EXL acquires FAO firm Outsource Partners for $91 million
Wednesday, 4th May 2011
ExlService Holdings, a business process outsourcing company, today acquired finance and accounting (F&A) outsourcing service provider Outsource Partners International for $91 million.
After the acquisition, EXL expects revenues between $347 million and $355 million, representing year-over-year growth of 37.3 per cent to 40.5 per cent. The transaction is expected to close by June 1.
This acquisition is likely to help EXL establish itself as a leading third-party service provider in the global F&A outsourcing market.
Publication : Business Standard