Sedgwick Claims Management Services acquires Cambridge Integrated Service Group, Inc.

By admin, June 21, 2011 5:14 am

Cambridge Solutions Ltd - a bpo firm sold its subsidiary Cambridge Integrated Service Group, Inc which was making loss for 22.7million dollars to Sedgwick Claims Management Services which is US based. Almost 75% stake in Cambridge Solutions is owned by Xchanging Plc. - British bpo firm.
Ken Lever, CEO of Cambridge Solutions said that the future of its employees and customers is secured due to this take over of this bpo firm.
Cambridge Solutions has about 4600 employees and is an international information technology and bpo service provider. In FY 2010, the company reported net income of 49.53 million dollars with almost 66% of its revenue generated from the USA, India, and Europe. Its main role is processing insurance claims.

Photo source PinkMoose

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