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EXL to acquire AI model training firm iMerit in deal valued up to $310 million

PUBT·06/24/2026 12:02:30
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EXL to acquire AI model training firm iMerit in deal valued up to $310 million
  • EXL agreed to buy iMerit in a deal valued up to USD 310 million, boosting its AI model training, evaluation, and reinforcement learning capabilities.
  • Consideration includes USD 170 million upfront, with up to USD 140 million tied to incentives and earnouts over two years.
  • Closing is expected in the third quarter of 2026, subject to customary conditions.
  • The deal adds iMerit’s Ango platform and specialist network, strengthening EXL’s enterprise AI offering and access to foundation model builders.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ExlService Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606240801PRIMZONEFULLFEED9751665) on June 24, 2026, and is solely responsible for the information contained therein.