AcquisitionsAug 3, 2026, 08:05 AM
EXL Completes Acquisition of iMerit, Expands AI Capabilities
AI Summary
ExlService Holdings, Inc. (EXL) announced the completion of its acquisition of iMerit, a leader in AI model training, evaluation, and reinforcement learning. This strategic move aims to establish an end-to-end AI platform, combining EXL's data and AI expertise with iMerit's technology and generative AI experience to accelerate the transition from pilot to production-scale AI. As part of the transaction, iMerit founder and CEO Radha Ramaswami Basu joins EXL as Executive Vice President, Head of iMerit, and becomes a member of EXL's executive committee.
Key Highlights
- EXL completed the acquisition of iMerit, a leader in AI model training and evaluation.
- The acquisition establishes an end-to-end AI platform for enterprises.
- iMerit's capabilities include AI model training, evaluation, and reinforcement learning.
- Radha Ramaswami Basu, iMerit founder and CEO, joins EXL as EVP, Head of iMerit.
- Basu also becomes a member of EXL's executive committee.
- The acquisition deepens EXL's vertically specialized AI capabilities and expands reach into high-growth AI technology sectors.
Price Impact
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