28th Jun 2007 07:01
Xchanging PLC28 June 2007 Xchanging plc Trading Update Xchanging plc, the international pure play business process outsourcing (BPO)company, announces that trading performance for the six months ending 30 June2007 is in line with management expectations. Highlights from the first half of 2007 • Completed the buy out of two highly successful partnerships with BAE Systems in HR and procurement business processing for £57 million. • Completed the delivery of a full insurance processing solution to Lloyd's Reinsurance China Company Limited (LRCCL). • Confirmed plans to jointly launch an ACORD messaging hub with Advisen to all brokers and insurers in the London Market. The messaging hub will support message traffic for placement, endorsements, accounting & settlement and electronic claims, whether in a peer-to-peer or bureau-based trading model. • Signed a deal with the North Devon NHS Trust to provide payroll services to 4,000 NHS employees for the next 5 years. • Signed a five-year £1.7 million annual contract renewal to provide HR services to SELEX Sensors and Airborne Systems (SELEX S&AS). Overall, trading in the first half of the financial year is in line withmanagement expectations. Xchanging continues to see good levels of activity inthe business process outsourcing market and remains excited about futureprospects. Xchanging will announce its 2007 Interim results on 31 July 2007. Contacts Xchanging plc:David Andrews, CEORichard Houghton, CFO13 Hanover Square, London W1S 1HNPhone: +44 (0) 20 7780 6999 Tulchan Communications: David Trenchard David Allchurch Phone: +44 (20) 7353 4200 About Xchanging plc Xchanging is a leading international pure play business process outsourcingcompany providing industry specific processing to the banking and insuranceindustries and procurement, finance and accounting and human resources servicesto customers across industries. www.xchanging.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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