Exult Inc.

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Exult Inc. was a company, headquartered in Irvine, California that provided business services related to Human Resources HR and Business Process Outsourcing BPO.

Exult was created in 1998, with a business model based on the premise that big corporations could be persuaded to outsource the most mundane human-resources tasks to outside contractors.

Founded by Jim Madden, who also served as chairman and chief executive officer of Exult, the company experienced rapid growth. Exult was initially funded by private-equity firm General Atlantic Partners LLC.

Innovator

Widely viewed as an innovator and the leading outsourcer in the HR-led BPO market, Exult's target market was Global 500 companies and other large complex corporations, for which Exult would provide Human Resources outsourcing solutions and expertise in high volume business processes.

Exult provided administrative services like payroll and benefits plans, as well as recruiting and learning and development for businesses. The company ran some of these services on intranet technology, called myHR, in which clients' employees could access general data on human resources.

In addition to human resource functions, Exult provided financial process outsourcing solutions options to its clients inclusive of accounts receivable, general ledger and finance, accounts processing, and fixed asset and procurement tools.

Operations

Exult's global footprint included operations in the USA, UK, Canada, Hong Kong, Singapore, the Netherlands, Poland, India and Brazil.

Client service centers for Exult were located in South Shields, England; Uberlândia, Brazil; Memphis, Tennessee; Houston, Texas; Charlotte, North Carolina; Glasgow, Scotland; Toronto, Ontario, Canada; and Mumbai, India.

Stocks in Exult traded on the NYSE under the symbol (EXLT).

Mergers and Acquisitons

In 2004, Exult announced the acquisition of ReloAction a Pleasanton, California based firm specializing in the relocation of workers for large firms.

Later in 2004, Exult itself was acquired by Hewitt Associates of Lincolnshire, Illinois.

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