Xit2 is believed to be making a number of its staff redundant following the closure of its head office in Charlbury.
The mortgage and property outsourcing specialist was acquired by Decision Insight Information Group in January 2011 and the move is believed to be a cost-cutting exercise.
Xit2 is planning to move its base from Charlbury and relocate to DIIG’s European headquarters in Kent.
The company has refused to confirm how many of its 40 staff are facing redundancy but has confirmed that Mark Blackwell, managing director of xit2, and the senior management team will be transferring to the Kent office.
Xit2 says the move will provide its customers with enhanced support for product development and customer service.
Mark Blackwell, managing director of xit2, says: “This move ensures we are able to maximise the full benefits of the technological expertise and resources available across the Decision Insight Group, we look forward to demonstrating enhancements and innovation to existing and new clients in the months ahead.”