sentences:  In May, EXL had entered into a definitive agreement to acquire Outsource Partners International for US$90 million, one of the last standing pure play Finance & Accounting Outsourcing (FAO) service providers.Despite the reduction in pure play FAO service providers, at the time there were over 20 companies providing FAO services as part of their portfolio.In July 2006, EXL acquired Inductis for $20 million.