NEW YORK; Oct. 10, 2007 – Accenture (NYSE: ACN) will provide WorldSpace (NASDAQ: WRSP), a global satellite radio company, with application development and maintenance services under a three-year outsourcing contract. Financial terms were not disclosed.
Accenture will help WorldSpace implement application development strategies and maintenance services designed to help the company get its products and services to market quickly, increase operational efficiency, reduce operating costs and enhance revenue opportunities.
“We selected Accenture for their process-compliance, Oracle® Billing and SAP® application capabilities,” said Mike Berkley, WorldSpace CIO. “In my experience, no one in the application development area understands or delivers better business results around emerging technologies than Accenture. Outsourcing our billing and financial applications to Accenture helps us deliver better results more quickly and at lower cost than if we were to resource those functions with only internal staff.”
“Satellite radio companies and emerging providers alike continue to face a rapidly changing, dynamic marketplace and often need functional capabilities to execute their strategy effectively,” said Dan Lauderback, managing director of Accenture’s North America Communications industry practice. “Our experience with satellite radio companies and emerging providers should allow us to deliver immediate business value and enable WorldSpace to improve its business performance by focusing on its core business of delivering quality radio programming to emerging marketplaces.”
Under terms of the contact, Accenture will be supporting all Oracle Communications Billing and Revenue Management services and SAP applications.
About WorldSpace Satellite Radio
Based in the Washington, DC metropolitan area, WorldSpace, Inc. (NASDAQ: WRSP) is the only global media and entertainment company positioned to offer a satellite radio experience to consumers in more than 130 countries with 5 billion people, driving 300 million cars. WorldSpace delivers the latest tunes, trends and information from around the world and around the corner. WorldSpace subscribers benefit from a unique combination of local programming, original WorldSpace content and content from leading brands around the globe including the BBC, CNN International, Virgin Radio UK, and RFI.
The WorldSpace satellites cover two-thirds of the earth’s population with six beams. Each beam is capable of delivering up to 80 channels of digital audio and multimedia programming directly to WorldSpace Satellite Radios anytime and virtually anywhere in its coverage area. WorldSpace is a pioneer of satellite-based digital radio services (DARS) and was instrumental in the development of the technology infrastructure used today by XM Satellite Radio. For more information, visit www.worldspace.com.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With approximately 170,000 people in 49 countries, the company generated net revenues of US$19.70 billion for the fiscal year ended Aug. 31, 2007. Its home page is www.accenture.com.