EXL, an operations management and analytics company, has acquired IQR Consulting, a United States-based provider of marketing and risk analytics solutions for the banking industry.
IQR develops predictive algorithms and creates real-time reporting tools to enable clients to make timely decisions that yield tangible business impact. It has offices in Virginia and California as well as Ahmedabad in India.
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“IQR has astutely figured out how to engage with clients in the super-regional bank and credit union markets,” said Rohit Kapoor, EXL’s vice-chairman and CEO. “We look forward to expanding this largely under-penetrated segment, and believe we can help IQR’s clients achieve even greater success through the use of analytics.”
EXL provides functional services, including finance and accounting, legal support, and analytics, to organizations in industries such as insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics. It has more than 24,000 professionals throughout the US and across Europe, Asia, Latin America and South Africa. In India, it has a presence in Bangalore, Gurgaon, Jaipur, Kochi, Mumbai, Noida and Pune.
IQR will become part of EXL Analytics and maintain its delivery hub in Ahmedabad.
Carle Mackie Power & Ross advised IQR on US law. Clove Legal advised the company on Indian legal issues with a team comprising partner Dharmesh Kotadia and associates Nupur Rustagi and Akshat Shrivastava. Ropes & Gray advised ExlService Holdings.
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