Xchanging: Difference between revisions
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'''Xchanging plc''' ({{lse|XCH}}) is a business processing company, with a wide range of multinational customers in 42 countries and employing over 8,000 people worldwide. It is listed on the [[London Stock Exchange]] and is in the [[FTSE 250 Index]]. Xchanging is also a member of the FTSE4Good index. |
'''Xchanging plc''' ({{lse|XCH}}) is a business processing company, with a wide range of multinational customers in 42 countries and employing over 8,000 people worldwide. It is listed on the [[London Stock Exchange]] and is in the [[FTSE 250 Index]]. Xchanging is also a member of the FTSE4Good index. |
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'''Xchanging use a building in Folkestone Kent. Some of the offices in this building in Folkestone are very detrimental to the health of the employees . Since Xchanging took the office over in 1992, they have increased the number of desks in some of the rooms so that the employees have insufficient space to sit comfortably. This has already caused at least one employee to develop deep vein thrombosis whilst sitting at their desk. Although the situation regarding lack of desk space was raised many times the company failed to recognize the problem. |
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This is fact and actually happened.''' |
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==History & Growth== |
==History & Growth== |
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Xchanging was founded in 1999, by [[David Andrews (CEO Xchanging)|David Andrews]], a former partner in [[Andersen Consulting]]. Xchanging was first listed on the [[London Stock Exchange]]<ref>[http://www.insurancejournal.com/news/international/2007/03/27/78130.htm Xchanging prepares IPO]</ref> and entered the FTSE250, in 2007. In 2009, it completed the acquisition of a 75% of Cambridge Solutions, an international business processing outsourcing company and IT services provider <ref>[http://markets.ft.com/ft/tearsheets/businessProfile.asp?s=XCH%3ALSE Xchanging Profile.]</ref> |
Xchanging was founded in 1999, by [[David Andrews (CEO Xchanging)|David Andrews]], a former partner in [[Andersen Consulting]]. Xchanging was first listed on the [[London Stock Exchange]]<ref>[http://www.insurancejournal.com/news/international/2007/03/27/78130.htm Xchanging prepares IPO]</ref> and entered the FTSE250, in 2007. In 2009, it completed the acquisition of a 75% of Cambridge Solutions, an international business processing outsourcing company and IT services provider <ref>[http://markets.ft.com/ft/tearsheets/businessProfile.asp?s=XCH%3ALSE Xchanging Profile.]</ref> |
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Revision as of 09:17, 18 May 2010
| File:Xchanging brand.png | |
| Company type | Public (LSE: XCH) |
|---|---|
| Industry | Business processing |
| Founded | 1999 |
| Headquarters | London, United Kingdom |
Key people | Nigel Rich (Chairman) David Andrews (CEO) |
| Revenue | £750.4 million (2009)[1] |
| £63.9 million (2009)[1] | |
| £12.9 million (2009)[1] | |
Number of employees | 8000 (2010)[2] |
| Website | www.xchanging.com |
Xchanging plc (LSE: XCH) is a business processing company, with a wide range of multinational customers in 42 countries and employing over 8,000 people worldwide. It is listed on the London Stock Exchange and is in the FTSE 250 Index. Xchanging is also a member of the FTSE4Good index. Xchanging use a building in Folkestone Kent. Some of the offices in this building in Folkestone are very detrimental to the health of the employees . Since Xchanging took the office over in 1992, they have increased the number of desks in some of the rooms so that the employees have insufficient space to sit comfortably. This has already caused at least one employee to develop deep vein thrombosis whilst sitting at their desk. Although the situation regarding lack of desk space was raised many times the company failed to recognize the problem. This is fact and actually happened.
History & Growth
Xchanging was founded in 1999, by David Andrews, a former partner in Andersen Consulting. Xchanging was first listed on the London Stock Exchange[3] and entered the FTSE250, in 2007. In 2009, it completed the acquisition of a 75% of Cambridge Solutions, an international business processing outsourcing company and IT services provider [4]
Based on a number of long-term Enterprise Partnerships[5]and the acquisition of Cambridge Solutions, Xchanging reported a 35% revenue increase year-on-year in revenue to £750.4m [6], at the end of 2009.
Operations
Xchanging operates a global production model through its nine principal office locations in Australia, France, Germany, India, Japan, Malaysia, Singapore, the UK and USA.[7]
Xchanging provides Procurement, Finance & Accounting, Human Resources, Technology and Customer Administration services across industries.[8]
- Procurement – Managing direct & indirect spend and sourcing strategies
- Finance & Accounting - Processing of receipts and payments, net settlement and clearance
- Human Resources - Providing employment services from recruitment through to payroll and pensions payment, back-to-work and medical compensation schemes
- Technology – Design, build and run IT infrastructure and software
- Customer Administration - B2B and B2C services to support customer’s customer
Xchanging provides specific outcomes for industries[9] such as:-
- Banking & Securities – Processing securities transactions and retail investment accounting
- Insurance – Processing of insurance policies, premiums & claims, and broker annuity
- Other Financial Services - IT systems & hosting for exchanges, processing services for fund managers, investors, as well as SWIFT managed infrastructure services to banks
- Industrial, Commercial & Public – Including retail, real estate, manufacturing and logistics as well as services for the public sector in the US and Asia-Pacific
University Boat Race
Xchanging has been the title sponsor of the historic, annual boat race between the Oxford and Cambridge universities for the 5 years, starting 2005. And with the 156th race, held on April 3rd 2010, the boat race officially came to be called the ‘Xchanging Boat Race’ [10], after the sponsors who will continue to support the event till 2012.
The first Xchanging Boat Race, won by Cambridge after a gap of two years, drew record viewership[11] on TV, online and along the river Thames with thousands of spectators lining the banks.