EXL Service acquires Inductis

BANGALORE: Offshore business process outsourcing ExlService

Holdings Inc. today announced the acquisition of Inductis, a strategy and

analytics company serving the financial services and insurance industries.






Following the acquisition, Inductis will become a wholly-owned and independently
branded subsidiary of EXL, focusing on Consulting and Research and Analytics.

EXL's existing Research and Analytics business will be combined with Inductis

to create a new leader in this exciting growth area and provide a full spectrum

of knowledge services to EXL's clients.






In 2005, Inductis achieved revenues of approximately $20 million. Inductis is
one of the largest and most successful analytics players with a global delivery

model in the marketplace today with 250 employees based in offices in Gurgaon,

New York, New Jersey and Singapore.






“The Inductis and EXL combination will create a company equally strong in
creating solutions and delivering them. This will allow the combined company to

effectively compete with much larger companies in delivering value to our

respective clients. For Inductis, we will now have the platform to grow faster

and further invest in training and development of our people, client

relationships, and intellectual property. There is a winning chemistry between

our management teams that is going to provide ongoing benefits to our combined

client base for many years to come,” said Sandeep Tyagi, managing principal

and founder of Inductis.

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