London-based Xchanging has agreed to pay $145.6 million to acquire 75 percent of the fully diluted share capital of Bangalore, India-based Cambridge Solutions from a group of Cambridge Solutions' major shareholders.
Cambridge Solutions is the parent of Cambridge Integrated Services, a Greenwich, Conn.-based claims and risk management services firm. The transaction was announced last week.
With approximately 4,500 employees, Cambridge Solutions is an international business process outsourcing (BPO) and information technology services provider with a global presence through offices in eight countries across four continents.
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