EXL acquires ITI Data to expand data management capabilities in banking and healthcare
01 Agosto 2024 - 4:30AM
EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, announced the acquisition of ITI Data, a
data management solutions firm that works with the world’s largest
banks, financial services and healthcare companies.
Founded in 1999, ITI Data is headquartered in New York City and
has offices in the U.K., Australia and India. The company delivers
enterprise business solutions for clients processing significant
data volumes with complex data management requirements. With a
broad range of business and technology experience, ITI has enabled
its clients to manage and consolidate enterprise data, improve
business process efficiency, and deliver significant return on
investment of their data operations and technology initiatives. ITI
Data has deep experience in data management, governance, risk,
regulatory and compliance solution delivery with the world’s
largest banks, financial services and healthcare companies.
“Our acquisition of ITI Data brings a highly specialized set of
data management and governance capabilities – and a team of data
scientists and engineers with deep domain expertise – into EXL’s
robust data management foundation,” said Vivek Jetley, president
and head of analytics at EXL. “This will enhance our ability to
deliver reliable, data-driven insights to our clients and
ultimately drive greater value and innovation across our
operations.”
“I am excited about the combination with EXL, as this will open
up tremendous opportunities for ITI Data’s current clients to
leverage broader AI offerings, technologies, and data-driven
capabilities,” said Brian Vaske, chairman and chief executive
officer of ITI Data. “All our colleagues at ITI Data now have the
opportunity to participate in the career development available at
EXL. I look forward to combining forces to accelerate growth and
enhance EXL’s already prestigious position in the market.”
Click here to learn how EXL’s data management and engineering
capabilities can power your enterprise.
About ExlService Holdings, Inc.
EXL (Nasdaq: EXLS) is a leading data analytics
and digital operations and solutions company. We partner with
clients using a data and AI-led approach to reinvent business
models, drive better business outcomes and unlock growth with
speed. EXL harnesses the power of data, analytics, AI, and deep
industry knowledge to transform operations for the world’s leading
corporations in industries including insurance, healthcare, banking
and financial services, media and retail, among others. EXL was
founded in 1999 with the core values of innovation, collaboration,
excellence, integrity and respect. We are headquartered in New York
and have more than 55,000 employees spanning six continents. For
more information, visit www.exlservice.com.
Cautionary Statement Regarding
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995. You should not
place undue reliance on those statements because they are subject
to numerous uncertainties and factors relating to EXL's operations
and business environment, all of which are difficult to predict and
many of which are beyond EXL’s control. Forward-looking statements
include information concerning EXL’s possible or assumed future
results of operations, including descriptions of its business
strategy. These statements may include words such as “may,” “will,”
“should,” “believe,” “expect,” “anticipate,” “intend,” “plan,”
“estimate” or similar expressions. These statements are based on
assumptions that we have made in light of management's experience
in the industry as well as its perceptions of historical trends,
current conditions, expected future developments and other factors
it believes are appropriate under the circumstances. You should
understand that these statements are not guarantees of performance
or results. They involve known and unknown risks, uncertainties and
assumptions. Although EXL believes that these forward-looking
statements are based on reasonable assumptions, you should be aware
that many factors could affect EXL’s actual financial results or
results of operations and could cause actual results to differ
materially from those in the forward-looking statements. These
factors, which include our ability to maintain and grow client
demand, our ability to hire and retain sufficiently trained
employees, and our ability to accurately estimate and/or manage
costs, rising interest rates, rising inflation, recessionary
economic trends, and ability to successfully integrate strategic
acquisitions, are discussed in more detail in EXL’s filings with
the Securities and Exchange Commission, including EXL’s Annual
Report on Form 10-K. You should keep in mind that any
forward-looking statement made herein, or elsewhere, speaks only as
of the date on which it is made. New risks and uncertainties come
up from time to time, and it is impossible to predict these events
or how they may affect EXL. EXL has no obligation to update any
forward-looking statements after the date hereof, except as
required by applicable law.
ContactsMedia Keith Little+1
703-598-0980 media.relations@exlservice.com
Investor RelationsJohn Kristoff+1 212 209
4613IR@exlservice.com
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