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Xchanging PLC (LSE: XCH〔(XCH stock listing )〕) is a company which provides business processing, technology and procurement services in 42 countries for customers across many industry sectors. The company offers expertise in business processing, with knowledge of insurance and financial services. Xchanging offers IT outsourcing, infrastructure including network managed services, software products and application management. It also sells procurement services. Xchanging has offshore centres in India, Malaysia and Singapore. Xchanging employs over 8,000 people worldwide.〔(Xchanging website, About Us )〕 It is listed on the London Stock Exchange and is in the FTSE SmallCap Index. Xchanging is also a member of the FTSE4Good Index. ==History== Xchanging was founded in 1999, by David Andrews, a former partner in Andersen Consulting. Andrews came up with the idea at Andersen Consulting, to create joint ventures with large multinationals to outsource the processing of back-office transactions.〔(The Power of Partnerships )〕 In 2000, Xchanging and BAE Systems created the first of these 'Enterprise Partnerships',〔(BPO Enterprise Partnerships )〕 for HR services (see also〔http://www.prnewswire.co.uk/cgi/news/release?id=188248〕). A second followed soon after, again with BAE Systems, for indirect procurement.〔(BAE Press Release )〕 In 2012, Xchanging entered the US Indirect Procurement market through an agreement with U.S. based BAE Systems representing $800 million in spend to be addressed over 7 years.〔()〕 Two years later, Xchanging and Lloyd's of London created two more 'Enterprise Partnerships',〔(Lloyd's Press Release )〕 one for claims processing, and one for the London Insurance market’s back office system; the latter including the IUA〔http://www.iua.co.uk/AM/Template.cfm?Section=Home〕 as a partner too. Further partnerships were signed with Deutsche Bank〔http://www.finextra.com/news/fullstory.aspx?newsitemid=11910〕〔(Deutsche Bank Annual Report )〕 in 2004 (launching Xchanging into the European financial market), Aon in 2006 (in broking services)〔http://www.insurancejournal.com/news/international/2006/08/14/71401.htm〕 and Allianz GI〔(The Telegraph, Xchanging in 270m Allianz Deal )〕〔(Allianz Outsoucring Deal )〕〔(Allianz Press release )〕 in 2007. In 2007〔(Xchanging Press Release )〕 Xchanging listed on the London Stock Exchange, entering the FTSE250.〔(The Guardian )〕〔(Insurance Journal )〕 In 2009, Xchanging acquired〔http://www.tradingmarkets.com/.site/news/Stock%20News/2266265〕 a 75% stake in Cambridge Solutions,〔http://www.cambridgeworldwide.com〕 another outsourcing business. This acquisition was to deliver greater scale, broader international reach, and a number of platforms for future growth.〔http://www.finextra.com/news/announcement.aspx?pressreleaseid=23766〕 In 2010,〔http://www.xchanging.com/Media/PressRelease.aspx?ID=201〕 Xchanging further expanded in the European financial sector by developing an eighth 'Enterprise Partnership' with Italian group, SIA-SSB.〔http://www.finextra.com/news/announcement.aspx?pressreleaseid=35043〕 As part of this 'Enterprise Partnership', Xchanging acquired 51% of Kedrios S.p.A. (Kedrios), the Italian subsidiary of SIA-SSB that specialises in securities processing and fund administration services for the Italian market. With this, Xchanging entered the Italian market. This market is one of the larger outsourcing markets in Europe.〔(The Register, Outsourcing Demand Rises )〕 In mid 2010, Xchanging acquired security and technology communications company, Data Integration.〔(Xchanging snaps up Data Integration for up to 9 million )〕 The company〔(Data Integration )〕 is an IT services business in the United Kingdom. The company specialises in network security, application optimisation, mobility services, high performance networks, IP telephony and open access networks. Data Integration serves more than 300 customers in the UK, spanning the private and public sectors. Based on a number of long-term Enterprise Partnerships and the acquisition of Cambridge Solutions, Xchanging reported a 35% revenue increase year-on-year to £750.4m, at the end of 2009.〔(Financial Times, Xchanging )〕 On 8 February 2011, Xchanging issued a profit warning and announced a £100 million write-off on goodwill. David Andrews stepped down with immediate effect and became "senior adviser to the chairman", Ken Lever assumed the role of Acting Chief Executive Officer in addition to his role as CFO.〔http://online.hemscottir.com/ir/xch/ir.jsp?page=news-item&item=583915836314522〕 In June 2011 Ken Lever became Chief Executive Officer with David Bauernfeind being appointed Chief Financial Officer. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Xchanging」の詳細全文を読む スポンサード リンク
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