Business technology and services provider Xchanging plc has announced that it has achieved exceptional results with MM4, a year after acquiring the eSourcing business.

In 2014, the company saw revenue growth of 60 per cent, the addition of 40 new customers and expansion into new markets such as Australia, Russia and Latin America.

Chirag Shah, Executive Director at Xchanging Procurement, said: ‘I am thrilled to be able to report on the success of MM4 in the first full year since the acquisition by Xchanging. Our procurement teams and services are now fully integrated, which is driving major benefits to our customers and responding to their evolving business needs.’

For weekly news updates, subscribe to our email newsletter.

Read this next: Xchanging Shares Take a Hit after £45.8m Profit Decline