SOURCE: Xchanging

July 13, 2010 02:00 ET

XCHANGING WINS A TWO YEAR OUTSOURCING CONTRACT WITH SAUDI DEVELOPMENT AND TRAINING COMPANY (SDT)

LONDON--(Marketwire - July 13, 2010) -


Press Release

XCHANGING WINS A TWO YEAR OUTSOURCING CONTRACT WITH SAUDI DEVELOPMENT AND TRAINING COMPANY (SDT)

Xchanging to provide a managed service for Learning and Development (L&D) procurement for SDT

LONDON, 13 July 2010 - Saudi Development and Training Company (SDT), one of the leading providers of Human Resource solutions across the Middle East has awarded a two year outsourcing contract to Xchanging (LSE: XCH), one of the largest and fastest growing global business processors. Xchanging will manage procurement of a diverse portfolio of Learning and Development (L&D) courses in the UK and Saudi Arabia on behalf of SDT.

Established over 10 years ago and headquartered in Riyadh, Saudi Arabia, SDT is a company that specialises in technical, vocational and English language training as well as manpower resourcing and localisation solutions.

As part of the contract, Xchanging will set up a sourcing hub for SDT with a central support helpdesk. A vendor management programme will also be introduced with the aim of optimising the supply chain. SDT will have a dedicated team of L&D procurement category experts from Xchanging who will procure a diverse portfolio of assessment and training programmes

Commenting on this contract, Andrew Johnston, Head of Commercial and Procurement, SDT said, "We understand the importance of having the right partners when competing on an international stage. Our aim is to continuously improve the quality and value that we get from our suppliers, so that we can deliver a first-class service to our clients. With Xchanging we know we have the right expertise to manage a best-in-class procurement service for SDT".

Richard Houghton, Chief Financial Officer, Xchanging added, "We are delighted to be forming a relationship with SDT. It is also significant as it expands our procurement services business into the Middle East. We look forward to working with SDT to provide enhanced value from their supplier relationships".

Xchanging manages annual indirect spend of over £1 billion on behalf of large corporations and services multi-sector customers across a range of geographies and industries. With high-calibre procurement category experts and world- class technology, Xchanging offers a complete suite of procurement services from sourcing and spend management to procure-to-pay. Xchanging is recognised as a tier one Procurement Services provider globally by the Everest Research Institute.

- ENDS -

For further information, please contact:

Xchanging
Meeta Thareja                    Tel: +44 (0)20 7780 5374
meeta.thareja@xchanging.com

Cardew Group                     Tel: +44 (0)20 7930 0777
Rupert Pittman / David Roach
xchanging@cardewgroup.com


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-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.

www.xchanging.com

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Source: Xchanging via Thomson Reuters ONE

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