EXL Service acquires AI model trainer iMerit for up to $310 million
EXL Service (NASDAQ: EXLS) agreed to acquire iMerit, a leader in AI model training and reinforcement learning, for up to $310 million, with the deal expected to close in Q3 2026.
EXL Service (NASDAQ: ) signed a definitive agreement to acquire iMerit, a leader in AI model training, evaluation, and reinforcement learning, for up to $310 million in upfront and future consideration [1]. The deal is expected to close in the third quarter of 2026, subject to customary closing conditions [1].
iMerit specializes in helping clients train large language and multimodal models to improve accuracy, precision, and effectiveness [1]. The acquisition adds foundation model expertise and training technology to EXL's existing enterprise AI services portfolio. EXL, a global data and AI company, positioned the deal as strengthening its ability to help enterprises achieve measurable outcomes from AI while building partnerships with leading foundation model builders [1].
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