Monday, April 9, 2007

EXL eyes $25-50 mn buyouts abroad

EXL Service Holdings, an IT services provider, is on the lookout to acquire companies in Eastern Europe, the Philippines, South Africa and China. The company is looking to mitigate its risks by diversifying into delivery and support centres in other cheaper destinations and also offer capabilities to service clients from markets other than the US.

Almost 30 per cent of EXL’s revenues come from the research and analytics, and risk advisory services and the company is keen to add capabilities in the same through acquisitions in the UK, a market that remains unexploited, claimed Kapoor.The company acquired a single company last year, Inductis, a strategy and analytics company serving the financial services and insurance industries.

Read more in The Business Standard article.

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