EXL acquires ITI Data to expand data management capabilities in banking and healthcare

Core Viewpoint - EXL has announced the acquisition of ITI Data, enhancing its data management and governance capabilities, which will provide clients with improved data-driven insights and innovation [1][3]. Company Overview - EXL, founded in 1999 and headquartered in New York, is a leading data analytics and digital operations company with over 55,000 employees across six continents [4]. - ITI Data, also founded in 1999, specializes in data management solutions for major banks, financial services, and healthcare companies, with offices in the U.K., Australia, and India [2][4]. Acquisition Details - The acquisition of ITI Data will integrate a specialized team of data scientists and engineers into EXL's existing data management framework, enhancing its service offerings [3]. - ITI Data's expertise includes data management, governance, risk, regulatory, and compliance solutions, which will complement EXL's capabilities [2][3]. Strategic Implications - The merger is expected to create significant opportunities for ITI Data's clients to access broader AI technologies and data-driven capabilities [3]. - EXL aims to leverage the acquisition to accelerate growth and strengthen its market position [3].