Last updated December 22, 2021
In AI News & Update

EXL Adds Scale In Data, AI, And Cloud Engineering By Acquiring Clairvoyant

Clairvoyant's capabilities will accelerate EXL's data-driven strategy, help its clients drive digital transformation, and generate value from data and analytic platforms.

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Published on December 22, 2021

by Meeta Ramnani

EXL, global analytics and digital solutions leader, has acquired Clairvoyant, a global data, AI, and cloud services firm. With this acquisition, EXL has strengthened its capabilities by adding cloud enablement and data engineering expertise. This will further support its clients in healthcare, insurance, retail and banking & financial services.

The addition of Clairvoyant’s capabilities in data engineering, AI/ML operations and cloud will also accelerate EXL’s data-driven strategy, expanding critical cloud operations capabilities to help clients drive large-scale digital transformation projects and generate faster value from modern cloud-based data and analytic platforms.

“Clairvoyant has established itself as a leader in data and cloud engineering, bringing many of the key structural components we need to expand our offerings and help our clients harness the power of data to enable better and faster decision making,” said Rohit Kapoor, EXL Vice Chairman and Chief Executive Officer.

Founded in 2012, Clairvoyant has consistently been named among the most innovative and fastest-growing privately held companies in the U.S. The company is headquartered in Phoenix, AZ, and has offices across North America and India. It employs over 550 people and serves clients in the financial services, healthcare, retail, and tech industries.

“The need to quickly aggregate and interpret data has grown exponentially across industries in recent years,” said Vivek Jetley, Executive Vice President and Global Head of Analytics at EXL.

“Clairvoyant is a great addition to our fast-growing Analytics business and scales our ability to help clients turn data into business advantage. We are excited about combining EXL’s domain expertise, data management and analytics capabilities and Clairvoyant’s strengths in data engineering, AI/ML operations and cloud,” Jetley mentioned.

The transaction was completed in the fourth quarter of 2021. Clairvoyant is expected to be accretive to 2022 adjusted diluted EPS and will be reported in our Analytics segment.

“By integrating our capabilities with EXL’s broad reach and expertise, we will be able to add value across a much wider range of clients and unlock exciting new growth opportunities along the way,” said Chandra Ambadipudi, Co-Founder and Chief Executive Officer, Clairvoyant.

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Meeta Ramnani

Meeta’s interest lies in finding out real practical applications of technology. At AIM, she writes stories that question the new inventions and the need to develop them. She believes that technology has and will continue to change the world very fast and that it is no more ‘cool’ to be ‘old-school’. If people don’t update themselves with the technology, they will surely be left behind.