India, June 24 -- ExlService Holdings, Inc.(EXLS), a data and AI company, said on Wednesday that it has inked a deal to acquire iMerit for up to $310 million.
The transaction involves an upfront payment of $170 million, with an additional $140 million in incentives and earnouts over two years contingent on meeting specified targets. The transaction is expected to close in the third quarter of 2026.
Rohit Kapoor, CEO of EXL, said: "The acquisition of iMerit strengthens EXL's AI strategy and ability to help clients move from experimentation to production. By combining iMerit's capabilities with EXL's domain expertise and AI platforms, we are setting the standard for AI that is trusted, accountable, and built to perform in the enterprise."
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