M&A
confidence high
sentiment positive
materiality 0.70
EXL acquires Clairvoyant for $80.1M in cash plus up to $20M earn-out
ExlService Holdings, Inc.
- Purchase price $80.1M cash (subject to adjustments) plus up to $20M earn-out based on 2022-2023 financial targets.
- Clairvoyant had unaudited LTM revenues of $37.9M as of Sep 30, 2021.
- Approximately 550 employees; acquisition strengthens EXL's analytics, data engineering, and cloud capabilities.
- Expected to be accretive to 2022 adjusted diluted EPS; reported in Analytics segment.
- Transaction closed in Q4 2021; funded with cash on hand and credit facility.