GROUPE STERIA : Whitbread signs finance and accounting outsourcing deal with Steria
Steria, the European IT enabled business services company, today announces it has signed a five year contract with Whitbread to provide outsourced finance and accounting (F&A) services. The contract, which will be going live in early 2009, will see Steria provide a comprehensive, timely and accurate F&A service, delivered 100% from its offshore locations.
Whitbread is the UK's largest hotel and restaurant company whose brands include Premier Inn, Beefeater, Table Table, Brewers Fayre, Taybarns and Costa Coffee. The company employs over 33,000 people and serves 8.5 million customers every month in its 1,500 outlets. The contract with Steria offers Whitbread an efficient and cost effective service, which in time will enable further expansion at a significantly reduced cost.
Whilst the contract is the first significant deal between the two parties for some years, Steria and Whitbread PLC have enjoyed the benefits of working together prior to Steria's acquisition of Xansa in 2007 - the 1990's saw Whitbread PLC outsource its IT function to Steria.
Commenting on the new deal, Andy Pellington, Whitbread Hotels & Restaurants finance director, said This signifies an important step in Whitbread PLC's ongoing organisational review, ensuring we operate in the most efficient and cost effective way. Given the success of our prior relationship with Steria, coupled with its vast experience in providing efficient and productive BPO services, we were in no doubt they were best placed to manage our F&A requirements.
John Torrie, CEO Steria UK, says We are delighted to be working with Whitbread PLC. Our world class F&A delivery offering in India will provide a structured and streamlined service, enabling Whitbread PLC to continue delivering quality and value for money across all its brands.
About Steria: www.steria.com The leading end-to-end IT services provider in Europe for companies which consider new technologies a vital part of their business strategy, Steria focuses on setting up strategic partnerships with its customers in each of its key markets: the public sector, finance, telecommunications, utilities and transport. Steria offers customers integrated services including consulting in core business processes as well as the development and operation of their information systems. In October 2007, Steria acquired the British firm Xansa. The new group employs over 19,000 staff in 16 countries, including 5,000 in India. On December 31, 2007, Steria revenue amounted to €1.4 billion (€1.9 billion pro forma). The Group, headquartered in Paris, is listed on the Euronext Paris market.
About Whitbread PLC: www.whitbread.co.uk Whitbread PLC is the UK's largest hotel and restaurant company operating market-leading businesses in the budget hotels and restaurant sectors. Its brands include Premier Inn, Beefeater, Table Table, Brewers Fayre, Taybarns and Costa Coffee. Whitbread PLC employs over 33,000 people and serves 8.5 million customers every month in its 1500 outlets across the UK.In the financial year ending 28th February 2008, Whitbread PLC reported an 11.3% increase in Group Revenue to £1.18 billion and 26.3% increase in Pre-tax Profit to £210.3 million. Whitbread PLC is a FTSE 100 company, listed on the London Stock Exchange. It is also a member of the FTSE4Good Index. In October 2008, Whitbread's market capitalization was circa £2.0 billion.
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