EXL service is a provider IT
services, decision analytics, operation management, outsourcing, and
transformation services company. It is primarily engaged in providing a range
of outsourcing services, business process outsourcing, and infrastructure services.
EXL services are structured around insurance, banking, financial services,
utilities, healthcare, transportation, and travel industries.
The company said it is buying
analytics firm RPM Direct for about $74 Million to expand its portfolio. EXL
said the deal involves $47 Million in cash up to $23 Million of contingent cash
consideration and $4 Million of restricted stock. The acquisition likely to
close by the end of March is expected to add to EXL adjusted earnings per
share. RPM will become the part of EXL Analytics Group.
RPM possesses a unique combination
of strong analytical and data management capabilities with deep industry
expertise in the P&C, life and health insurance markets. RPM technology
helps analyze large consumer sets to segment populations, predict response
rates, forecast customer lifetime value, design, and execute targeted,
multi-channel marketing campaigns. The firm’s focus areas include the insurance
industry.
RPM maintains its own database and
supports data on over 250 Million consumers and 120 Million US households. The
quantity and unique combination of data attributes managed by RPM drives
optimal, data driven decision making and enable it to build models that analyze
prospects individually. RPM employs proprietary predictive analytics and domain
specific pattern recognition algorithms to deliver results through a flexible,
on demand service model. The acquisition is expected to close in the first
quarter of 2015.
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