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

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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 . ”