Exlservice Holdings (EXLS) Tops Q2 EPS by 2c; Boosts FY14 Revs Outlook

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EXL (EXLS), Carvajal Unit Enter LatAm Joint Venture

July 29, 2014 6:52 AM EDT

EXL (NASDAQ: EXLS) and Carvajal Tecnologia y Servicios (CT&S), a subsidiary of Carvajal S.A., announced that they have signed a non-binding memorandum of understanding to establish a joint venture to address the growing demand for Spanish language-based operations management solutions delivered from Latin America. The solutions provided will include finance and accounting, complex customer services and clinical services. CT&S is expected to contribute its existing Finance & Accounting Outsourcing operations (Carvajal Servicios) to the joint venture, in which EXL will acquire a 51% stake.

The joint venture is intended to combine Carvajal... More