BPO Consolidation: EXL Service acquires Inductis

NEW DELHI: ExlService Holdings Inc, the leading offshore business process outsourcing company, has announced the acquisition of Inductis, a strategy and analytics company serving the financial services and insurance industries.

The acquisition makes Inductis 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. In 2005, Inductis achieved revenues of approximately $20 million. Inductis is one of the largest 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,” says Sandeep Tyagi, Managing Principal and Founder of Inductis.