has invested in over 130 IT companies and has current holdings in over 50 companies, of which almost one-third are based outside the United States. The firm is distinguished within the investment community by its deep experience and expertise in information technology, its global perspective and worldwide presence, its long-term approach to investments, and its commitment to provide sustained strategic assistance for its portfolio companies. General Atlantic has nearly 70 investment professionals among its 130 employees worldwide with offices in Greenwich, New York, Palo Alto, Washington, D.C., London, Dusseldorf, Singapore, Tokyo, Mumbai, Hong Kong, and Sao Paulo.
Oak Hill Capital Partners, L.P. is a private equity firm in which Robert M. Bass is the lead investor. The investment team at Oak Hill has invested in over 50 private equity transactions including American Savings Bank (Washington Mutual), Bell & Howell (Proquest), Wometco Cable Corporation, Williams Scotsman, Stage Stores and Oreck Corporation. Recent investments from their current $1.6 billion buyout fund include Align Technology, TravelCenters of America, WideOpenWest, Blackboard, and Caribbean Restaurants. Oak Hill Capital Partners, L.P. is one of the Oak Hill partnerships, each of which has a dedicated management team. In total, the Oak Hill partnerships manage over $10 billion of assets across multiple asset classes, representing capital from leading entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions.
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