EXL Grows Analytics Business with Acquisition of Clairvoyant

The acquisition relationships accelerates EXL’s data and analytics focused strategy by expanding key capabilities and strategic relationships.

(Image source: Clairvoyant homepage.)

EXL (New York), a global services and solutions provider focusing on analytics and digital solutions, today announced its acquisition of Clairvoyant, a Phoenix-based global data, AI, and cloud services firm. EXL characterizes the acquisition as strengthening its capabilities by adding additional expertise in data engineering and cloud enablement, further supporting its clients in insurance, healthcare, banking and financial services, and retail. The transaction was completed in the fourth quarter of 2021, though EXL declined to publish the terms. EXL says that the Clairvoyant acquisition is expected to be accretive to 2022 adjusted diluted EPS and will be reported in the company’s Analytics segment.

Rohit Kapoor, Vice Chairman & CEO, EXL.

The acquisition accelerates the growth of EXL’s analytics business, which the company says aims to help clients make sense of data to drive better decision-making across the enterprise and rapidly adapt business strategies in response to market changes. An EXL statement says addition of Clairvoyant’s talent and capabilities in data engineering, AI/ML operations and cloud will accelerate its data-driven strategy, expanding critical cloud operations capabilities to help its clients drive large-scale digital transformation projects and generate faster value from modern cloud-based data and analytic platforms.

“Data has become the lifeblood of every industry as businesses confront volatile swings in the economy, changes in consumer preferences and the need to continually adapt to new technology,” comments Rohit Kapoor, EXL Vice Chairman and CEO. “Clairvoyant has established itself as a leader in data and cloud engineering, bringing many of the key structural components we need to expand our offerings and help our clients harness the power of data to enable better and faster decision making.”

Founded in 2012, and based I Phoenix, Clairvoyant has multiple offices throughout North America and India. The company has more than 550 employees across its global locations and serves prominent clients in the financial services, retail, healthcare, and tech industries.

Domain Expertise, Data Management and Analytics Capabilities

Chandra Ambadipudi, Co-Founder and CEO, Clairvoyant.

“The need to quickly aggregate and interpret data has grown exponentially across industries in recent years,” comments Vivek Jetley, EVP and Global Head of Analytics, EXL. “As our clients look to leverage the power of analytics for business advantage, they need to modernize their data capabilities to keep pace. Having worked closely with Clairvoyant, we believe that the combination of our domain expertise, data management and analytics capabilities and their industry-leading data and cloud engineering services will help clients increase agility and speed to value and set the stage for breakthrough solutions.”

“We are thrilled to join forces with EXL. We share a culture of fearless innovation and a relentless commitment to helping our clients overcome some of their biggest challenges,” says Chandra Ambadipudi, Co-Founder and CEO, Clairvoyant.  “By integrating our capabilities with EXL’s broad reach and expertise, we will be able to add value across a much wider range of clients and unlock exciting new growth opportunities along the way.”

No-Code Platforms Key to Meeting Insurance Industry Challenges

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

Leave a Comment