Xchanging acquires US tech company
Xchanging subsidiary Xchanging Inc has acquired Market Maker4, an e-sourcing technology company based in the US, for a potential total consideration of up to $22m (£13.7m), subject to certain performance criteria.
Market Maker4 will continue to be marketed under the same name. It has an existing customer base of more than 35 companies.
Ed Cross, Xchanging procurement services executive director, commented:
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