Convergys, the US corporation that bought Geneva Technology at Cambourne earlier this year, is buying five million of its own shares as a vote of confidence in the US economy.
Convergys confident about U.S
The 90 million purchase is being made under an emergency order issued by the Securities and Exchange Commission following events in New York and Washington.
Jim Orr, Convergys' chairman, president and chief executive, said: 'Our board decided to do this to signal the company's strong confidence in the economy, the financial health of our country, and our company's bright prospects for the future.'
Convergys is a global leader in relationship management. We deliver a broad range of customer and HR solutions, backed by technology, business analytics and consulting services that help create valuable relationships between our clients, their customers and their employees.