EXL to acquire AI training firm iMerit for $310 million

EXL Service Holdings has entered into a definitive agreement to acquire iMerit, a specialist in AI model training and evaluation, for $310 million.

The transaction is designed to deepen EXL's capabilities in the artificial intelligence data supply chain, specifically targeting the growing demand for high-quality model training and reinforcement learning services.

The acquisition allows EXL to move further up the value chain in AI infrastructure.

While EXL has established itself as a leader in data and analytics, iMerit brings specialized expertise in evaluating and refining large language models.

This vertical integration enables EXL to offer enterprises a more comprehensive suite of tools for developing and deploying advanced AI applications.

The deal comes as competition intensifies among firms providing the foundational data services required for generative AI.