EXL Service to buy analytics company RPM

EXL service is a provider IT services, decision analytics, operation management, outsourcing, and transformation services company. It is primarily engaged in providing a range of outsourcing services, business process outsourcing, and infrastructure services. EXL services are structured around insurance, banking, financial services, utilities, healthcare, transportation, and travel industries.

EXL rpm

The company said it is buying analytics firm RPM Direct for about $74 Million to expand its portfolio. EXL said the deal involves $47 Million in cash up to $23 Million of contingent cash consideration and $4 Million of restricted stock. The acquisition likely to close by the end of March is expected to add to EXL adjusted earnings per share. RPM will become the part of EXL Analytics Group.

RPM possesses a unique combination of strong analytical and data management capabilities with deep industry expertise in the P&C, life and health insurance markets. RPM technology helps analyze large consumer sets to segment populations, predict response rates, forecast customer lifetime value, design, and execute targeted, multi-channel marketing campaigns. The firm’s focus areas include the insurance industry.

RPM maintains its own database and supports data on over 250 Million consumers and 120 Million US households. The quantity and unique combination of data attributes managed by RPM drives optimal, data driven decision making and enable it to build models that analyze prospects individually. RPM employs proprietary predictive analytics and domain specific pattern recognition algorithms to deliver results through a flexible, on demand service model. The acquisition is expected to close in the first quarter of 2015.

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