EXL to Magnify its Solutions through Blue Slate Solutions' Technology Application

CR Team | Tuesday, 08 July 2014, 06:30 IST

Bangalore: The preeminent business process solutions company, EXL (NASDAQ: EXLS), recently announced that it has acquired Blue Slate Solutions, LLC to augment its capabilities to apply technology solutions to improve clients’ business operations. The 2000 born Blue Slate Solutions is a management & technology consultancy that is known for its capability to transform operations through business process optimization, data integration and analytics leveraging innovative techniques and technologies.

The U.S. based company EXL provides a range of outsourcing services, business process outsourcing and infrastructure services across insurance, banking, healthcare and on the like major verticals. With the current market cap of $633.31 million, the strategic partner is hoping to broaden its horizons of overall operations and offerings through Blue Slate Solutions’ expertise. In addition, the acquisition also creates a way for enhancing EXL’s thought leadership and industry relationships.

“Blue Slate brings a team of highly skilled professionals that will enhance EXL’s ability to transform our client’s business processes and strengthen our technology capabilities, as they relate to operations management,” says Rohit Kapoor, Vice Chairman & Chief Executive Officer, EXL. “This acquisition brings us a set of domain experts who have significant experience advising large enterprises, optimizing their business processes and also architecting and implementing changes to their technology applications and infrastructure. Blue Slate has an admirable track record across many industries and we are very excited to welcome our new colleagues to EXL”. Besides the acquisition, EXL recently introduced Business EXLerater Framework model that incorporates the operations management skills with analytics and technology gears to trim the costs and to bolster the performance.

Proclaiming on the same advancement, Rick Barnett, Chief Executive Officer, Blue Slate adds, “Joining EXL is a natural fit for Blue Slate. We have a partner with a strategic vision, financial strength and execution expertise that blends very well with our strong team and view of the market. Our integrated approach to business process management consulting combined with deep technology leadership is ideally suited to advance EXL’s operations management strategy. Many of our clients will benefit from EXL’s capabilities, and there are great opportunities for us to enrich EXL’s value proposition for its clients. Our entire team is excited to join EXL and make an even greater impact on our clients’ business performance”.