On the occasion of the announcement, Rohit Kapoor, President and CEO of EXL stated: “I am extremely excited about EXL"s acquisition of OPI."

He further added, "By combining EXL"s F&A outsourcing and transformation capabilities with OPI"s end-to-end F&A outsourcing capabilities and proprietary platforms, we will assemble a comprehensive set of F&A solutions."

According to Kapoor, the acquisition will be of benefit EXL"s strategic objective of leveraging technology and proprietary intellectual property in our solution offerings.

OPI has over 3,700 professionals globally, approximately 80 clients, who will be aborbed by EXL . "I am extremely pleased to welcome the entire OPI team to the EXL family, and we look forward to an exciting and successful future," said Kapoor.

Clarence Schmitz, Chairman and CEO of OPI stated “We are bringing together OPI"s domain expertise in F&A and EXL"s differentiated transformation and outsourcing capabilities. The combined company will have the ability to meet an even broader range of client requirements and to accelerate our investments in proprietary F&A platforms and solutions."

Clarence Schmitz and Kishore Mirchandani, President of OPI, will join the management team of EXL after the close of the transaction.

OneIndia Money