EXL Acquires iMerit to Build Enterprise-Ready AI at Scale
iMerit founder and CEO Radha Basu has joined EXL as Executive Vice President, Head of iMerit.
EXL has completed its acquisition of AI data and model evaluation company iMerit, marking a major step in expanding its enterprise AI capabilities. Financial details of the deal are not disclosed.
The deal combines EXL's expertise in data, AI and industry-specific solutions with iMerit's strengths in AI model training, evaluation and reinforcement learning.
By integrating iMerit's AI data capabilities with EXL's existing AI platforms, the company plans to offer end-to-end support for enterprises looking to move AI projects from pilot stages to large-scale deployment.
As part of the acquisition, iMerit founder and CEO Radha Basu has joined EXL as Executive Vice President, Head of iMerit, and will serve on the company's executive committee.
Reflecting on iMerit's 12-year journey in a LinkedIn post, Basu recalled its beginnings with a small team in the Sundarbans and highlighted its evolution into a trusted AI partner for industries including autonomous mobility, healthcare, high-tech and robotics.
She reiterated her belief that "better-quality data, not more data" is the future of AI and credited the company's success to its people-first culture, gender-balanced workforce, customers, investors and employees.
"Today iMerit, an EXL company, is ready for what's next. To become part of a much bigger journey - with a deep commitment to clients, to EXL and with the same two feet on the ground. And still, at this juncture, I remain unmoved in the belief that true breakthroughs happen at the intersection of people and machines," Basu said.
"By combining iMerit's capabilities with EXL's domain expertise and AI platforms, we are well positioned to help clients build, fine-tune and operationalise AI that performs reliably in production. This is especially critical in regulated industries where domain knowledge, context and compliance are non-negotiable," Rohit Kapoor, EXL Chairman and CEO, said in a statement.
Headquartered in New York, EXL employs approximately 68,000 people globally and serves customers across industries including banking, insurance, healthcare, retail and energy.
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