Inaugurates new state-of-the-art U.S. Headquarters in Chicago CHICAGO, Oct. 20 /PRNewswire-FirstCall/ -- As part of its expansion into the U.S. market, Xchanging plc (LSE:XCH), the global business processor, opened its new U.S. headquarters in Chicago today. The office will serve as the Americas' hub for launching Xchanging's unique Enterprise Partnership model in the U.S. market. This model moves beyond traditional outsourcing, turning back office cost centers into profit centers. Founded in 1999, Xchanging is a fast growing global business processor with close to 9,000 employees in nine countries. The company delivers complex, large scale processing and technology services to blue chip customers in 42 countries. Listed on the London Stock Exchange, Xchanging has almost doubled its revenues since 2004 by operating in high growth markets. The company ranks among the FTSE250 index, which is made up of top performing mid-cap companies traded on the London Stock Exchange. Founder and CEO David Andrews said: "Establishing our U.S. business marks a significant milestone for Xchanging as it forwards our ambition to be the global business processor of choice for our customers. This investment is a reflection of our commitment to the U.S. market and our U.S. customers." Xchanging employs 1,300 employees in the region, out of which 130 will be based in the Chicago headquarters located at 8755 West Higgins Road. Steven Beard, President of the Americas region for Xchanging, added: "Chicago is a global city and was the natural choice for Xchanging's U.S. headquarters. Chicago's strategic location, world-class infrastructure and vibrant workforce are the perfect combination for us to serve our fast growing customer base in the region. Xchanging is a customer-centric organization and the city allows us to be closer to our customers and to respond faster to their needs." Xchanging's new U.S. headquarters in Chicago follows global best practices in design and technology to create a state-of-the-art environment. Situated in a high visibility location close to O'Hare airport, this new office has been designed by Xchanging's in-house architects and follows a repeatable format seen in all Xchanging offices across the world. The design supports lean processing and includes communication, process and production hubs that facilitate collaboration and transparency with its customers. The facility will also help advance Xchanging's corporate social responsibility goals by providing an economical and environmentally responsible workplace. "We are delighted that Xchanging is locating its U.S. headquarters in Chicago," said Rita Athas, President of World Business Chicago. "Their decision reaffirms the quality of Chicago's workforce and our extraordinary business community. We welcome this fast growing global corporation and look forward to working with Xchanging in the years to come." In addition to establishing its headquarters in Chicago, Xchanging will also invest in the development of a U.S. based campus-style Center of Excellence with a dedicated training academy for employees. The company will invest in seven processing centers in strategic locations across the U.S. to support its growth plans in the region. These regional hubs will be supported by satellite offices to fortify customer relationships with local presence. About Xchanging Xchanging is a fast growing, pure play global business processor with blue chip customers. We provide complex industry specific processing services to the banking and insurance industries as well as procurement, finance and accounting, and human resources services across industries. http://www.xchanging.com/ DATASOURCE: Xchanging CONTACT: Jessica Malkin, Tiller LLC, +1-312-255-8090, Web Site: http://www.xchanging.com/

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