Skip to main content

Concentrix to Acquire Convergys

By



Concentrix a divison of Synnex Corp said that it would acquire Convergys for  $2.43 billion cash and stock deal that would accelerate the buyers position in the industry. 



Concentrix logo



Throughout the years Convergys has delivered consistent quality customer service in different languages around the Globe.

According to sources the deal would deliver provide  cost benefits and strategic advantages that will create substantial shareholder value.”

In terms of  mergers Convergys has previously acquired Stream Global Services and Datacom Asian Contact Services. While Concentrix has acquired IBM Customer Care Business last 2014.

 Fortune 500 previous ranked CVG at 746 while SNX was ranked at 198.

The deal would appear to be positive for it's owners and shareholders however, the main question is how will it provide a better value for the employees.

Have you experienced the same scenario wherein your company was acquired by a bigger company? Share your thoughts in the comments section.



Comments

Post a Comment

Popular posts from this blog

Back Pay Computation in the Philippines and Reasons Why it’s Delayed.

By
Klook.com After taking calculated risks, you have finally decided to leave your current employer due to health reasons, lack of career growth, or a greener pasture, etc. Just like you, I always look forward in receiving my back pay because it can be used as savings or as an additional fund that you can utilize while transitioning to your new job. Computation of back pay may vary depending on your company polices however, the following items should be considered. 1.       Last Salary – your last salary may be withheld and will be release as back pay. 2.       Pro Rated 13th month pay. 3.       Tax Refund 4.       Vacation and Sick Leave conversion (if convertible to cash). 5.       Other deductions or liabilities – loans or lost equipment (Headset, locker keys, etc.) Illustration of Last Pay Slip for Back Pay Aside from your last pay the employer should also release your Certi...
182 comments
Read more

13th Month Pay Bonus Calculator

By
There are a lot of articles that have been published on how to compute the 13th month pay and I have read most of it however, I think it’s missing the actual calculator that can compute our estimated 13th month pay. The 13th month pay calculator that we have created would be beneficial especially for those employees who have been employed by the company for less than a year because, the amount of the 13th month pay will be pro-rated (will depend on the number of days or months of service). Based on DOLE’s Department Advisory  the number of days for leave without pay should be taken into consideration. Computation 1: If you have been employed by your company for more than a year use the computation below; Computation 2: Pro- Rated computation. If you have been employed by your company for less than a year use the computation below; Our Calculator has used the formula above to compute your estimated 13th month pay.  How to use the calculator: I...
93 comments
Read more

Top BPO Companies in the World Based on Forbes Global 2000 List

By
Forbes.com Inc., has released the list of the “World’s Biggest Public Companies” it is the annual list of world’s largest public companies. We decided to get the list of In-house and BPO Companies that have a regional office in the Philippines that made it to the list. We believe that the list would be a useful representation of top BPO Companies in the world since Forbes is one of the most trusted source for businesses and investment leaders. The list is an annual ranking of top 2000 public companies in the world which is based on four metrics: sales, profit, assets and market value. The list below contains BPO and in house companies with Philippine branches or subsidiaries. With a Global Services Center in Taguig and Cebu the parent company of JPMorgan Chase Bank N.A.-Philippine Global Service Center has emerged on the top based on Forbes’ list. The top positions have been dominated by in-house companies with businesses ranging from banks, oil companies, a...
63 comments
Read more