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New York, NY. January 17, 2007
- ExlService Holdings, Inc. (“EXL”)
(NASDAQ: EXLS), a recognized provider of offshore
solutions, including Business Process Outsourcing
(BPO), research and analytics, and risk advisory
services, today announced the following development:
EXL is pleased to announce that on December 6, 2006,
it exercised its option to purchase approximately
1,000 seats in its current state of the art delivery
center in Pune, India. The exercise of the purchase
option required an infrastructure investment of
approximately $3 million and provides EXL full ownership
of its Pune delivery center that was previously
under a lease agreement. “The purchased facility
space is situated at Cybercity, Pune, one of the
most modern and appealing IT Parks in India today.
The delivery center is approximately 86,000 square
feet. This is another step in EXL’s continued
investment in our physical infrastructure as we
seek to provide services out of world-class facilities
to our customer base.” said Vikram Talwar,
CEO and Vice-Chairman, EXL.
About ExlService Holdings, Inc.
ExlService Holdings, Inc. is a recognized provider
of offshore solutions, including Business Process
Outsourcing (BPO), research and analytics, and
risk advisory services. It primarily serves the
needs of Global 1000 companies in the banking,
financial services and insurance sector. EXL is
headquartered at 350 Park Avenue, New York, NY.
This press release contains forward-looking statements.
You should not place undue reliance on those statements
because they are subject to numerous uncertainties
and factors relating to our operations and business
environment, all of which are difficult to predict
and many of which are beyond our control. Forward-looking
statements include information concerning our
possible or assumed future results of operations,
including descriptions of our business strategy.
These statements often include words such as “may,”
“will,” “should,” “believe,”
“expect,” “anticipate,”
“intend,” “plan,” “estimate”
or similar expressions. These statements are based
on assumptions that we have made in light of our
experience in the industry as well as our perceptions
of historical trends, current conditions, expected
future developments and other factors we believe
are appropriate under the circumstances. You should
understand that these statements are not guarantees
of performance or results. They involve known
and unknown risks, uncertainties and assumptions.
Although we believe that these forward-looking
statements are based on reasonable assumptions,
you should be aware that many factors could affect
our actual financial results or results of operations
and could cause actual results to differ materially
from those in the forward-looking statements.
These factors are discussed in the “Risk
Factors” and “Management’s Discussion
and Analysis of Financial Condition and Results
of Operations” sections and elsewhere in
EXL’s Registration Statement on Form S-1.
These risks could cause actual results to differ
materially from those implied by forward-looking
statements in this release.
You should keep in mind that any forward-looking
statement made by us herein, or elsewhere, speaks
only as of the date on which we make it. New risks
and uncertainties come up from time to time, and
it is impossible for us to predict these events
or how they may affect us. We have no obligation
to update any forward-looking statements after
the date hereof, except as required by federal
securities laws.
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