M&A Deal Summary

ExlService Holdings Acquires SCIO Health Analytics

On May 1, 2018, ExlService Holdings acquired software company SCIO Health Analytics from Health Enterprise Partners

Acquisition Highlights
  • This is ExlService Holdings’ 3rd transaction in the Software sector.
  • This is ExlService Holdings’ 12th transaction in the United States.
  • This is ExlService Holdings’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2018-05-01
Target SCIO Health Analytics
Sector Software
Buyer(s) ExlService Holdings
Sellers(s) Health Enterprise Partners
Deal Type Add-on Acquisition
Advisor(s) Triple Tree LLC (Financial)

Target

SCIO Health Analytics

West Hartford, Connecticut, United States
website
SCIO Health Analytics is a health analytics solution and services company serving over 100 healthcare organizations representing over 130 million covered lives across the continuum including providers, health plans, PBMs, employers, health services and global life sciences companies. Headquartered in West Hartford, Connecticut, SCIO has more than 1,100 professionals in locations throughout the United States, the United Kingdom and India. SCIO provides scalable predictive analytic solutions and services that transform data into actionable insights, helping healthcare organizations identify opportunities and prescribe actions to drive operational performance and address the healthcare waste epidemic while improving care quality. SCIO is dedicated to helping our clients achieve outcomes and decrease total cost of care.

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Buyer(S) 1

Buyer

ExlService Holdings

New York, New York, United States

website

Category Company
Founded 1999
Sector Business Services
Employees43,100
Revenue 1.1B USD (2021)
DESCRIPTION

ExlService Holdings is a business process solutions company that looks deeper to drive business impact through integrated services and industry knowledge. EXL provides operations management, decision analytics and technology platforms to organizations in insurance, healthcare, banking and financial services, utilities, travel, and transportation and logistics, among others. ExlService Holdings was incorporated in 1999 and is based in New York, New York.

DEAL STATS #
Overall 14 of 15
Sector (Software) 3 of 3
Type (Add-on Acquisition) 11 of 12
State (Connecticut) 2 of 2
Country (United States) 12 of 13
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Corridor Platforms

New York, New York, United States

Corridor Platforms, Inc. is a company launching a big data credit risk management platform to support real-time credit decisions throughout the customer lifecycle. Corridor Platforms provides banks and financial services clients the ability to utilize detailed risk frameworks, a dynamic credit decisioning engine, and a fully integrated big data management layer fine-tuned to meet the compliance and regulatory needs of financial services companies. The platform enables clients to create and evaluate credit strategies, execute credit decisions in real time and at scale, track performance, and automate alerts to enforce a disciplined end-to-end credit decisioning process.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Clairvoyant

Chandler, Arizona, United States

Clairvoyant provides global technology consulting and services to help organizations in their business transformation by maximizing the value of data through actionable insights. The company provides data engineering, analytics, machine learning, product engineering, and cloud-based solutions to some of the world's largest brands. Founded in 2012, Clairvoyant is headquartered in Phoenix, AZ, with offices in the U.S., Canada, and India.

Buy -

Seller(S) 1

SELLER

Health Enterprise Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 425M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 11 of 22
Sector (Software) 1 of 3
Type (Add-on Acquisition) 8 of 18
State (Connecticut) 2 of 3
Country (United States) 11 of 22
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-13 Wildflower Health

San Francisco, California, United States

Wildflower Health is a provider of mobile-based enterprise software to simplify healthcare every day, helping families manage the health needs of moms, dads, kids, and aging parents on one shared mobile application. Wildflower Health was founded in 2012 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 SHYFT Analytics

Waltham, Massachusetts, United States

SHYFT Analytics is an analytics platform for life sciences with products designed specifically for the unique needs of the pharmaceutical, biotech, and medical device industries. SHYFT Analytics was founded in 2005 and is based in Waltham, Massachusetts.

Sell -
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