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Press Releases |
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New York/New Delhi/Manila – April
8, 2008– ExlService Holdings, Inc.
(Nasdaq: EXLS), a recognized
provider of transformation and outsourcing solutions,
today announced the addition of a new delivery
center in Manila, Philippines. EXL also announced
commencement of operations for a major US insurance
client that they have signed up recently for the
Philippines. This would serve as its first outsourcing
service
delivery location outside of India and is an important
first step in EXL’s strategy of providing
seamless
global delivery from countries around the world.
The EXL Philippines facility has a total seat capacity
of over 950 seats and provides a world-class and
modern environment for EXL’s professionals.
The new facility is located in OneE-ComCenter in
Pasay City, Metro Manila approximately 30 minutes
from Makati City and the Manila International Airport.
The site is Philippine Economic Zone Authority (PEZA)
approved and adjoins the Mall of Asia, the third
largest shopping mall in Asia.
The Philippines facility has been built to meet
the expanding demands of EXL’s existing clients
in multiple industry verticals as they spread their
outsourcing operations globally. Through this expansion,
EXL seeks to provide a range of outsourcing services
from Philippines for both new and existing clients.
The Philippines operations will be led by Sumir
Anand, who was recently given additional responsibilities
as Business Leader, International Delivery. Sumir
had led the Philippines project thus far as Vice
President,
Global Head of Infrastructure and Strategic Initiatives.
Vikram Talwar, EXL’s CEO and Vice Chairman
commented, “EXL is responding to the needs
of our
clients by aggressively expanding our delivery infrastructure
in the Philippines. This is the first step in a
well defined strategy to add to EXL’s delivery
capability around the globe”.
Rohit Kapoor, EXL’s President and COO added,
“We believe that the Philippines represents
a valuable
source of talent that will complement the significant
transformation and outsourcing capabilities we offer
today from India. Our presence in the Philippines
will further enhance EXL’s business continuity
capabilities and disaster recovery framework.”
With this addition, EXL now has nine delivery centers
located across Noida, Gurgaon, Pune in India, and
Manila in the Philippines. EXL is headquartered
in New York and has offices in New Jersey, London
and
Singapore.
ExlService Holdings, Inc. (NASDAQ: EXLS) is a recognized
business solutions provider. EXL's 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 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
Annual Report on Form 10-K for the year ended December
31, 2007. 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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