Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Xchanging Secures First Utility Customer With a New Three Year Procurement Contract With Severn Trent Services


Xchanging Secures First Utility Customer With a New Three Year Procurement Contract With Severn Trent Services

Announcement Comes on the Heels of Contract Win With Leading Biobased Solutions Company, Totalling Nine Customer Wins for Xchanging To-Date in 2013

CHICAGO, IL and LONDON -- (Marketwired) -- 11/05/13 -- Xchanging, the business process, procurement and technology services provider, has announced that Xchanging Procurement Services, a global leader in procurement solutions, has signed in the U.S. a three-year global contract with Severn Trent Services (STS), a leading supplier of water and wastewater solutions and a member of the Severn Trent Plc group of companies. The appointment is the ninth major win for Xchanging Procurement Services this year and marks the company's first contract in the utility sector.

The global agreement will cover strategic sourcing, category and contract management services, and analytics across all STS indirect procurement spend. The contract will incorporate Xchanging's recent acquisition of MM4, where the MM4 e-sourcing platform will act as a critical driver in delivering savings.

Xchanging also recently closed a deal with a leading biobased solutions company, which has appointed it to provide strategic procurement services to the organization as part of a three-year services agreement. Xchanging will provide the full source-to-manage process in the following indirect categories for the company:


 
--  Facilities Management
--  Human Resources Services, including Temporary Labor
--  Information Technology
--  MRO
--  Professional Services
--  Sales and Marketing
--  Travel

These strategic wins represent the continued strong momentum in North America and Europe for Xchanging Procurement Services, the third largest procurement services provider globally.

Ian Dearnley, Vice President Product Management and Global Procurement, Severn Trent Services said: "STS wanted to improve spend visibility and increase coordination in all areas of indirect spend. Xchanging proved they can deliver unparalleled value in enabling us to achieve maximum value for spend, introduce standard global processes and enable scalable growth."

Marie Meliksetian, CEO U.S. Xchanging Services, Inc. and Managing Director, Procurement Services for Xchanging North America, said: "Both of these new contracts are special partnerships aimed at achieving a high-touch quality service customized to the companies' needs, and are based on a mutual trust and cultural fit. These wins are not only a testament to our capabilities and innovative procurement offerings, but also a validation to our expanding footprint in the U.S. Xchanging Procurement Services has increased its North American customer base significantly in 2013, and we will continue our growth path through strategic partnerships that are truly based on Xchanging's quality high-touch delivery model."

Xchanging

What we are Xchanging provides business processing, technology and procurement services internationally for customers across multiple industries.

What we do Xchanging brings innovation, thought leadership and passion to its customers' businesses so as to enhance performance and value. Our values are embedded into everything we do.

What we want to be Xchanging wants to be regarded as the best provider in its chosen markets by delivering services that are recognised for outstanding quality, reliability and innovation.

www.xchanging.com

About Severn Trent Services

Severn Trent Services (www.severntrentservices.com) with global headquarters in Fort Washington, Pa., USA, is a leading supplier of water and wastewater solutions. The company's broad range of products and services is concentrated around disinfection, instrumentation and filtration technologies and contract operating services. Our operating services business provides contract management, operations support and systems improvements for utility, industrial and commercial water and wastewater customers in the United States, United Kingdom, Ireland and Italy. Severn Trent Services is a member of the Severn Trent Plc (London: SVT.L) group of companies. Severn Trent is a FTSE 100 company.

For further information please contact: Megan Parker Finn Partners megan.parker@finnpartners.com 312-329-3975

Andrew Smith Lansons Communications xchangingprocurement@lansons.com 020 7294 3681

Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement