News
Xchanging Secures £50million in Committed Equity from General Atlantic Partners
02 Nov 2002
Xchanging, the leading UK Business Process Outsourcing (BPO) company, has today announced that General Atlantic Partners, LLC has committed £50 million of equity for the expansion of Xchanging internationally.
Xchanging specialises in increasing the efficiency of complex back-office functions. It has established a financially sound and rapidly growing UK business through partnering arrangements with leading companies.
David Andrews, Xchanging's CEO and founder, says: "This fundraising underpins our goal to build on our solid UK base and become a global BPO leader."
David Hodgson, a partner of General Atlantic and a board member of Xchanging commented: "Xchanging has a demonstrated track record of assisting multinational corporations in achieving best-in-class performance through outsourcing partnerships. We are pleased to be able to provide both funding and strategic assistance to Xchanging."