EXL Completes Acquisition of Analytics Firm RPM Direct

EXL (Nasdaq:EXLS), a leading business process solutions company, today announced that it has closed its previously announced acquisition of RPM Direct LLC and RPM Data Solutions, LLC (collectively, “RPM”). The purchase consideration for RPM is $47 million in cash plus contingent cash consideration of up to $23 million and approximately 122,131 shares of restricted stock. The cash consideration of the purchase price was funded by a combination of cash on hand and a drawdown on our existing revolving credit facilities. The acquisition is expected to be accretive to adjusted EPS.

EXL announced that in connection with its acquisition of RPM, it has made employment inducement equity awards to two new non-executive employees. The inducement awards cover an aggregate of approximately 122,131 shares of EXL in the form of restricted stock, and are being made as a material inducement to employees entering into employment with EXL in connection with the acquisition transaction. The new restricted stock awards will vest over a period of four years, subject to such grantee’s continued employment with EXL on the applicable vesting date.