EXL to acquire iMerit for $310m to deepen enterprise AI stack

ExlService Holdings announced on June 24, 2026 a definitive agreement to acquire AI model training and reinforcement learning specialist iMerit for up to $310 million in cash and earn‑outs. The deal is expected to close in Q3 2026 and will integrate iMerit’s Ango platform and expert “Scholars” network into EXL’s existing EXLerate.ai, EXLdata.ai and EXLdecision.ai offerings. ([exlservice.com](https://www.exlservice.com/about/newsroom/exl-to-acquire-imerit-advancing-its-leadership-in-enterprise-ai-by-adding-foundation-model-expertise-and-technology?utm_source=openai))