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Our Bureau

New Delhi , July 6

EXL Service Holdings Inc., an offshore business process outsourcing company on Thursday announced the acquisition of Inductis, a strategy and analytics company serving the financial services and insurance industries. As a result of the acquisition, Inductis, whose revenues in 2005 stood at about $20 million, would become a wholly owned and independently branded subsidiary of EXL, focusing on Consulting and Research and Analytics.

Inductis has 250 employees based in offices in Gurgaon, New York, New Jersey, and Singapore.

"The Inductis and EXL combination will create a company equally strong in creating solutions and delivering them. This will allow the combined company to compete with much larger companies in delivering value to our respective clients," Mr Sandeep Tyagi, Managing Principal and Founder of Inductis said.

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