June 22, 2011 — NorthgateArinso (NGA), the global provider of HR solutions and services, today announced that Fifth Third Bancorp (Nasdaq: FITB), an industry leading financial services company, has agreed to another seven years to their current HR outsourcing relationship. In addition, Fifth Third has selected the company’s euHReka solution.
Fifth Third will extend its current HR outsourcing agreement with NGA until the end of 2019. In alignment with its strategic technology roadmap, Fifth Third has engaged NGA to upgrade its SAP HCM platform and unify the overall self-service user experience on euHReka.
“Based on our existing HR BPO relationship, we are confident that NGA will continue to deliver the combination of expert HR technology and services solution needed to meet our business objectives,” said Thomas Neltner, vice president and director of HR Operations for Fifth Third Bank. “This contract extension solidifies our relationship with NGA, and allows us to unify our HR processes on an integrated HR service delivery and technology platform.”
“We’re excited to extend and expand our solid HR outsourcing (HRO) relationship with Fifth Third,” said Trey Campbell, president of NorthgateArinso North America. “We highly value the opportunity to grow our services with Fifth Third Bank and we’re looking forward to providing consistently reliable HR services and technology through our proven and industry-leading HR solutions portfolio.”
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $110 billion in assets and operates 15 affiliates with 1,316 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,444 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Vantiv, LLC, formerly Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2011, had $274 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB."
NorthgateArinso is a leading global Human Resources software and services provider offering innovative HR business solutions to employers of all sizes, including global Fortune 500 companies and many public sector organizations. NorthgateArinso helps HR executives optimize their HR service delivery through smarter processes and more efficient technology, supporting key HR areas like workforce administration, payroll, benefits, recruitment, learning, and talent management.
NorthgateArinso’s 8,500 employees in 35 countries are dedicated to delivering HR excellence through HR consulting, HR outsourcing and HR technology.
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