EXL Completes iMerit Acquisition to Expand Its End-to-End Enterprise AI Capabilities

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ExlService Holdings , better known as EXL, has completed its acquisition of AI data specialist iMerit, bringing together two companies focused on different but closely connected parts of the enterprise artificial intelligence stack. The transaction, originally announced in June, was valued at up to $310 million. It includes $170 million in upfront consideration and up to $140 million in incentives and earnouts tied to milestones over the next two years. iMerit founder and CEO Radha Ramaswami…