ExlService Holdings, Inc. has recently disclosed its plans to acquire iMerit, a renowned AI model training company. The acquisition, valued at a substantial $310 million in initial and potential future payments, is set to enhance ExlService's capabilities in delivering tangible results through AI. iMerit specializes in training large language and multimodal models to enhance precision and effectiveness for its clientele. This strategic move will enable ExlService to collaborate with prominent foundation model creators, thereby extending its presence in thriving AI technology segments. The agreement is anticipated to be finalized in the third quarter of 2026, pending standard closing procedures.