SOURCE: Xchanging

July 08, 2010 02:12 ET


LONDON, UK--(Marketwire - July 8, 2010) -

Press Release

XCHANGING SECURES SIGNIFICANT CONTRACT RENEWALS IN THE AMERICAS REGION To provide workers' compensation claims processing and managed care services, delivering increased efficiency and productivity to a number of customers

CHICAGO, 08 July, 2010 - Xchanging plc (LSE: XCH), one of the largest and fastest growing business processors, has successfully secured contract renewals from a number of its existing customers in the Americas region. These renewals include the extension of a contract with an Illinois-based purchasing group of over 120 public schools for workers' compensation services; extension of medical claims processing services contract with a generic drug manufacturer as well as a contract renewal with one of the largest retailers of consumer computers, electronics and appliances for claims processing services.

Xchanging provides workers' compensation claims processing and managed care services to customers across the USA, UK and Australia. Its claims processing services in the US also include other areas such as professional, auto, product, general and consumer warranty liability claims. Xchanging's services are focused on reducing costs of total loss, through an outcome-based outsourcing approach.

Commenting on the renewals, David Andrews, CEO Xchanging said, "Since establishing our regional presence in the Americas in 2009, we re- organized the services we provide to our existing customers. This was done with the aim to deliver better claims outcomes and higher quality with more consistent service. These renewals reflect the success of our strategy for the US market. We are delighted with the response we have received from our customers and look forward to building these relationships further".

Steven Beard, President of Xchanging Americas added, "These renewals represent a seal of approval for the innovation and results we have delivered for our customers. We are very pleased with the trust our customers have placed in us and committed to providing the highest levels of service and value".

- ENDS -

For further information, please contact:

Xchanging - Group PR

Meeta Thareja,                               Tel: +44 (0)20 7780 5374

UK - Cardew Group                            Tel: +44 (0)20 7930 0777
Rupert Pittman / David Roach

Xchanging - Americas

Alana Rigal                                  Tel:  1-212-209-3956

About Xchanging

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.

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.

Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the index of mid-capitalized 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 recognized corporate responsibility standards.


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Source: Xchanging via Thomson Reuters ONE

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