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Aegis Purchases Sallie Mae's Customer Service Center in Killeen, Texas

^{Published on 2010-05-18 11:40:17 - Market Wire}
 

IRVING, TX--(Marketwire - May 18, 2010) - Aegis Limited, a leading global business process outsourcing (BPO) provider and part of the Essar Group, a multi-national conglomerate with approximately $15 billion in annual revenues, today announced that it has signed an agreement with US-based education finance service provider Sallie Mae to acquire its customer service center in Killeen, Texas, and transfer 350 Sallie Mae employees to Aegis' global delivery platform consisting of approximately 40,000 professionals located in 43 locations worldwide. This agreement is effective June 4, 2010.

Aparup Sengupta, Managing Director and Global CEO of Aegis Ltd., said, "This agreement enables Aegis to expand its service offerings with highly skilled customer service professionals. Aegis will leverage Sallie Mae's expertise in quality and performance improvement and integrate the Killeen center into our global delivery platform."

Commenting on the transaction, Sandip Sen, President (Americas) and Global Chief Marketing Officer of Aegis Ltd., said, "Aegis is committed to aggressively growing its business in the U.S. Our new facility in Killeen, Texas marks Aegis' tenth center in the U.S., and we look forward to continuing to grow our capabilities in North America."

Jack Hewes, Senior Executive Vice President and Chief Lending Officer of Sallie Mae, commented, "This is the outcome we hoped for as we faced the unenviable task of restructuring our business in response to legislative changes. We are delighted to have found a great employer like Aegis who will inherit our talented staff and provide them with growth opportunities right here at home."

About Aegis
Aegis is a global leader in business process outsourcing (BPO) and has over two decades of leadership in customer lifecycle management. Built on the mantra of personalized solutions and the co-creation of value, Aegis is one of the fastest growing BPO companies in the world. An Essar Group enterprise, Aegis offers the benefits of a global delivery model, strong financial strength, deep industry expertise, comprehensive and flexible solution offerings, and a rich international talent pool. Aegis services more than 135 clients from 43 delivery centers with approximately 40,000 employees across India, the Philippines, United States, Costa Rica, New Zealand, Sri Lanka, Australia and South Africa. For more information, please visit [ www.aegisglobal.com ].

About Sallie Mae
SLM Corporation (NYSE: [ SLM ]), commonly known as Sallie Mae, is the nation's leading saving, planning and paying for education company. Sallie Mae's saving programs, planning resources and financing options have helped more than 31 million people make the investment in higher education. Through its subsidiaries, the company manages $182 billion in education loans and serves 10 million student and parent customers. In addition, the company's Upromise program has enabled 12 million members to earn more than $525 million in rewards to help pay for college. Its Upromise affiliates also manage more than $25 billion in 529 college-savings plans. Sallie Mae offers services to a range of institutional clients, including colleges and universities, student loan guarantors and state and federal agencies. More information is available at [ www.SallieMae.com ]. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.