Xchanging ('Xchanging'), the international pure play business process outsourcing (BPO) company, announces that its trading performance for the year ending 31 December 2007 is expected to be in line with expectations.
Highlights of the second half of 2007
- The Retail Investment Account management Enterprise Partnership with Allianz Global Investors completed in November
- The Sparda Bank Group and Netbank securities processing outsourcing contract has been renewed for 7 years from October 2008
- Under the Business Support offering, a range of Insurance services have been supplied to many of the leading US and European Insurers and the HR Immigration Services contract with Citi has been renewed
- Product offerings have continued to perform well with the sale of the Central Pricing Service to a number of German banks and a number of insurance software sales being made in the UK and the US.
Looking forward, there continue to be encouraging levels of activity as clients seek higher efficiency and service levels. Based on the high degree of visibility of 2008 revenues from existing contracts and our pipeline of opportunities, Xchanging looks forward to continued strong growth in the year ahead.
Xchanging will announce its preliminary results for the year ended 31 December 2007 on 25 February 2008.