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ExlService to acquire iMerit for $310 million

PUBLIC · EXLSJun 25, 2026•about 2 months ago

Acquiring Company

ExlService Holdings

Acquired Company

iMerit

United States

San JoseAnalyticsSoftwareArtificial IntelligenceAnalyticsMachine LearningNatural Language ProcessingConsultingBig DataComputer Vision

Description

ExlService Holdings is acquiring iMerit for up to USD 310 million to boost its AI capabilities. The acquisition aims to enhance AI innovation and deepen EXL's expertise in AI model training. The transaction is expected to close in the third quarter of 2026. It positions EXL to expand its presence in high-growth AI tech sectors.

Company Information

Company

ExlService Holdings

Location

United States

About

ExlService Holdings, Inc. is a leading provider of operations management and analytics solutions, primarily serving the insurance, healthcare, banking, and financial services sectors. The company specializes in delivering business transformation services, including data analytics, automation, and process optimization, aimed at enhancing client efficiency and decision-making. With its headquarters in New York City, Exl operates in various geographic markets, focusing on North America and expanding its reach in Europe and Asia. The company's strategic focus includes leveraging advanced technology to offer predictive insights and drive cost savings for clients, contributing to its reputation in the industry.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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Frequently asked

Who acquired iMerit?

iMerit was acquired by ExlService Holdings, based in United States. The deal was reported on June 25, 2026. ExlService Holdings, Inc. is a leading provider of operations management and analytics solutions, primarily serving the insurance, healthcare, banking, and financial services sectors. ExlService Holdings is publicly traded (EXLS) and operates in Analytics.

When did ExlService Holdings acquire iMerit?

ExlService Holdings's acquisition of iMerit was reported on June 25, 2026. ExlService Holdings is acquiring iMerit for up to USD 310 million to boost its AI capabilities. The acquisition aims to enhance AI innovation and deepen EXL's expertise in AI model training. The transaction is expected to close in the third quarter of 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does iMerit do?

iMerit is a global software delivered AI data solutions company providing high-quality data to power AI applications. Led by its product Ango Hub, iMerit unifies automation, human experts, and analytics for data-centric AI, driving superior model training. It is privately held, operating in Software, and is based in San Jose.