EmPower Adds Powerful Capabilities in Social Media Research, Media Monitoring and Analysis
NEW YORK, Sept. 15, 2011 (GLOBE NEWSWIRE) -- Genpact Limited (NYSE:G), a global leader in business process and technology management, has signed a definitive agreement to acquire EmPower Research, an integrated media and business research company with strong capabilities in social media research, media monitoring and measurement. This acquisition will add significant expertise and intellectual property to Genpact's Smart Decision Services business, comprising analytics, research, reengineering and risk management services. Closing is expected by the end of the month subject to satisfaction of certain customary conditions. Terms of the deal are not disclosed.
With the explosion of activity in social media, increasingly companies feel the need to track social media conversations to understand consumer preferences and perceptions towards their products and services. EmPower Research provides a comprehensive range of services including social and traditional media monitoring and measurement, event impact research, brand tracking, and data management. The services of EmPower Research are used by some of the largest pharmaceutical companies, PR agencies, technology firms, and consumer packaged goods (CPG) companies in the world.
"EmPower Research, a front runner in social media with a uniquely process-driven culture, strong domain expertise and high caliber senior management team, is a fantastic fit for our business, with numerous cross-sell opportunities particularly in the pharmaceutical and CPG industries," said Tiger Tyagarajan, President and CEO, Genpact. "We are seeing a significant increase in demand for our Smart Decision Services, and EmPower Research adds tremendous capabilities in extracting insights from social media, a fast emerging source of data about consumer behavior. This aligns very well with our vision of supporting our clients in smarter decision-making and in delivering improved business outcomes."
EmPower Research has approximately 360 employees based in New York, Bangalore, Cincinnati, New Jersey, San Francisco, and London.
"We are incredibly excited to become part of the Genpact team," said Debjani Deb, co-founder and managing partner of EmPower Research. "Genpact's already strong Smart Decision Services business, along with their delivery capabilities in Europe and Asia, provides the scale that our business needs to expand our offerings and help many more companies leverage the power of research, data, and social media channels for maximum business impact."
EmPower Research was jointly represented by The Jordan, Edmiston Group, Inc. (JEGI) and Veda Corporate Advisors Pvt. Ltd. (Veda). Veda is an India-based mid-market investment bank, and JEGI is a New York City-based media investment bank.
About EmPower Research
EmPower Research is an integrated media and business research company. It helps clients understand stakeholder perceptions and needs, empowering them to service their customers better. EmPower Research uses proprietary methodologies to listen and learn about conversations in the client ecosystem, deriving real insights for active stakeholder engagement. Unlike other listening solution providers, EmPower Research combines its technological prowess with human intelligence. This way, it delivers insights that are actionable and customized to meet clients' needs. For more information, please visit www.empowerresearch.com.
Genpact is a global leader in business process and technology management, offering a broad portfolio of enterprise and industry-specific services. The company manages over 4,500 processes for more than 600 clients worldwide. Putting process in the forefront, Genpact couples its deep process knowledge and insights with focused IT capabilities, targeted analytics and pragmatic reengineering to deliver comprehensive solutions for clients. Lean and Six Sigma are an integral part of Genpact's culture and Genpact views the management of business processes as a science. Genpact has developed Smart Enterprise Processes (SEPSM), a groundbreaking, rigorously scientific methodology for managing business processes, which focuses on optimizing process effectiveness in addition to efficiency to deliver superior business outcomes. Services are seamlessly delivered from a global network of centers to meet a client's business objectives, cultural and language needs and cost reduction goals. Learn more at www.genpact.com.
For more information:
Gail Marold (Genpact Media Relations)
gail.marold@genpact.com
+1 919-345-3899
Barbara Tate (For Genpact U.S.)
barbara.tate@ogilvy.com
+1 212-880-5338
Rupali Kathuria (For Genpact India)
rupali.kathuria@bm.com
+91 124 441 7589
Sanjay Kirimanjeshwar (EmPower Research)
ksanjay@empowerresearch.com
+91 80 4020 5300
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