05 November 2012

Xchanging to Open New Delivery Centres in the Philippines and China

- Currently Xchanging has 4,500 staff at 18 offices across APAC 

London - 01 November 2012 - Xchanging, the business process, procurement and technology services provider and integrator today announces its intention to open new delivery centres at two locations in Asia. 

On the back of its strong Asia presence, already operating out of 11 locations in APAC, Xchanging is setting up two centres in the Philippines and China. The centres are being established to cater to the global demand for BPO, ITO & Procurement services in the insurance, real-estate, BFS and other verticals. Xchanging is further enhancing its offering to the APAC market by adding new services lines. These will include cloud computing services in conjunction with YTL delivery insight. Xchanging Malaysia is the joint venture between Xchanging and YTL Communications that is setup to provide cutting edge cloud services, Telco & 4G services, Infrastructure management and BSS / OSS services. 

APAC is a not only a core market for Xchanging and one that it is actively expanding, it is also a key delivery hub, given the availability of scalable talent in countries like India, Philippines & China. Our strategy is in line with analyst predictions that the business process outsourcing market in Asia-Pacific is on pace to reach US$6.45 billion this year and hit US$9.5 billion by 2016, with many growth opportunities still untapped. 

Currently Xchanging has 4,500 staff at 18 offices across APAC, servicing over 250 clients. Xchanging's Asia Pacific business includes Singapore, Australia, Malaysia, India, China and Japan with clients also in Thailand and Indonesia. It is a major interface provider for all Lloyd's China insurance transactions and manages over 60,000 claims annually in Australia. 

Julie Lynch, Head of Relations at Xchanging said: "APAC is a key market for us as we continue to grow our business globally. The new locations and services build on an already broad range of services we provide for customers across the region. APAC is obviously a very diverse region culturally but the issues there are the same as other territories and Xchanging is very proud to be at the heart of this exciting region, which is undergoing transformational expansion." 

Xchanging provides business processing, technology and procurement services internationally for customers across multiple industries. Listed on the London Stock Exchange (LSE:XCH), we have over 7,500 employees in ten countries providing services to customers in 48 countries. 

Source: Xchanging