EXL Acquires Banking Analytics Services Firm IQR Consulting
"At IQR, we are passionate about using data analytics to solve real business problems for our clients and help them create growth opportunities," said Rahul Nawab, Chief Executive Officer of IQR. "EXL is a world-class service provider to the banking industry and a recognized leader in analytics. We are excited to join with EXL and to deliver even greater value to our clients."
From marketing optimization and customer segmentation to scoring risk and predicting fraud, IQR possesses a strong track record in delivering actionable insights for clients. By developing predictive algorithms and creating real-time reporting tools, IQR enables its clients to make timely decisions that yield tangible business impact.
"IQR has amassed a wealth of expertise in banking and financial services, which is a core vertical for EXL," said
IQR will become part of EXL Analytics and maintain its delivery hub in Ahmedabad, India. EXL was represented in the transaction by
About EXL
EXL (NASDAQ:EXLS) is a leading operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption. Using our proprietary award-winning Business EXLerator Framework™, which integrates analytics, automation, benchmarking, BPO, consulting, industry best practices and technology platforms, EXL looks deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in
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Established in 2008,
Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to the EXL's operations and business environment, all of which are difficult to predict and many of which are beyond EXL's control. Forward-looking statements include information concerning EXL's possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that we have made in light of management's experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors are discussed in more detail in EXL's filings with the
Investor contact:Steven N. Barlow Vice President Investor Relations 212-624-5913 steven.barlow@exlservice.com Media Contact:Michael Sherrill Vice President Marketing 646-419-0778 michael.sherrill@exlservice.com
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