EXL Announces Share Repurchase of 1,551,970 Shares

Core Viewpoint - EXL has repurchased 1,551,970 shares of its common stock from Orogen Echo LLC for a total of $63,373,143, reflecting confidence in the company's performance and future growth potential [1][2]. Group 1: Share Repurchase Details - The repurchase was executed at a price of $40.834 per share, which is the volume weighted average price over the five days prior to the settlement [1]. - This transaction is separate from EXL's existing $500 million share repurchase program [1]. Group 2: Management Commentary - Rohit Kapoor, Chairman and CEO of EXL, emphasized that the repurchase represents a unique opportunity to return capital to stockholders and offers a compelling return on investment [2]. - Vikram S. Pandit, CEO of Orogen, expressed satisfaction with the partnership and the growth trajectory of EXL since their collaboration began in 2018 [3]. Group 3: Company Overview - EXL is a global data and AI company that provides services to transform client business models and drive growth across various industries, including insurance, healthcare, and banking [5]. - The company was founded in 1999 and has approximately 63,000 employees worldwide [5]. Group 4: Orogen Overview - The Orogen Group, founded by Vikram S. Pandit and Atairos, focuses on long-term strategic investments in financial services and related businesses [6]. - Orogen aims to leverage its resources and expertise to help partner companies achieve growth [6].