EXL

In 2014, EXL expanded into Latin America through a strategic joint venture with CT&S through which EXL's technology experience would be combined with CT&S's local knowledge and brand image. This joint venture also supported the growing customer base of EXL for Spanish-language services.

In 2018, EXL acquired SCIOInspire Holdings, expanding its healthcare analytics capabilities.

In 2021, EXL acquired Clairvoyant, adding scale in data, AI, and cloud engineering.

In 2024, EXL announced the acquisition of ITI Data, a data management solutions firm that works with the world's largest banks, financial services and healthcare companies.

In 2026, EXL completed the acquisition of iMerit, an AI model training and reinforcement learning leader.

Acquisition history

2026

EXL completed the acquisition of iMerit, an AI model training and reinforcement learning leader, on August 03, 2026.

2024

EXL announced the acquisition of ITI Data, a data management solutions firm that works with the world's largest banks, financial services and healthcare companies on August 1, 2024.

2021

EXL acquired Clairvoyant, a global data, AI, and cloud services firm, on December 20, 2021. Clairvoyant specializes in data engineering and cloud enablement, further supporting EXL's clients in insurance, healthcare, banking and financial services, and retail.

2018

EXL acquired SCIOInspire Holdings, a healthcare analytics company on July 2, 2018. The company, known as SCIO Health Analytics, specializes in healthcare data and analytics, with a focus on payment integrity and fraud, waste, and abuse.

2015

EXL acquired RPM Direct LLC and RPM Data Solutions, LLC (collectively, "RPM") on 23 March 2015. RPM specializes in analyzing large consumer-data sets to segment populations, predict response rates, forecast customer lifetime value, design and execute targeted, multi-channel marketing campaigns, especially in areas of healthcare and insurance. The purchase was made in $47 million cash plus contingent cash consideration of up to $23 million and about 122,131 shares of restricted stock.

2014

In July, EXL purchased the business process consultancy Blue Slate Solutions, which specialized in "optimizing business processes in the Healthcare industry".

In August, EXL acquired a majority stake (51%) in the business process outsourcing unit of Carvajal Technologia y Servicios (CT&S), thereby establishing a joint-venture between the two companies which would directly provide services to clients in Latin America as well as oversee global delivery of EXL's Spanish-language services.

2012

In October, EXL acquired Landacorp, a provider of healthcare technology.

2011

In May, EXL had entered into a definitive agreement to acquire Outsource Partners International for US$90 million, one of the last standing pure play Finance & Accounting Outsourcing (FAO) service providers. Despite the reduction in pure play FAO service providers, at the time there were over 20 companies providing FAO services as part of their portfolio.

2010 and before

In July 2006, EXL acquired Inductis for $20 million. Inductis and EXL both had expertise and services in the same areas, were similarly structured, and were headquartered in the United States with services delivered primarily out of India.