established in 2009 , india home health care ( ihhc ) founded by v.thiyagarajan provides home health care and home nursing services in chennai , bangalore , hyderabad , pune & mumbai in india .

it has 800 employees — registered nurses , associate nurses and medical caretakers across these two cities .

ihhc announced expansion into hyderabad & pune in 2014 .

in july 2013 , bayada home health care , usa acquired 26 % stake in india home health care and formed a partnership to ensure quality home health care in india .

bayada employs over 18,000 nursing support staff in 250 offices throughout the united states and india .

bayada and india home health care have announced an investment of $ 10 million to create a pan india presence by 2016 with a team size of 3000 and revenue of $ 12 million .

ihhc 's services cater to geriatric patients , patients with neurological disorders , orthopaedics and cancer patients .

it also offers home health care for post surgical care , new born care and care for terminal illnesses .

bayada has also launched ihhc ’s nri services through its offices in the usa .

india home health care

bayada home health care will support the expansion of india home health care into new geographical regions throughout india , as well as help to increase the ihhc footprint of existing offices .
chennai - based india home health care ( ihhc ) has opened a centre here to . . .
india home health care ( ihhc ) is pleased to introduce new home care services , designed in collaboration with our partner for quality care , bayada home health care . these services will support non - resident indians , in the united states , with elderly parents living in india .
india home health care , which brings geriatric healthcare into homes , is expanding its operations into hyderabad and pune .
india home health care ( ihhc ) , a partner of bayada home health care , is committed to helping you care for the health and well - being of your loved ones . we understand that nothing is better than being in the comfort of home , surrounded by family and friends . we can be there , when you can’t , to help your aging parents and other elderly family members live their golden years at home .
vineeth has over seven years’ experience in clinical care , teaching and management fields of the health care industry . as director of operations , he works closely with our partner bayada home health care , in implementing best practices in the industry , and is passionate about transforming the way home heath care is delivered in india . vineeth has done his masters in health care and human resources from the national institute of business management .
providing quality care to clients in their own homes since 2009 , today ihhc serves hundreds of people monthly , through state of the art processes , with a focus on the individual . ensuring continuous quality care , india home health care has become the trusted partner for home care services to all major hospital groups and physicians .
dr . anitha has over 12 years of experience in both clinical and management domains of health care industry . she has a strong background in clinical operations and strategy consulting , as she has worked with many leading health care firms in the country , before joining india home health care . she has completed her masters in health finance and management from johns hopkins bloomberg school of public health , usa and is an experienced physician .
we the trimed team have many patients being rehabilitated at home and work to establish seamless therapy connectivity between our day centres , hospitalised patients and home care . in this we have found india home h . . .
 i have been associated with ‘india home health care’ for a few months now . i have referred many of my patients , who need care at home , to this organization . i have received a very good feedback from such patients . the . . .
previously , at avigo capital he managed investments in india’s largest health diagnostics company – srl diagnostics .
• previously , at avigo capital he managed investments in india’s largest health diagnostics company – srl diagnostics .
bayada founder and president , mark baiada , said , “we are pleased to have the opportunity to partner with india home health care , to help more and more people in india experience a better quality of life in the comfort of their own homes . ”
bayada is accredited by community health accreditation partner for meeting the industry’s highest nationally recognized standards of care .
hcah will strive to be the most people - centric , credible and comprehensive home healthcare solution provider in india .
founder and managing director – india home health care ( ihhc ) . serial entrepreneur and promoter in the fields of technology , health care and consumer business on the internet . over the years , vt has been successful in creating technology companies in the internet of things ( iot ) , consumer internet , e - commerce , software development services and retail . vt , as he is called by family , friends and colleagues , started an exciting and full filling journey by creating ihhc , india’s first institutionalized home health care service , delivering quality health care for people in the comfort of their homes . he has been successful in putting together a professional , highly qualified and well - knit team from germany and india – satisfying the inherent requirements of the health care business in terms of operations , training and quality . vt gained valuable experience , and quickly understood , the modalities that governed the selection and retention of the best employees , satisfied customers and points of influence . he quickly put this learning to course correct the business model , and in two years he scaled up the company to impressive heights . he also got u . s . home health care major bayada home health care to partner with ihhc in 2013 , thus laying the groundwork for building a reputed and recognized health care institution in india .
healthcare athome is a pioneer in bringing personalized and professional home health care services in india to allow quick and convenient recovery within the comfort of one ' s home . some of the key medical services offered include setting up icu athome , providing cancer care athome , nursing care , physiotherapy services and holistic stroke rehabilitation along with providing plethora of clinical procedures at home thereby delivering almost 70 % of all clinical services at home . healthcare athome is backed by the burman family , the promoters of dabur and the founders of healthcare at home , uk .
j . mark baiada founded bayada home health care in 1975 with the mission and goal of helping people receive health care at home with comfort , independence , and dignity . more than three decades later , bayada has grown from its humble beginnings to become a national leader in home health care , serving clients in 25 states from more than 250 offices . as mark baiada says , “we recognize the trust our clients place in us every time bayada enters their homes , and we understand nothing is more important than their safety and well - being . we provide the highest quality care in the home spanning every age group and level of care : from pediatrics to geriatrics , and from critical care to just being there . ”
though hospitals provide the required medical facilities , finding help at home is hard , said sameer mehta , director , india home health care ( ihhc ) . “if somebody is working abroad and has aged parents in the city , they now have plan ‘b’ . home healthcare professionals can look after the parents at their place of comfort , ” he said .
the senior registered nurse can then advise the india home health care team on the next steps , if any is required . the ihhc team will communicate with you regularly via telephone and email , to provide you with well documented assessments .
at india home healthcare , we are proud to announce the 2018 excellence in healthcare management presented by the time . . .
if you are interested in learning more about our home health care services fill out this form to get started . a representative will contact you within 24 hours of receiving your inquiry .
the chennai - based company , which attracted foreign investment from us - based bayada home health care in october last year , has also introduced a new package for physically challenged children .
j . mark baiada , founder of us - based bayada home health care , said the need for continuum of care , whether short - term or long - term , rises after a person is discharged from hospital . “it is here the need for home healthcare professionals comes in , ” he said .
mercedes - benz india has appointed martin schwenk as managing director and . . .
we believe that at ihhc , we can deliver home care services of the highest order for a variety of clinical needs in . . .
j mark baiada , founder of bayada home health care , says the market for home health in the us , which is estimates at $ 50 billion , lies largely untapped . he said the company , besides infusing funds for ihhc’s expansion over the next six months , will also assist in training and adopting advanced management practices . bayada took a 26 per cent stake in ihhc last year .
home - based healthcare has been a long - felt need in the city .
rishabh ' s hip surgery made walking very difficult . our professional home physiotherapy services helped him back on his feet within his home . read rishabh ' s story
the telecom ministry ( dot ) today approved the merger of vodafone india and . . .
manpreet ' s accident had left him with severe brain injuries & restricted movement . our extensive nursing care helped him recover safely at home . read manpreet ' s story
ihhc benefits from the expertise of bayada , including industry best practices and standards . for bayada , the partnership is aligned with the company’s vision to build a legacy of providing home health care with compassion , excellence , and reliability , to millions of people worldwide .
aging obviously isn’t easy . what with health problems that seem to become more chr . . .
the explosively growing food delivery business in india is going upmarket , getting specialised and dishing out . . .
bridget has over 20 years of experience and is currently inspector care quality commission uk .
teamlease services , a recruitment and consultancy concern , has been an observer - participant in india’s labour . . .
she is the ex head of nursing and clinical governance for hah , uk and is now with hcah india .
home healthcare is a very convenient and appropriate options for patients who are actively receiving treatment or . . .
• bridget has over 20 years of experience and is currently inspector care quality commission uk .
with services provided in the comfort of home , mom and dad can get the care they need with compassion , excellence , and reliability . our services are provided by trained and experienced registered nurses only .
• she is the ex head of nursing and clinical governance for hah , uk and is now with hcah india .
for any type of successful rehabilitation at home after surgery , illness or any other debilitating condition , prov . . .
anil mathew has over 6 years of experience in both clinical and health care management . he has completed his bachelor’s degree in nursing from t . john college of nursing and his mba in health service from sikkim manipal university through distance learning . he has also had the privilege to undergo associate leadership development program ( aldp ) at bayada university , usa .
together , ihhc and bayada , deliver home health care services founded on state of the art protocols and processes . dr . anitha arockiasamy , president , ihhc , has this to say about bayada : “it is amazing to see the culture of bayada teams at all levels . the pride each care giver takes in helping people in need makes being part of the bayada family truly inspiring . we share the same values , which makes this a perfect alliance . ”
17 + years of experience with high managerial and directorial positions in companies like baxter , frost & sullivan and nicholas piramal india ltd .
12 + years experience in the area of service delivery as vice president in companies like kaizen global services and health impetus pvt . ltd
he said home - based care is essential for elderly patients . “longevity , age - related disabilities and family members living abroad or outside the city have raised the need for home - based services . we are not able to reach out to persons in areas beyond royapuram , anna nagar west or chromepet , and are constantly asking doctors to join the programme , ” he said .
• 12 + years experience in the area of service delivery as vice president in companies like kaizen global services and health impetus pvt . ltd .
palliative care is a specialized form of medical treatment that focusses on offering relief from the pain , symptom . . .
• jayant has 17 + years of experience with high managerial and directorial positions in companies like baxter , frost & sullivan and nicholas piramal india ltd .
arunodoy has over 12 years’ experience in hr operations , human resource information system ( hris ) , business partner , people & process integration and talent acquisition with various industries . he joined the ihhc family in april 2017 as director – human resources . arunodoy manage pan india hr operations with regard to talent acquisition , people strategies , policy and process integration , talent management and compensation and benefits . before joining ihhc arunodoy was associated with sutherland health care solutions , having worked for both health care , it and bpo – adding up to a total head count of over 3500 . he has also worked with clifford chance llp , cim global , etc . , managing a variety hr portfolios .
he has been a part of the brand management team of the times of india and product marketing team of idea cellular ltd . ( 3g launch ) .
• he has been a part of the brand management team of the times of india and product marketing team of idea cellular ltd . ( 3g launch ) .
our professional teams meet the highest quality health care standards because we take extra steps to ensure clinical excellence and safety . our stringent hiring standards include credential verification and background checks of all applicants . in addition to in - depth interviews , written testing , and hands - on skills assessments , we also evaluate core values of compassion , excellence , and reliability . all our nursing professionals are supervised by a senior registered nurse who makes regular home visits to ensure the health and safety of your elders . caregivers are also required to demonstrate their competency annually , with hands - on skills assessments and performance evaluations .
taking care of elder parents , grandparents or any other close family member is not an easy task , especially when i . . .
healthcare athome ( hcah ) , is a leading home healthcare service provider in india . hcah is backed by the burman family , the promoters of dabur and the founders of hah uk . hcah has also received equity investment from quadria capital , one of asia’s leading healthcare focused private equity firms . hcah has 1000 + team members and caregivers’ workforce covering more than 40 cities in india . hcah follows the best practices in medical care and maintains international protocols and standards . hcah has served over 4 , 00 , 000 patients across india and has helped them recover safely and comfortably in the place they know best i . e . their home . hcah maintains high standard on customer service , a fact supported by nps score of over 70 per cent . some of the key services offered by hcah include setting up icu athome , providing cancer care athome , nursing care and physiotherapy services along with providing plethora of clinical procedures at home thereby delivering almost 70 % of all clinical services at home . on b2b space , hcah is the largest psp program provider in the country and acts as a one stop shop for the pharma companies to manage their patient journey right from awareness of therapy to compliance management . it also has a jv with m3 inc a listed japanese multinational company with > usd 9bn market cap . it has 4 . 0mn + doctors worldwide using its various internet based platforms , through which it offers a host of services to the pharmaceutical industry and healthcare professionals . hcah also has its own distribution setup offering chronic medicines to patients right at their doorsteps . for more information , visit the hcah website at urltoken
suffering a stroke left mr . bhargav bedridden . our elderly care and stroke rehabilitation services helped him resume his everyday activities . read bhargav ' s story
with the service slowly picking up in the city , it is the geriatric population that is most in need of care in the comfort of their homes .
having lived with breast cancer since 2010 , ms . kavita had been tired of the regular hospital trips . home chemotherapy with our expert team brought her the necessary respite . read kavita ' s story
• ashish has 20 + years experience across corporate & retail finance , life & health insurance and healthcare in progressively senior roles with leading companies like xerox , tata aig , future generali , marsh & hcl healthcare .
manisha has worked for over 22 years in the clinical and management areas of the indian health care industry . before joining ihhc , she worked as dm operations at apollo spectra hospital . manisha has worked as a team leader , in various clinical departments of some of the leading hospitals in mumbai . she also has experience in the nabh accreditation process having attended frequent training sessions and pre - accreditation level auditor courses arranged by quality council of india ( qci ) . manisha completed her pg diploma in hospital administration ( pgdha ) from medvarsity apollo , hyderabad ; and she did her graduation in nursing and bachelor of commerce degree from mumbai university .
whether recovering from surgery , living with a chronic condition that may require on - going care , or for assistance with activities of daily living , ihhc can help . our expert , caring teams include :
v . thiyagarajan , founder - director of ihhc , said they have developed a patient care mobile application the nurses will carry for co - ordination of services and exchange of information , including to family members .
it has also launched a mobile application for nurses to collate the patient’s health data for maintaining a disease profile of clients . ravi kannan k r , co - founder of kno bay , which provided the mobile platform , says caretakers can send data through a private cloud date centre without the need for internet connectivity .
speaking to reporters here , v thiyagarajan , founder and director , says the company has garnered 4 , 000 clients since its inception in 2009 , and 300 clients are serviced at any given time . besidestaking care of the elderly with ailments , the company treats those with neurological disorders , orthopaedic diseases and cancer .
asha is a dedicated nurse with more than 20 years of experience , who joined ihhc in march 2012 as an operations manager . her commitment to provide compassionate , excellent & reliable care to our patients lead to her steady growth in the company and was promoted to become the director of north bangalore office in february 2015 .
due to changes in the family structure — from the multi - generation family under one roof , to the nuclear family — many of us are facing challenges in caring for our elderly parents . this challenge increases if the children live in one part of the world , and the parents in another . distance can make it difficult to assess a parent’s needs and get them the care they deserve .
in 2008 , senior geriatrician v . s . natarajan had introduced geriatric house call along with the senior citizens bureau .
“we have an area - wise list of 30 doctors , and have catered to nearly 6 , 000 geriatric patients so far . we get two or three calls every day , ” he said .
persons recovering from surgery also need such services . “now , we have a programme for children with special needs , ” he said .
ihhc has 300 employees — registered nurses , associate nurses and medical caretakers — in chennai and bangalore , and caters to an equal number of persons in the two cities .
“we mostly cater to geriatric patients , followed by those with neurological disorders , orthopaedics and cancer patients . doctor’s visits and physiotherapy are arranged , ” said anitha arockiasamy of ihhc .
income tax department realises $ 216 million , cairn tells the london stock . . .
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dr reddy’s laboratories ltd and ucb , a biopharmaceutical company , have . . .
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the ability of ceos to make tough calls and avoid feel - good short - term decisions often decides their legacies , . . .
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in keeping with the rest of the issue , this week’s quiz is all about trees .
last week’s visit to boston with my sister su was built around my trial - by - visa at the spanish consulate . all . . .
the world cup upsets show that messi and ronaldo , the greats of their time , can thrive only with an able . . .
cashing in on the popularity of videos , facebook’s instagram has launched igtv , a platform where videos can . . .
there will be $ 24 billion in net new advertising investment this year , the best annual increment since the . . .
in this concluding series on jobs , businessline finds that while small units have been hit all over the . . .
the pejorative jokes on pakoda sellers apart , the centre has been keen on pushing self - employment in a country . . .
in the first of a two - part series on skills and jobs , businessline examines the angst and aspirations of . . .
if you dont have a client id and you are a new customer , you will need to request a callback from the homepage or from the products and services page .
 your firm is indeed caring for patients and i will not hesitate to recommend it to any other kenyan traveling to mumbai for treatment . please keep on doing the good work . in conclusion , please pass my appreciation t . . .
founder & managing director trimed - dr . esk’s centre of integrative medical specialties pvt . ltd .
being recognized on such a platform is a reflection of the strong commitment and unstinting efforts of our employees . we would also like to thank our customers and investors for being our strongest pillars to our success and placing immense confidence in us .
watermelon with about 92 percent of its weight coming from water , watermelon contributes to the body’s flui . . .
there are many , rational , emotional and medical reasons for moving patients out of hospital icus and providing the . . .
recovering from a stroke poses serious issues for both the patient and their families . how to provide the best qua . . .
got a question ? we ' d love to hear from you . send us a message and we ' ll respond as soon as possible .
mark received his mba from rutgers graduate school of business in 1970 and his ba from rutgers college in 1969 . prior to founding bayada , he was a market researcher for avon products , new york , ny and the american thread company , stamford , ct .
within a month & a half , sameer could bring his blood sugar levels under control with our comprehensive diabetes management program , diabee . read sameer ' s story
mrs . mehta , being a first - time mother found a friend in healthcare athome , someone who guided her through every step in her beautiful journey of motherhood . read mehak ' s story
ms . samita had lost hope of recovering from her critical condition . but with icu athome , she was able to return & recover among her loved ones . read samita ' s story
healthcare athome is a joint venture between the burman family , the promoters of dabur and founders of hah , uk .
if you believe you have the commitment to outdo yourself , and caring for people makes your day come alive , this is where you are meant to be .
by providing my contact details , i agree to be contacted by healthcare athome through an email , sms , phone call or any other mode . i understand that this will override the dnd status on my mobile number .
didn ' t get what you were looking for ? we are here to help you .
by providing my contact details , i agree to be contacted by healthcare athome through an email , sms , phone call or any other mode .
hcah will fulfill the vision by creating a service delivery model with “people centricity” at the core of it . delivering credible clinical outcomes , for every patient , every time . evolving a scalable and self - sustaining business model .
we operate with integrity , transparency , and accountability in all our business relationships .
we believe in forming genuine bonds for an enriching , fulfilling experience for all .
we believe in the primacy of high - quality healthcare for effective treatment of conditions .
• vivek has worked with berkley healthedu , nova surgery centre & nova ivi before founding hcah .
• he also has operations and project experience in fortune 500 companies like indian oil and capital one .
• dr . gaurav has 18 + years of healthcare experience as facility director , medical director , intensivist & rheumatologist .
• dr . gaurav is a ficci healthcare innovator awardee & one of the youngest nabh assessors .
• dr . gagan comes with over 17 years of experience . he was a physiotherapist with indian national football team & has worked with several international football teams .
• gaurav has over 10 years of experience at hah , uk - the largest pharmacy in uk where he ran a high volume and sophisticated pharmacy distribution .
• ankit has over 8 years of experience across companies like avigo capital , nomura and dassault systems .
• anup has 12 + years of experience working with companies like mentor graphics , adobe systems and centre for development of telematics .
• manas has over 8 years of work experience across industries including telecom , media and healthcare .
• rolli has 10 + years of experience in corporate and business hr in startups - netambit , max bupa and metlife .
• alka has 15 + years of experience in managing investments for pe firms and healthcare players .
• she was the head of finance control & assurance at dr . lal pathlabs .
vivek has worked with berkley healthedu , nova surgery centre & nova ivi before founding hcah .
he also has operations and project experience in fortune 500 companies like indian oil and capital one .
dr . gaurav has 18 + years of healthcare experience as facility director , medical director , intensivist & rheumatologist .
dr . gaurav is a ficci healthcare innovator awardee & one of the youngest nabh assessor .
dr . gagan comes with over 17 years of experience . he was a physiotherapist with indian national football team & has worked with several international football teams .
gaurav has over 10 years of experience at hah , uk - the largest pharmacy in uk where he ran a sophisticated and high volume pharmacy distribution .
ankit has over 8 years of experience across industries like avigo capital , nomura and dassault systems .
manas has over 8 years of work experience across industries including telecom , media and healthcare .
rolli has 10 + years of experience in corporate and business hr in startups - netambit , max bupa and metlife .
alka has 15 + years of experience in managing investments for pe firms and healthcare players .


xchanging is a business process and technology services provider and integrator , owned by dxc technology , with a wide range of multinational customers across many industries in 48 countries .

xchanging provides technology-enabled business solutions to the global commercial insurance industry .

in outsourcing , xchanging will typically take over a customer 's business process , or back office function , and incorporate them into an existing platform in an attempt to provide better and cheaper handling of administrative tasks .

xchanging employs over 7,000 people worldwide .

xchanging offers it outsourcing , infrastructure including network managed services , software products and application management .

it also sells procurement services .

it was listed on the london stock exchange until it was acquired by csc in may 2016 .

xchanging

glassdoor has 446 xchanging reviews submitted anonymously by xchanging employees . read employee reviews and ratings on glassdoor to decide if xchanging is right for you .
xchanging london , england ( uk ) isn ' t hiring right now . check out all xchanging jobs
this is an overview of the xchanging london campus or office location . this office is the major xchanging london , uk area location . find the xchanging london address . browse jobs and read about the xchanging london location with content posted anonymously by xchanging employees in london , england .
the acquisition was accepted overwhelmingly by xchanging shareholders , with approval by the csc and xchanging boards and regulators , the company said .
“liam will be responsible for overseeing xchanging’s operational performance and for continuing to develop xchanging’s relationships with our customers , ” the company says .
the company pays xchanging for running its back office . later , xchanging buys out the minority stake , usually once it has attracted third parties .
glassdoor gives you an inside look at what it ' s like to work at xchanging , including salaries , reviews , office photos , and more . this is the xchanging company profile . all content is posted anonymously by employees working at xchanging .
xchanging has an impressive track record of innovation and reliable service delivery in workers’ compensation .
if you cannot locate your username and password , contact xchanging on 1800 802 200 .
xchanging provides business processing , technology and procurement services internationally for customers across multiple industries .
xchanging this year became part of new york - listed csc following a takeover battle .
” ) , representing 9 . 99 per cent . of the existing ordinary share capital of xchanging , from capita plc at a price of 190 pence per xchanging share .
xchanging , ins - sure house . trinity road , folkestone , ct20 2rj , uk
xchanging meeta thareja tel : + 44 ( 0 ) 20 7780 5374 meeta . thareja @ urltoken
the average salary for xchanging director is $ 110 , 488 per year , ranging from $ 100 , 955 to $ 119 , 116 . compare more salaries for xchanging director at paysa . com .
xchanging’s comprehensive claims offerings include delegated claims , tpa services and binder management across all lloyd’s risk codes .
cambridge university training session during tideaway week . the 156th xchanging university boat race , london , england .
based on agreements reached in may 2004 , we transferred our stake in etb to xchanging etb gmbh ( formerly zweite xchanging gmbh ) , which is located in germany , and received in turn a 49 % nonvoting capital stake in xchanging etb gmbh . the remaining 51 % is owned by xchanging holdco no 3 ltd ( uk ) , a 100 % subsidiary of xchanging b . v . ( nl ) ( ‘xchanging’ ) . founded in 1998 , xchanging is an internationally positioned business process outsourcer and back office services provider , with locations in uk , france , germany , the united states and asia . etb is in general a provider for security settlement services we founded in 1999 . the change of control was realized at may 31 / june 1 , 2004 when xchanging took over management control and full operational responsibility for etb .
on dec . 9 , 2015 , csc’s board of directors , along with the board of xchanging , agreed to terms of the recommended transaction under which csc would acquire xchanging at the price of £1 . 90 ( $ 2 . 76 ) per share in cash . on jan . 18 , 2016 , csc announced that acceptances had been received from xchanging shareholders holding approximately 87 percent of the existing issued share capital of xchanging .
april 2 , 2010 . cambridge university training session during tideaway week . the 156th xchanging university boat race .
xchanging plc , a uk–based provider of business process outsourcing services to the insurance and financial market sectors , through its wholly–owned subsidiary , xchanging ( mauritius ) limited , has acquired a 75 % stake in cambridge solutions limited .
xchanging leveraged pega 7 to create netsett , a central accounting and net settlement service for the global insurance market . with pega , xchanging improved operational efficiencies for their customers in cash allocation , reconciliation and policy administration by 50 % . pega’s automation enables xchanging to auto - match and process millions of transactions in seconds . xchanging also offer their customers the flexibility of running applications on premise , on the pega cloud or a combination the two .
london , uk , saturday 7th april 2012 . the xchanging oxford & cambridge university boat race on the thames .
the xchanging boat race , oxford vs cambridge university , the thames river , london , uk . 26 march 2011
london , uk , saturday 7th april 2012 . the xchanging oxford & cambridge university boat race on the thames .
xchanging draws strength and inspiration from the determined example of the oxford and cambridge crews , ” he added . “we expect the 2010 xchanging boat race to be another compelling sporting battle and wish both crews all the best .
xchanging’s application services span the entire product lifecycle and provide mission - critical business applications for running real - time operations .
london , uk , saturday 7th april 2012 . . the xchanging oxford & cambridge university boat race on the thames .
in just 10 years , xchanging has become a global business processing company with blue - chip customers in 42 countries . it now employs over 8 , 400 people in nine countries . xchanging recently opened a new us headquarters in chicago .
xchanging level 9 , tower 3 , avenue 7 , no . 8 , jalan kerinchi , 59200 , kuala lumpur , malaysia
i applied online . the process took 4 days . i interviewed at xchanging ( newmarket , nh ) in january 2011 .
in 2001 lloyd ' s and the international underwriting association ( iua ) created partnerships with xchanging . xchanging ins - sure services ( xis ) saw the creation of a single
bureau
for both the lloyd ' s and companies markets for premium and policy processing services . xchanging claims service ( xcs ) provides claims services processing services for the lloyd ' s market .
xchanging‘s status as a leading provider of outsourced services gives them an advantage in the competitive world of bpo . however , xchanging realised that enhancing this status further to achieve ‘operational excellence’ could be a defining factor in the future success of their organisation .
from today , the race that traces its history back more than 180 years will be known as the xchanging boat race .
xchanging ' s application services partner with customers to deliver transformational business results leveraging the latest technology , industry insight and domain expertise .
the combination of csc and xchanging is the culmination of a due diligence process that began in november 2015 , the company said .
i applied through an employee referral . the process took 2 days . i interviewed at xchanging ( bengaluru ) in april 2011 .
contact our xchanging experts to know more about how we can help you stimulate growth in your business and manage the market complexity .
maoris and morris men battle it out in a manner akin to the traditional stick dance at the xchanging university boat race 2012 .
xchanging would offer csc a newly modernized suite of insurance platforms , which are well established with the largest insurers , managing agents and brokers . in addition , xchanging is a strong provider of business process services business providing efficient , centralized operations to london market participants .
commenting on xchanging’s new sponsorship commitment , robert gillespie , chairman of the boat race company limited ( brcl ) , organisers of the race , said :
we are delighted that xchanging wishes to identify so closely with the event and invest in its future .
csc , the tysons , va . - based technology solutions and services provider , announced it has completed the acquisition of xchanging plc .
” ) in respect of a total of 116 , 663 , 891 xchanging shares , representing approximately 47 . 07 per cent . of the existing ordinary share capital of xchanging in issue on 22 december 2015 ( being the latest practicable date prior to this announcement ) .
london , uk , saturday 7th april 2012 . the trophy arrived at the xchanging oxford & cambridge university boat race on the thames .
london , uk , saturday 7th april 2012 . . the trophy at the xchanging oxford & cambridge university boat race on the thames .
in addition to the insurance sector , csc sees opportunities to leverage xchanging’s capabilities in other areas , such as wealth management outsourcing services and infrastructure and applications . csc will also assess xchanging’s other businesses to see how they might add value to csc’s existing offerings and customer relationships .
the offer being announced today comes after a period of due diligence undertaken on xchanging by csc that began on nov . 12 , 2015 .
outsourcing company xchanging has signed a €400m ( £270m ) deal with allianz global investors to provide back office services to its fund managers in germany .
if you have forgotten your password use the forgotten password link on the online employer services login page , or contact xchanging on 1800 802 200 .
xchanging wants to be regarded as the best provider in its chosen markets by delivering services that are recognised for outstanding quality , reliability and innovation .
operations salaries at xchanging can range from $ 96 , 199 - $ 103 , 834 . this estimate is based upon 1 xchanging operations salary report ( s ) provided by employees or estimated based upon statistical methods . see all operations salaries to learn how this stacks up in the market .
aom is now embedded in the culture of the uk bps service centre teams at xchanging , and the certification programme and appointed aom champions will help to make sure it remains so in the future . aom will continue to bring xchanging closer to their goal of achieving and maintaining operational excellence .
the new centre in shimoga will be xchanging’s fourth major processing centre in india . xchanging employs over 3 , 400 people in india and has three of its top ten global processing hubs in bangalore , gurgaon and chennai . the company set foot in india in the year 2003 and has since then significantly expanded its operations in the country . in 2008 xchanging announced the acquisition of cambridge solutions limited , listed on the indian stock exchanges .
xchanging branding will feature prominently on a new event logo displayed on the tideway course and at the start in putney and the finish at mortlake .
following the acquisition of the 9 . 99 per cent . shareholding in xchanging , csc bidco holds shares in , and has irrevocable undertakings , other commitments and a letter of intent to accept the offer in respect of , a total of 141 , 424 , 246 xchanging shares , representing approximately 57 . 06 per cent . of the existing ordinary share capital of xchanging in issue on 22 december 2015 ( being the latest practicable date prior to this announcement ) .
news of the deal pushed the shares up 10pc on the back of speculation that other fund managers would follow suit and outsource their account processing to xchanging .
he would not say whether xchanging were paying extra money to have their name emblazoned across the event , but the move will certainly entrench the commercial relationship .
deep domain expertise and leadership within the london insurance market , where xchanging “has been recognized as the number one provider of services and technology since 2001 . ”
“we are delighted to have the xchanging team join csc to create a dynamic technology leader , ” said mike lawrie , csc’s chairman , president and ceo .
xchanging brings innovation , thought leadership and passion to its customers’ businesses so as to enhance performance and value . our values are embedded into everything we do .
xchanging ' s revenue was reported to be £440 . 20 m in fy , 2015 which is a 23 . 2 % decrease from the previous period .
london , uk , saturday 7th april 2012 . the cambridge rowing team ( pictured ) at the xchanging oxford & cambridge university boat race on the thames .
london , uk , saturday 7th april 2012 . the cambridge rowing team ( pictured ) at the xchanging oxford & cambridge university boat race on the thames .
chicago - december 18 , 2013 - xchanging , the business process , procurement and technology services provider , today announced that its procurement arm , xchanging procurement services , currently the third largest procurement services provider globally , will cap a record growth year in north america with five new customer wins throughout q3 and q4 alone .
deutsche bank has sold a majority 51 % stake in its back office outsourcing subsidiary , the european transaction bank ( etb ) , to london - based xchanging .
london - based xchanging provides technology - enabled business solutions to organizations in global insurance and financial services , healthcare , manufacturing , real estate and the public sector .
i applied through an employee referral . the process took 4 + weeks . i interviewed at xchanging ( london , england ( uk ) ) in june 2014 .
the 2010 xchanging boat race will be staged at 16 : 30 on saturday , 3 april and screened live on bbc 1 within a two - hour programme .
“the addition of xchanging is another step toward our goal of becoming a leader in the key geographies and markets we serve , ” he added . “xchanging’s people and offerings portfolio are a complement to csc’s existing business , which will allow us to demonstrate our commitment to areas such as the london market and the commercial insurance industry . ”
the exchange has received the disclosure under regulation 29 ( 2 ) of sebi ( substantial acquisition of shares & takeovers ) regulations , 2011 for xchanging technology services india .
xchanging are leaders in the provision of business process outsourcing ( bpo ) , technology and procurement services . business process services ( bps ) is a division of xchanging’s bpo function that provides the insurance sector with a world - class back - office service in policy and claims administration from its service centres in both the uk and india .
this is the first processing centre being set up by xchanging in a tier - iii town in india , shimoga , home district of chief minister b s yeddyurappa .
phil fersht , founder and ceo of hfs research , said : “xchanging has consistently demonstrated strong innovation and execution capabilities to be a worthy high performer in procurement service delivery . during our exhaustive blueprint process , clients cited xchanging ' s continuation improvement methodology and ability to incorporate customer feedback as particular differentiators . in addition , xchanging is bringing its clients significant technology value to the table with its proprietary bpaas procurement platform , which has demonstrated strong analytics and mobility delivery to enhance procurement service quality and effectiveness .
please be aware that addresses , electronic addresses and certain information provided by xchanging shareholders , persons with information rights and other relevant persons for the receipt of communications from xchanging may be provided to csc bidco during the offer period as requested under section 4 of appendix 4 of the code to comply with rule 2 . 12 ( c ) .
describing how the arrangement with xchanging will work , aon said : “cambridge solutions ltd . , a leading offshore process and technology skills company , is the incumbent off - shore service provider to aon uk for claims processing . cambridge continues to be the exclusive supplier and will expand the offshore services it provides to the new xchanging / aon partnership .
however , with immediate effect , it will be known as the xchanging boat race after the business services company which has been backing the event for the past four years .
chief minister of karnataka , mr . bs yeddyurappa stated , “entry of a multi - national in shimoga is an indication of the potential of tier 2 and tier 3 cities of karnataka . xchanging’s association in joint development of the sez it park at shimoga would usher in it penetration in tier 2 and tier 3 cities . i congratulate xchanging for this initiative” .
falls church , va . , december 9 , 2015 - - computer sciences corporation ( nyse : csc ) and xchanging plc . ( “ xchanging ” ) today announced that the boards of each company have agreed to terms of a recommended transaction under which csc ( through a uk subsidiary ) would acquire xchanging at a price of £1 . 90 per share in cash , implying an equity value of £480 million , or approximately us $ 720 million . the acquisition is expected to close in the next six months pending receipt of regulatory approvals .
xchanging , the outsourcing specialist that provides back office support for organisations such as bae systems , is planning to go public through a stock market flotation that could value it at £1bn .
we are pleased and honoured to assume title sponsorship of an event that typifies the best of sportsmanship and competitive intensity ,
said david andrews , founder and ceo of xchanging .
additionally this year , xchanging made a major strategic hire , appointing former ibm global process services senior leader , marie meliksetian , as its managing director , procurement services for xchanging north america . the move has contributed to the company’s emergence as a strong player in the north american procurement services market through the aforementioned customer growth , acquisition and strategic partnerships . further evidence of this is xchanging’s designation by everest group as a “po star performer” for the second year in a row and its placement in the leaders quadrant of everest’s peak matrix for the first time .
its model is to spin off a company ' s back office and hr processing into a separate entity . xchanging then buys a 51pc stake in the newco and the company holds 49pc .
working with internal partners from the wider xchanging group and best in breed third party software providers , we have developed a suite of technology enabled solutions to meet market needs . these include :
“csc leads clients on their digital transformation journeys , ” said mike lawrie , csc’s president and ceo . “xchanging’s capabilities and experience in the commercial insurance market would complement csc’s global insurance presence in software , outsourcing and services . i look forward to welcoming xchanging to the csc family as we continue to grow our insurance business and invest in our differentiated next - generation solutions . ”
xchanging is a global provider of technology enabled business services with an expertise in insurance . they manage the bureau service for lloyds of london which controls more than £30bn of annual premiums globally . in order to keep up with the increasing volume and complexity of claims and premium processing , xchanging needed a solution that improved efficiency and regulatory compliance while enabling tighter controls on client money and capital .
xchanging identified that in order to make these improvements , they needed to work with an independent partner who would understand the needs and goals of their business . xchanging evaluated several potential business partners before deciding to join forces with activeops , an organisation with whom they had been working for a number of years and whose best‑practice methods and processes were already being applied in certain areas of their organisation . xchanging’s first - hand experience of working with activeops , together with the activeops extensive experience and excellent reputation in the field of professional operations management , formed the basis for their choice of partner .
business processing specialist xchanging plc ( lon : xch ) has snapped up data integration ltd , a privately owned provider of security and communications technology for up to £9 million . uk based data integration , which generated revenues of £14 . 5 million in the year ending 31 march 2010 , was already part of ftse 250 constituent xchanging’s preferred partner network . the company offers a range of network security solutions to both the public and private sector .
we see an exciting future for us together as bpo services are increasingly delivered through cloud computing - based technologies . xchanging and di have already created this electronic managed service for claims handling with the london insurance market - a leading example of the power of new generation technologies in business processing , ” david andrews , ceo of xchanging said .
xchanging solutions ltd . , ground floor , cybertech house , j . b . sawant marg , wagle estate , plot no . b 63 - 65 road no 21 / 34 , thane 400 604
xchanging ceo david andrews , who is part of british prime minister david cameron ' s business delegation to india , and chief minister b . s . yeddyurappa were present when the mou was signed .
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the combination represents an attractive opportunity to combine csc’s global scope in insurance , business process outsourcing ( bpo ) and it services with xchanging’s specific expertise and leading software products that support the commercial insurance industry .
cambridge and oxford today unveiled the line - ups they intend to contest this year ' s boat race , sponsored by xchanging , and due to take place on april 7th , at 4 . 30pm .
david mead , group operations director , aon limited , commented : “our strategy at aon is the realignment of our business more closely around our client needs and core areas of expertise . by partnering with xchanging , we will improve the overall client experience , delivering greater levels of service and efficiency , while offering our transferring employees the opportunity to work with xchanging , a world - class business processing services company . ”
xchanging procurement services also expanded into new vertical industries in 2013 , winning its first customer in the utility sector , and was able to extend contracts with several notable clients , including its largest in north america .
xchanging , a csc company that provides insurance and business process , and technologies around data integration , insurance software , infrastructure management , and more , looked to improve its internal processes with a change of technology .
one of the four executive directors of xchanging etb gmbh is an employee of deutsche bank group ( a supervisory board does not yet exist at xchanging etb gmbh ) . additionally , one member of the supervisory board of etb is an employee of ours . furthermore , two members of the management board of etb were members of the management board of etb prior to the change of control when it was our wholly - owned subsidiary .
at xchanging , we leverage our technology capabilities , our ip assets and our proprietary work flow management tools , thus enabling standardization , automation and process rethink , to drive operational efficiencies and value for our customer’s needs .
present at the contract signing were the honourable chief minister of karnataka , mr . bs yeddyurappa and mr . david andrews , ceo xchanging who is part of the british prime minister david cameron’s business delegation to india .
the company set foot in india in the year 2003 and has since then significantly expanded its operations in the country . in 2008 xchanging announced the acquisition of cambridge solutions limited , listed on the indian stock exchanges .
with little more than two months to go to the 153rd boat race , the third and last to be sponsored by xchanging , the cambridge training regime is in full swing and final crew selection is rapidly approaching .
by providing the right services at the right time , xchanging gives injured workers the confidence that they are being well cared for . in turn , this gives employers the confidence that they comply with legal and regulatory obligations .
aon said the goal of the arrangement is to “focus on its core areas of expertise and deliver differentiated levels of service to its clients . the initiative further demonstrates aon’s and xchanging’s status as leaders in london market reform . ”
after five years as presenting sponsor of the annual oxford and cambridge university boat race , xchanging plc - the global business processing company - has become the first title sponsor of the event ahead of the 156th race next april .
the services xchanging provide are tailored to accommodate our customer’s appetite for delegation with agile processes , service levels and referral limits . contractual obligations are met through the breadth and depth across our versatile workforce allowing for surge and seasonal peaks .
xchanging plc provides a range of complex industry specific processing services to the insurance and financial markets , as well as procurement , finance and accounting , human resources and technology infrastructure services to customers across industries . the company . . .
xchanging’s domain experts work closely with customers across sectors , using innovative technology to transform complex back and middle office processes . by managing this complexity within their businesses ; we give cxos the freedom to simply focus on growing their business .
bangalore : the uk - based xchanging plc signed an agreement with the karnataka government to establish a bpo centre in shimoga , which should be seen as a result of british prime minister david cameron ' s ongoing visit to bangalore .
the arrangements with etb ( under the control of xchanging ) include a 12 - year service agreement . this agreement is aimed to reduce our costs for the agreed security settlement services while maintaining control over services provided as well as the desired quality and performance . it also ensures significant investments of xchanging in order to enhance processes and etb’s service delivery platform for additional new clients . in return for the services received , we provide services such as human resource , controlling , audit and corporate security to etb , as we did before the transfer . the volume of services received from etb in 2004 amounted to € 130 million while the volume of services provided to etb in 2004 amounted to € 43 million . we account for our investment in xchanging etb gmbh under the equity method . currently the group intends to sell a 5 % stake in xchanging etb gmbh to a client of etb , who uses their services to a larger extent .
the results from the activeops initial review of operations management capability in xchanging’s uk bps service centres showed that some areas were more mature than others . now that aom has been embraced across the entire uk bps operation , all of these centres are enjoying a more consistent way of working . to ensure that this consistency is maintained , xchanging have appointed three internal ‘aom champions’ , who—in their capacity as ‘experts’ in aom—support other team leaders and assist with the training of new staff .
the receipt of cash pursuant to the offer by a us holder of xchanging shares may be a taxable transaction for us federal income tax purposes and under applicable us state and local , as well as foreign and other , tax laws .
under this , xchanging will build a state - of - the - art business processing center , that will initially support a capacity of of 1 , 000 people and could scale up to to a 2 , 000 - seat center .
the 2011 xchanging boat race later this month will pit an oxford boat composed largely of british students with an impressive rowing pedigree against a slightly older , multi - national cambridge eight that includes three returning blues from last year’s epic encounter .
each us shareholder of xchanging is urged to consult with his , her or its independent professional adviser regarding any acceptance of the offer including , without limitation , to consider the tax consequences associated with such holder ' s acceptance of the offer .
you can view the entire list of company locations such as registered office , branch office , head office , corporate office , regional offices , overseas office , factory , plants , and training centers etc . with details for xchanging solutions ltd .
the new low - carbon bpo unit in shimoga will be its fourth major processing center in india . xchanging employs over 3 , 400 people in india and has three of its top ten global processing hubs in bangalore , gurgaon and chennai .
xchanging chief executive david andrew , who signed the agreement with the karnataka government owned electronics development corporation ( keonics ) managing director harikumar jha in the presence of yeddyurappa , said his firm was one of the top 200 companies in the uk .
“csc and xchanging together will create a leader in technology and business process services for the global insurance industry , significantly expanding csc’s market coverage and enhancing the range of services to clients of both companies , ” according to a statement issued by csc .
bangalore , india : britain’s xchanging plc has signed an agreement with the government of karnataka to lease and jointly develop six acres of land in a new sez that is being developed in shimoga — a tier 3 town north - west of bangalore .
london , 06 december 2012 : xuber , xchanging ’s newly re - launched insurance software business , has been appointed by marsh , a global leader in insurance broking and risk management , to provide xuber’s brokasure software to more than 1100 users around the world .
find out more numerous additional insights into corporate strategic sourcing and procurement trends and technology , as well as areas for investment in 2015 and beyond , were revealed by the survey . to view the complete results , email your request to : xchanging @ urltoken .
xchanging provides procurement , accounting , human resources and technology services across industries . these include banking , insurance , manufacturing , retail and real estate among others . we combine functional expertise with deep industry domain knowledge to provide industry - specific outcomes for our customers .
other highlights in 2013 include xchanging’s acquisition of chicago - based marketmaker4 , a next generation esourcing software provider , which significantly strengthened the company’s technology offering . xchanging also recently announced a strategic partnership with sdi international , a long - standing player in the supplier diversity and women - owned business segment , and the largest latina - owned firm in the u . s . the partnership creates a joint , end - to - end procurement solution to drive sustainable cost savings , enhanced efficiencies and full category management capabilities for customers .
xchanging strongly believes in the benefits of having close working relationships with our customers as well as with legal and other experts . our fundamental objective is to provide efficient , cost effective , proactive and professional claims handling and claims related services on behalf of our customers .
xchanging is a provider of technology - enabled business processing , technology and procurement services internationally to customers across many industry sectors . listed on the london stock exchange ( lse : xch ) we have over 7 , 200 employees in 10 countries , providing services to . . .
“india is the undoubted global bpo powerhouse , ” added mr . david andrews , ceo xchanging . “today more than one - third of xchanging’s workforce is indian , complementing our strength in the uk , germany and the usa . we have invested in india for the engineering excellence that the country has to offer and the opportunities that exist in this fast growing economy . shimoga is a landmark project . it paves the way to the yet untapped semi - urban potential of india . we are grateful to the government of karnataka for their support” he said .
what we are xuber is an international software house that has been a trusted provider of innovative specialist commercial insurance software , end - to - end , for over 30 years . xuber forms part of xchanging plc , the business process , procurement and technology services provider and integrator .
bangalore , 28 july 2010 – xchanging plc ( lse : xch ) , one of the largest and fastest growing global business processors , has today signed an agreement with the state government of karnataka to lease and jointly develop six acres of land in a new sez that is being developed in shimoga – a tier 3 town north - west of bangalore . xchanging will build a state - of - the - art processing centre on this land , making it one of the first multinational companies to set up a centre in a tier 3 location in india .
xchanging is one of the largest and fastest growing business processors . with a wide range of multinational customers in 42 countries and employing over 8 , 000 people , we are a truly global company . our aim is simply to provide business processing services better , cheaper and faster .
no design aspect was left unturned in order to deliver the most energy efficient building possible for xchanging ; high thermal mass , minimised internal loads , and cool landscaping minimising the heat island effect enabled the design team to create a building which reduces the operating costs by 25 % .
commenting on the integration , jamie macgregor , senior vice president , global insurance at celent , a research and management consulting firm focused on the application of it in the global financial services industry , said : “the addition of xchanging strengthens csc’s insurance footprint where , according to celent’s own data , it is the largest provider of core insurance solutions globally . for xchanging clients , csc brings with it a whole new set of capabilities and skills relevant to its own segment of the market , in areas such as digital transformation , cloud orchestration and broader technology services . ”
the availability of the offer to xchanging shareholders who are not resident in the united kingdom may be affected by the laws of the relevant jurisdictions in which they are resident . persons who are not resident in the united kingdom should inform themselves of , and observe , any applicable requirements .
the availability of the offer to xchanging shareholders who are not resident in the united kingdom may be affected by the laws of the relevant jurisdictions in which they are resident . persons who are not resident in the united kingdom should inform themselves of , and observe , any applicable requirements .
listed on the london stock exchange in 2007 , the company is in the ftse250 , the index of mid - capitalised companies traded on the london stock exchange . xchanging is also a member of the ftse4good index which measures the performance of companies that meet globally recognised corporate responsibility standards .
in business , as in life , you are what you consume . xchanging procurement improves the consumption of things necessary for the life of your business . what to buy , when , and how much . across large organisations , buying decisions involve more than reducing the cost of existing purchases .
with the acquisition of xchanging , csc will be at the heart of the insurance industry’s digital transformation . the acquisition is a cornerstone of the company’s strategy to lead clients on their digital journey with next - generation it offerings . that strategy leverages partners , industry software and deep domain expertise .
clive buesnel , executive director at xchanging , said of the deal , “aon is a very important and exciting win for xchanging . it’s a great partnership and a landmark for us , aon and the industry . it optimizes the value chain and as a result we will be able to transform the way business processing is done in the london market , thereby strengthening london’s competitiveness in an increasingly global insurance market . we are absolutely delighted to be providing processing services for yet another premier global brand , adding aon to our portfolio of long - term partners who , like aon , are all leaders in their industries . ”
aon’s deal with xchanging , which had been anticipated , is a breakthrough in the sense that the world’s second largest brokerage and risk management provider is now firmly committed to full electronic integration of its london market processing operations . the company first announced its decision earlier this year ( see ij website june 23 ) .
xchanging teams drive innovation and transformation for its customer’s processes by leveraging our proprietary process excellence methodology “nextstep” which incorporates quality during the transition and operations phase through a series of processes . it covers the entire lifecycle of a bpo migration and operation , starting from initial contacts with customers through the operations management and deliveries .
tier - iii city shimoga is set to become a business process outsourcing ( bpo ) hub with the state government on wednesday entering into a memorandum of understanding with the u . k . - based global business processor xchanging for building a state - of - the - art high - end business processing centre .
the race , which is sponsored by xchanging - the international business processing company - takes place at 5pm on saturday , 26 march on the river thames . it will be broadcast live on bbc one , bbc america and bbc world news , and will be screened in more than 200 countries around the world .
xchanging first became involved with the race in 2005 and renewed its sponsorship for a further five years in 2008 . since then , the number of countries across the world screening live or recorded highlights of the race has risen by more than 50 to total 153 in 2009 , including china , russia and brazil .
xchanging offers domain centric business process services across industries . our solutions span across insurance , banking & capital markets , private equity , construction & real estate , manufacturing , retail & distribution , healthcare and public sector verticals that allow us to add value to core operations for some of the leading brands in these sectors .
speaking on the shimoga project , british prime minister david cameron said , “my government is keen to lay the foundations of an enhanced relationship between britain and india for the decades to come , and xchanging has demonstrated here in india what can be achieved by british companies when successfully opening up new markets around the world . ”
chief minister of karnataka , bs yeddyurappa said the entry of a multinational in shimoga is an indication of the potential of tier 2 and tier 3 cities of karnataka . “xchanging’s association in joint development of the sez it park at shimoga would usher in it penetration in tier 2 and tier 3 cities , ” he said .
tapping the potential : chief minister b . s . yeddyurappa and chief executive officer of xchanging david andrews ( right ) at the signing of a memorandum of understanding for building a state - of - the - art high - end business processing centre in shimoga , in bangalore on wednesday . — photo : k . gopinathan
“as part of the agreement , more than 500 employees , based primarily in romford , leicester and glasgow , will transfer from aon to xchanging . the partnership agreement is based on xchanging’s unique enterprise partnership model ( a ) approach to the outsourcing , which is designed to handle complexity , minimize any disruption and to start - up with an ‘as - is’ business as usual for aon , while assuming the delivery risk and ensuring guaranteed savings to aon . the partnership will also leverage the significant talents and capabilities of the transferring employees in order to create a platform to offer market - facing services to the london market and the larger insurance industry . ”
xchanging , which concentrates on the provision of human resources , accounting and administration services , is budgeting for turnover of £150m this year and expects to see that figure double to £300m by the end of 2003 with the hoped for award of further large contracts . the company is sitting on a forward order book worth £1 . 6bn .
chicago , il - - ( marketwired - oct 7 , 2014 ) - xchanging plc , the business process , procurement and technology services provider , today revealed the results of a survey on procurement technology and spending trends , with a key outtake being increased recognition among the c - suite of procurement ' s strategic role for businesses .
marie meliksetian , managing director , procurement services for xchanging north america , said : “xchanging procurement services made a strong commitment to growing its business in the u . s . in 2013 , with impressive results . our fast - growing north american customer base and presence in this major market builds on the company’s global position as a top three procurement services provider and extends its successful international track record . our ability to scale - up quickly to fulfil new north american business by growing our domestic team and attracting top industry talent , and by leveraging our extensive global resources , has been compelling to customers . we will continue to aggressively grow our presence in the region going forward . ”
david andrews , ceo of xchanging and hari kumar jha , md of keonics , signed the mou in the presence of chief minister b s yeddyurappa and it minister katta subramanya naidu . andrews was among the delegation which accompanied british prime minister david cameron on his visit to india . six acres of land developed by keonics has been handed over to the xchanging for the sez . xchanging provides procurement , accounting , human resources and technology services . the services include banking , insurance , manufacturing , retail and real estate . it has already set up its global processing hubs in bangalore , gurgaon and chennai . the first phase of the centre will be operational in next 10 months . nimish soni , managing director ( india ) of xchanging said the company had set up a finishing school to train graduates on skills required for the bpo . “we will be hiring local graduates and have already tied up with some colleges to hire fresh graduates” , he said . british prime minister david cameron sent his greeting to the business unit in shimoga . “my government is keen to lay the foundations of an enhanced relationship between britain and india for the decades to come , and xchanging has demonstrated here in india what can be achieved by british companies when successfully opening up new markets around the world” , he said . it minister katta subramanya naidu said the government will assist the company to expand its operation in shimoga . chief minister yeddyurappa thanked the company for choosing a tier iii city to invest . “the mou with the uk based company has shown that smaller cities also have potential to attract investments . the government will develop the tier ii and tier iii cities so that more investment is attracted , ” he said . dh news service
the brief to architects chadwick international was to build a low cost , low carbon workplace for xchanging in the academic city of shimoga , 280kms north west of bangalore . chadwick commissioned buro happold to determine whether a passive design approach could be taken to the building which at that stage had been ‘right sized’ used their proprietary organisational spacetime modelling® technique .
xchanging employs the largest pool of claims professionals within the london insurance market , operating delegated authority services contracts on behalf of lloyd’s managing agents and london market companies , as well as administration and co - ordination . our adjusters have extensive expertise across all lloyd’s risk codes . over 80 % of lloyd’s managing agents have a contract with xcs elective services .
to see the number of executive teams viewing procurement as strategic nearly double year - on - year is extremely promising ,
said dave bowen , managing director of procurement , xchanging americas , and ceo of mm4 , xchanging ' s esourcing business .
one of the reasons for shifting opinion is the increasing potential to source from new low cost markets , which is creating a compelling opportunity to impact the bottom line . but it ' s more than that . recent , significant advancements in technology and service provider maturity have led to some really eye - popping business cases that make procurement ' s strategic value clearer than ever . we ' re seeing this in practice with customers and prospects .
in a major step towards bringing electronic processing to the london market , aon limited ( also known as aon u . k . ) , the british division of aon corp . , and xchanging , the london - based business processing services company , have entered into a partnership arrangement with an initial 10 - year service contract , effective sept . 1 .
the receipt of cash pursuant to the offer by a us holder of xchanging shares may be a taxable transaction for us federal income tax purposes and under applicable us state and local , as well as foreign and other , tax laws . each us shareholder of xchanging is urged to consult with his , her or its independent professional adviser regarding any acceptance of the offer including , without limitation , to consider the tax consequences associated with such holder ' s acceptance of the offer . furthermore , the payment and settlement procedure with respect to the offer will comply with the relevant united kingdom rules , which differ from the united states payment and settlement procedures , particularly with regard to the date of payment of consideration .
xchanging offers business process services across finance and accounting ( f & a ) , crm & customer administration and analytics . our industry specific solutions span the real estate , healthcare , financial services , education , telecommunications and logistics verticals . our array of bespoke solutions allow us to add value to core operations for some of the leading brands in these industries .
research from the xchanging london market conference digital survey in 2016 shows that 45 percent of respondents thought their company was only partially equipped with the right management capability and skill set to implement a transformation initiative . furthermore , just under 40 percent felt that a lack of modernisation was a factor making the london market less competitive compared to other insurance hubs , second only to cost .
xchanging plc provides a range of complex industry specific processing services to the insurance and financial markets , as well as procurement , finance and accounting , human resources and technology infrastructure services to customers across industries . the company has three sectors : insurance , financial markets and business lines . in january 2008 , the company completed the acquisition of mercuris sa , a procurement outsourcing service provider .
xchanging provides technology - enabled business solutions to the global commercial insurance industry . we bring innovation , thought leadership and passion to its customers ' businesses so as to enhance performance and value . our values are embedded into everything we do . we want to be regarded as the best provider in its chosen markets by delivering services that are recognised for outstanding quality , reliability and innovation .
with xchanging’s key position in the london insurance market , we are ideally placed to create and maintain market co - ordination services across a wide range of classes of business , including property , political risks , binding authorities and reinsurance claims . our experience in developing key event protocols , mud maps and amalgamating market intelligence ensures that our client are fully aware of any involvement they have across claims .
the offer will be made for securities of an english company with a listing on the london stock exchange , and xchanging shareholders in the united states should be aware that this announcement , the offer document and any other documents relating to the offer have been or will be prepared in accordance with the code and uk disclosure requirements , format and style , all of which differ from those generally applicable in the united states . xchanging ' s financial statements and all financial information that is included in this announcement , or that may be included in the offer document or any other documents relating to the offer , have been or will be prepared in accordance with international financial reporting standards adopted in the european union and may not be comparable to the financial statements or other financial information of us companies .
satyen patel , executive vice chairman , cambridge solutions ltd . , added : “we consider this innovative partnership to be a ground - breaking one . it leverages the complementary strengths of each partner effectively and provides continuity to an established offshore - outsourcing relationship that cambridge solutions ltd . enjoys with aon uk . more importantly , cambridge now looks forward to working with xchanging to service the broader london insurance market . ”