Friday 28 October 2016

28 October 2016 - US-based operations management and analytics company EXL (NASDAQ: EXLS) has acquired US-based enterprise data management and business intelligence specialist Datasource Consulting, LLC, the company said.

EXL said the acquisition enhances its capabilities to advise clients on data management and governance strategies, architect and implement their data infrastructures, and manage their data assets on an ongoing basis.

Datasource Consulting provides full lifecycle EDM and BI solutions, including data architecture, data integration, data quality, master data management, data governance, test data management, reporting and analytics, and programme management.

In connection with the acquisition, EXL has made employment inducement equity awards to 4 new non-executive employees.

The equity awards cover an aggregate of 93,604 shares of EXL restricted stock, and are being made as a material inducement to employees entering into employment with EXL in connection with the acquisition.

The new restricted stock awards will vest over a period of four years, subject to continued employment with EXL on the applicable vesting date.

EXL is an operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption.

It serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries.

Headquartered in New York, New York, EXL has approximately 25,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), Latin America, Australia and South Africa.

Datasource Consulting is a consulting company that focuses exclusively on enterprise data management and business intelligence, including both strategic and implementation services.
Founded in 2005, the company has offices in both Denver and San Diego.

Clearsight Advisors served as the exclusive strategic and financial advisor to Datasource in the transaction.