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Press Releases |
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New York, NY – February 28, 2007
– ExlService Holdings, Inc. (“EXL”)
(NASDAQ: EXLS) announced that Matt Appel has joined
as Vice President effective February 28, 2007. Matt
will assume the role of Chief Financial Officer
of EXL after EXL files its 2006 annual report with
the Securities and Exchange Commission.
Matt has 30 years of professional experience in
finance and Business Process Outsourcing (“BPO”)
and was most recently with Electronic Data Systems
Corporation from 2006 to 2007 as Vice President,
BPO Product Management where he was responsible
for strategy and business plan development and investment
prioritization for EDS’ BPO product portfolio.
From 2003 to 2005, Matt was Vice President, Finance
& Administration BPO at EDS. From 2001 to 2003,
Matt was Senior Vice President of Finance &
Accounting BPO at Affiliated Computer Services,
Inc. where he was responsible for the general management
of the finance & accounting BPO business.
Previously, Matt worked for Tenneco Inc., serving
as their Vice President, Financial Analysis and
Planning as well as President of Tenneco Business
Services, their shared services captive. He also
served as Controller, Treasurer and Director of
Internal Audit for Tenneco’s wholly owned
subsidiary Newport News Shipbuilding. Matt started
his career at Arthur Andersen where he worked in
the Firm’s audit practice. Matt is a Certified
Public Accountant and Certified Management Accountant
and holds an MBA in Accounting and a BA in Business
Administration from Rutgers University. Matt will
be based in EXL’s headquarters in New York.
Matt Appel stated “EXL continues to succeed
in the offshore BPO industry based on its talented
and entrepreneurial management team, a best-in-class
offshore delivery engine, and a strong focus on
customer satisfaction and intimacy. I could not
be more excited to join EXL at this point in its
evolution and look forward to working with the entire
senior management team in building value for our
customers, employees, and shareholders.”
Vikram Talwar, EXL’s CEO and Vice-Chairman
stated "Matt is a mature and seasoned business
executive with a strong track record of success
in the BPO industry. Matt will be a key asset for
EXL as we execute on our strategic vision of becoming
a trusted partner for our clients as they transform
and outsource business processes. Matt brings to
us a unique blend of functional experience, a deep
background in BPO and a strong familiarity with
India. Matt’s understanding of the business
environment in which EXL operates is unparalleled
and I look forward to working with him as my partner.”
Rohit Kapoor, EXL’s President and CFO stated
“Matt is a critical addition to the EXL senior
management team and I am excited to have him as
our Chief Financial Officer. Matt has a world-class
accounting background and brings his deep understanding
of the BPO industry to EXL. Some of the key areas
in which we expect Matt to add immediate strategic
value to EXL include the following: strategic investment
prioritization and plan development, internal and
external financial reporting, enhancement of our
back-end system scalability, and enhancement of
our merger and acquisition integration capabilities.”
ExlService Holdings, Inc. is a recognized provider
of end to end offshore services, including (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 the
Company’s operations and business environment,
all of which are difficult to predict and many of
which are beyond the Company’s control. Forward-looking
statements include information concerning the Company’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
the Company believes that these forward-looking
statements are based on reasonable assumptions,
you should be aware that many factors could affect
the Company’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 the Company’s filings with the
Securities and Exchange Commission, including the
Company’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 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 the Company. The Company has no obligation
to update any forward-looking statements after the
date hereof, except as required by federal securities
laws.
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