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Xchanging snaps up network security business Data Integration for up to £9 million

Business processing specialist Xchanging plc (LON:XCH) has snapped up Data Integration Ltd, a privately owned provider of security and communications technology for up to £9 million.

UK based Data Integration, which generated revenues of £14.5 million in the year ending 31 March 2010, was already part of FTSE 250 constituent Xchanging’s preferred partner network.  The company offers a range of network security solutions to both the public and private sector.

"We see an exciting future for us together as BPO services are increasingly delivered through cloud computing-based technologies. Xchanging and DI have already created this electronic managed service for claims handling with the London insurance market - a leading example of the power of new generation technologies in business processing,” David Andrews, CEO of Xchanging said.

Disclosure: The authors holds no positions on the company