EXL boosts banking and healthcare capabilities with ITI Data acquisition
NEW YORK, UNITED STATES — EXL, a data analytics and digital operations company, has announced its acquisition of ITI Data, a New York-based data management solutions firm.
The deal is set to enhance EXL’s data management capabilities, particularly in the banking and healthcare sectors.
Expanding EXL’s data management expertise
Founded in 1999, ITI Data has established itself as a key player in enterprise business solutions for clients dealing with complex data management requirements.
The company, which operates in the United States, United Kingdom, Australia, and India, specializes in data management, governance, risk, regulatory, and compliance solution delivery for major banks, financial services, and healthcare companies.
“Our acquisition of ITI Data brings a highly specialized set of data management and governance capabilities – and a team of data scientists and engineers with deep domain expertise – into EXL’s robust data management foundation,” said Vivek Jetley, president and head of analytics at EXL.
“This will enhance our ability to deliver reliable, data-driven insights to our clients and ultimately drive greater value and innovation across our operations.”
We are thrilled to announce the acquisition of @itidata! With ITI Data’s data management expertise, EXL continues to enhance its #Data and #AI-led strategy. Learn more about this exciting development in our press release. https://t.co/ivsy7mUvUM pic.twitter.com/yzsaTBaNX6
— EXL (@exl_service) August 1, 2024
Synergies and growth opportunities
Brian Vaske, chairman and CEO of ITI Data, highlighted the potential benefits for both companies.
“I am excited about the combination with EXL, as this will open up tremendous opportunities for ITI Data’s current clients to leverage broader AI offerings, technologies, and data-driven capabilities,” said Vaske.
He also noted the career development opportunities now available to ITI Data employees within EXL’s larger organization.
EXL, founded in 1999, is headquartered in New York and operates across six continents with over 55,000 employees.
The company specializes in using data and AI-led approaches to reinvent business models and drive better outcomes for corporations in various industries, including insurance, healthcare, banking, financial services, media, and retail.
Its 2023 revenue reached $1.63 billion from $1.41 billion in 2022.
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