COLUMBIA, Md. and LONDON, Nov. 19, 2018 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (GP Strategies) (NYSE: GPX) announced today they have entered into a new multi-year extension of their 2013 agreement with a global financial services and banking organization, allowing GP Strategies to continue providing global learning services to the organization. Under this extension, with a base term of three years and an option for two additional years, GP Strategies expects to support global delivery of learning in a preferred provider model. As a strategic partner, GP Strategies will help them drive consistency in learning delivery across the globe.
This client serves customers in over 66 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and North Africa. GP Strategies' UK operations have provided learning services to this organization for over 15 years and have been providing managed learning services to them over the past five years that include design of content, management of vendors, and the deployment of learning worldwide. The new agreement continues the long-standing relationship between the two companies, leveraging GP Strategies' expertise in the delivery and management of global learning.
"During the initial years of the global agreement our client challenged us to transition services, identify savings opportunities and help them achieve substantial savings. We are proud of what's been accomplished, and look forward to continuing our partnership for many more years," said Daniel Miller, Senior Vice President and Client Global Executive Sponsor. "They continue to place their trust in GP Strategies and in the strength of our global learning operations."
Chief Executive Officer of GP Strategies Scott Greenberg stated, "GP Strategies has built a platform to serve organizations that operate globally and who want to ensure learning consistency across national borders. This contract extension rewards the investments we have made in our global operations and the expertise we've developed to support clients who think globally. GP Strategies is a valued partner when global learning is critical."
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, digital learning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, and consulting and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as "expect," "intend," "believe," "may," "should," "could," "anticipates," and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE GP Strategies Corporation