Commences operations from its new Philippines Center
NEW YORK, NEW DELHI, India and MANILA, Philippines, April 8, 2008
/PRNewswire-FirstCall/ -- ExlService Holdings, Inc. (Nasdaq: EXLS), a
recognized provider of transformation and outsourcing solutions, today
announced the addition of a new delivery center in Manila, Philippines. EXL
also announced commencement of operations for a major US insurance client that
they have signed up recently for the Philippines. This would serve as its
first outsourcing service delivery location outside of India and is an
important first step in EXL's strategy of providing seamless global delivery
from countries around the world.
The EXL Philippines facility has a total seat capacity of over 950 seats
and provides a world-class and modern environment for EXL's professionals. The
new facility is located in OneE-ComCenter in Pasay City, Metro Manila
approximately 30 minutes from Makati City and the Manila International
Airport. The site is Philippine Economic Zone Authority (PEZA) approved and
adjoins the Mall of Asia, the third largest shopping mall in Asia.
The Philippines facility has been built to meet the expanding demands of
EXL's existing clients in multiple industry verticals as they spread their
outsourcing operations globally. Through this expansion, EXL seeks to provide
a range of outsourcing services from Philippines for both new and existing
clients.
The Philippines operations will be led by Sumir Anand, who was recently
given additional responsibilities as Business Leader, International Delivery.
Sumir had led the Philippines project thus far as Vice President, Global Head
of Infrastructure and Strategic Initiatives.
Vikram Talwar, EXL's CEO and Vice Chairman commented, "EXL is responding
to the needs of our clients by aggressively expanding our delivery
infrastructure in the Philippines. This is the first step in a well defined
strategy to add to EXL's delivery capability around the globe."
Rohit Kapoor, EXL's President and COO added, "We believe that the
Philippines represents a valuable source of talent that will complement the
significant transformation and outsourcing capabilities we offer today from
India. Our presence in the Philippines will further enhance EXL's business
continuity capabilities and disaster recovery framework."
With this addition, EXL now has nine delivery centers located across
Noida, Gurgaon, Pune in India, and Manila in the Philippines. EXL is
headquartered in New York and has offices in New Jersey, London and Singapore.
About ExlService Holdings, Inc.
ExlService Holdings, Inc. (Nasdaq: EXLS) is a recognized business
solutions provider. EXL's offerings provide a competitive edge to its clients
by transforming and outsourcing business processes. Transformation services
enable continuous improvement of client processes by bringing together EXL's
capabilities in reengineering including Six Sigma process improvement,
research & analytics, and risk advisory services. EXL's outsourcing services
include a full spectrum of business process services from offshore delivery
centers requiring ongoing process management skills. Headquartered in New
York, EXL primarily serves the needs of Global 1000 companies in the banking,
financial services, insurance, utilities, healthcare, telecommunications and
transportation sectors. Find additional information about EXL at
www.exlservice.com .
This press release contains forward-looking statements. You should not
place undue reliance on those statements because they are subject to numerous
uncertainties and factors relating to the Company's operations and business
environment, all of which are difficult to predict and many of which are
beyond the Company's control. Forward-looking statements include information
concerning the Company's possible or assumed future results of operations,
including descriptions of its business strategy. These statements often
include words such as "may," "will," "should," "believe," "expect,"
"anticipate," "intend," "plan," "estimate" or similar expressions. These
statements are based on assumptions that we have made in light of management's
experience in the industry as well as its perceptions of historical trends,
current conditions, expected future developments and other factors it believes
are appropriate under the circumstances. You should understand that these
statements are not guarantees of performance or results. They involve known
and unknown risks, uncertainties and assumptions. Although the Company
believes that these forward-looking statements are based on reasonable
assumptions, you should be aware that many factors could affect the Company's
actual financial results or results of operations and could cause actual
results to differ materially from those in the forward-looking statements.
These factors are discussed in more details in the Company's filings with the
Securities and Exchange Commission, including the Company's Annual Report on
Form 10-K for the year ended December 31, 2007. These risks could cause actual
results to differ materially from those implied by forward-looking statements
in this release.
You should keep in mind that any forward-looking statement made herein, or
elsewhere, speaks only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to predict these
events or how they may affect the Company. The Company has no obligation to
update any forward-looking statements after the date hereof, except as
required by federal securities laws.
SOURCE ExlService Holdings, Inc.
Investors, Jarrod Yahes, Head of Investor Relations of ExlService Holdings,
Inc., +1-212-277-7109, ir@exlservice.com; Media, Kerry Kelly-Guiliano of
Financial Dynamics, +1-617-747-3603, kerry.guiliano@fd.com, for ExlService
Holdings, Inc.
