  |
New York, NY. June 19, 2008
– ExlService Holdings, Inc. (“EXL”)
(NASDAQ: EXLS), a leading provider of transformation
and outsourcing solutions, announced today a series
of new client wins in the insurance vertical.
EXL’s CEO and President, Rohit Kapoor, stated:
“EXL continues to extend its leadership position
and momentum in the insurance vertical. It is clear
that our transformation skills in analytics services,
Six-Sigma process re-engineering services, and risk
advisory services have become critical differentiators
for us in the marketplace. These unique transformation
skills, when combined with our vertical expertise
in insurance, have resulted in strong market acceptance
from both new and existing clients for EXL’s
services. I am proud to announce two new outsourcing
wins, three new transformation wins, and two new
expansions with existing outsourcing clients into
the Philippines, all within the insurance vertical.”
EXL has recently won two new outsourcing clients
in the insurance vertical including:
| • |
A leading U.S. financial services and insurance
provider |
| • |
A leading U.S. provider of mortgage insurance |
EXL has recently won three new transformation services
assignments in the insurance vertical. One assignment
is for an existing client and two are for new clients
including:
| • |
A strategic cost optimization and consolidation
project involving extensive use of EXL’s
Six-Sigma process re-engineering professionals
for one of the major UK insurance companies
|
| • |
An enterprise back-office consolidation
and re-engineering project for a leading life
insurance provider to the Americas |
| • |
A pan-European cost reduction assessment
with a global multi-line insurance provider |
Following on the announcement last quarter of
the commencement of work in the Philippines with
a leading U.S. insurance client, EXL has been
selected by two additional existing insurance
clients to supplement the suite of services currently
provided from India into the Philippines.
About ExlService Holdings, Inc.
ExlService Holdings, Inc. (Nasdaq: EXLS) is a
recognized business solutions provider. EXL's
service offerings provide a competitive edge to
its clients by transforming and outsourcing business
processes. Transformation services enable continuous
improvement of client processes by bringing together
EXL's capabilities in reengineering, including
Six Sigma process improvement, research &
analytics, and risk advisory services. EXL's outsourcing
services include a full spectrum of business process
services from offshore delivery centers requiring
ongoing process management skills. Headquartered
in New York, EXL primarily serves the needs of
Global 1000 companies in the banking, financial
services, insurance, utilities, healthcare, telecommunications
and transportation sectors. Find additional information
about EXL at www.exlservice.com.
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 EXL’s operations
and business environment, all of which are difficult
to predict and many of which are beyond EXL’s
control. Forward-looking statements include information
concerning EXL’s possible or assumed future
results of operations, including descriptions
of its 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 management’s
experience in the industry as well as its perceptions
of historical trends, current conditions, expected
future developments and other factors it believes
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 EXL believes that these forward-looking
statements are based on reasonable assumptions,
you should be aware that many factors could affect
EXL’s 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 more
details in EXL’s filings with the Securities
and Exchange Commission. 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 herein, or elsewhere, speaks only
as of the date on which it is made. New risks
and uncertainties come up from time to time, and
it is impossible to predict these events or how
they may affect EXL. EXL has no obligation to
update any forward-looking statements after the
date hereof, except as required by federal securities
laws.
|
|
