News Release

The Carlyle Group Invests $4 Million in Worldzen Holdings Limited

2003-04

Chicago, IL and Bangalore, India – Global private equity firm The Carlyle Group today announced it has invested $4 million in Worldzen Holdings Limited, a firm that specializes in business process outsourcing in the financial services, insurance and healthcare industries. The funds will be used to expand Worldzen’s outsourcing capabilities in Bangalore, India.


Sandeep Bhargava, Worldzen CEO said, “Our platform allows clients to focus on revenue growth and strategic priorities while Worldzen provides a means to reduce costs and gain operational efficiencies. We are also thrilled to partner with The Carlyle Group and chose to align ourselves with Carlyle because their global resources complement our US - India outsourcing model.”


The Worldzen business model marries the experience and vision of its U.S. based Healthcare, Insurance, Financial Services and Collections specialists with an India-based outsourcing management team, thereby maximizing benefit to its clients.


Tony Jansz, managing director of Carlyle Asia Venture Partners said, “Business Process Outsourcing (BPO) in India is experiencing an explosive growth period as companies seek to reduce costs while improving customer service. Worldzen offers a unique model of process optimization at the front end in the U.S. and cost savings through outsourcing to India. Through our partnership we expect that Worldzen will become a successful global BPO player.”