What is the Everest Group BPS Top 50™? The Everest Group BPS Top 50™ is a global list of the 50 largest third-party providers, based on their Business Process Services (BPS) revenues and Year-on-Year (YoY) growth. BPS is also referred to as business process outsourcing. First released in 2015, Everest Group publishes this list every year. Why the Everest Group BPS Top 50™? The global third-party BPS industry is valued at close to US$300 billion. Over the years, this industry has evolved significantly, both in breadth and depth of services. What started as a cost optimization concept focusing on non-core and back-office business processes, today permeates the entire business process value chain, addressing a wide variety of business objectives. The industry continues to attract many providers from a broad range of backgrounds and heritages. Everest Group estimates there are more than 250 providers today with more than US$50 million in revenues offering BPS services worldwide. Some are pure-play BPS providers, while others offer business services as part of a broader portfolio (IT services, consulting, technology products). Some are focused on a particular domain or geography, while others are broad-based. Some are listed, while others are privately held.  This list helps enterprises identify scaled-up providers and evaluate their functional coverage. It also helps BPS providers compare themselves against others in the industry. The list is not an analysis of provider capabilities but rather a factual representation of their business performance as measured by their revenues and growth in a particular year (see the methodology on Page 3). Please refer to specific Everest Group PEAK Matrix reports for a detailed assessment of providers’ performances across various BPS segments.  How is the BPS Top 50 determined? There are two distinct steps involved in determining the BPS Top 50: Qualification: only the 50 largest providers, based on their BPS revenue, qualify for the BPS Top 50 assessment Rank determination: providers are ranked based on their BPS revenue and YoY growth; growth has two parameters: absolute growth (measured as change in BPS revenue in US$ million) and percentage growth (measured as percentage change in BPS revenue)  

The Everest Group Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025 report ranks technology providers specializing in regulatory compliance and financial crime prevention. This ranking is based on a comprehensive evaluation framework that assesses providers across four weighted parameters: scale and growth momentum, value-chain coverage, innovation and investment, and client/geographic coverage. The report offers in-depth insights into how the FCC technology landscape is transforming in response to rising regulatory complexity, the increasing sophistication of financial crime, and the shift toward proactive risk management. It highlights key trends reshaping the market, including the convergence of Fraud and AML (FRAML), the rapid adoption of AI/ML and generative AI, and the growing preference for cloud-native, modular, and low-/no-code platforms. Additionally, the report examines regional dynamics across North America, EMEA, APAC, and LATAM. It highlights providers that stand out in specific focus areas, such as digital identity verification, trade-finance compliance, transaction monitoring modernization, and crypto compliance. The report is a strategic resource for banks, FinTechs, capital markets, RegTechs, and technology providers seeking to benchmark, evaluate, or partner with FCC providers as they modernize compliance operations and strengthen their defenses against financial crime. Scope Industry: financial crime and compliance technology Geography: global Contents In this report, we examine: Leading 50™ FCC technology providers Financial crime and compliance technology trends and key drivers Leading 50™ financial crime and compliance technology providers’ geographical distribution Industry cloud partnerships for financial crime and compliance technology innovation Leveraging generative AI in FCC technology solutions Key investors shaping the FCC technology landscape SIs’ role in FCC technology adoption Implications for FCC technology providers The TRUST framework for building a resilient FCC strategy for enterprises

The Everest Group Leading 50™ Core Banking Technology Providers report ranks leading technology providers in the retail and commercial banking industry. The ranking evaluates providers based on key parameters, including revenue and customer base, module coverage across retail and commercial banking, innovation and investment in AI and SaaS, and client geographic mix. With the global core banking industry undergoing transformation, this report offers key insights into market dynamics, regional trends, and technology advances. It examines core banking’s transformation through the Customer-centricity, Operational agility, Regulatory alignment, and Ecosystem innovation (CORE) framework, highlighting how SaaS adoption and AI integration are reshaping the industry. The report also analyzes how pivotal hyperscaler partnerships are in accelerating innovation and SIs’ increasing importance in managing complex core banking transformations. This comprehensive analysis is a resource for banks evaluating technology providers, helps providers benchmark themselves against peers, and offers insights for financial institutions exploring core banking modernization. By examining current trends and future outlook regarding AI integration, SaaS adoption, and ecosystem partnerships, this report provides a roadmap for success in the evolving core banking technology landscape. Scope Industry: core banking technology Geography: global Contents In this report, we examine: Leading 50™ core banking technology providers The research background, methodology, and scope Core banking technology growth drivers and market size Leading 50™ core banking technology providers’ geographical distribution Recognitions for core banking technology providers Industry cloud partnerships for core banking innovation The core banking space’s future with SaaS AI and core banking convergence Key investors shaping the core banking technology landscape SIs’ role in core banking transformation Implications for core banking technology providers The CORE framework of the new normal in core banking Membership(s) Banking Information Technology Sourcing and Vendor Management

What is the Everest Group AI Top 50™? Everest Group AI top 50™ is a global list of largest AI-first technology providers. The listing is based on multiple objective parameters including their Artificial Intelligence (AI) revenues, cumulative funding, share of funding received in the past two years, and valuation. This 2023 is the inaugural release of this list – the first of what will become an annual event. Why the Everest Group AI Top 50™? In today's rapidly evolving technological landscape, it is increasingly vital to understand the dynamic AI landscape. With its groundbreaking innovation, AI continues to reshape industries, optimize processes, and redefine human-machine interactions. The technology itself has garnered substantial interest, giving rise to more than 5,000 AI technology providers in the past decade alone, according to our estimates. Some are focused on a particular domain or geography, while others are broad-based. Some are listed; others are privately held. This list helps enterprises to identify technology providers in this space that have reached significant scale. It also helps AI-first technology providers to compare themselves against others in the industry. How is the Everest Group AI Top 50™ determined? The analysis was initiated with a list of more than 2,000 AI technology providers, further narrowed down to 250+ providers based on preliminary assessments. Qualification criteria: AI-first: listed companies develop and integrate AI as a central component in their products and solutions to a degree that – without it – their offerings would be fundamentally incomplete. The listing  excludes, for example, providers that have AI as a feature that helps them improve their current offerings, such as automation-first vendors.  Software-first: listed providers develop and provide software-based AI solutions as their primary offering. The list excludes pure-play hardware and service-based AI providers. B2B focus/offerings: those on the list offer software products and solutions to meet other businesses’ technology needs. The list excludes providers that exclusively offer AI solutions for B2C   purposes. Rank determination: technology providers are ranked based on their overall AI revenue, total funding received, share of funding received in the past two years, and valuation.

The Everest Group Leading 50™ Life & Annuity (L&A) Insurance Technology Providers report objectively analyzes the leading technology providers serving the L&A insurance, retirements, and pensions industry. The ranking is based on key parameters, including revenue generated from L&A insurance platforms, line-of-business coverage, value chain functions, and global client reach. It also examines recent investments in capability enhancements, product launches, and partnerships across the technology landscape. This report offers valuable insights for L&A insurers looking to identify technology suppliers that excel in high-impact segments such as customer engagement, digital workflow management, underwriting assistance, pension administration, and distribution management. By leveraging this data, insurers can build a shortlist of potential partners tailored to their unique needs. Additionally, the report serves as a tool for technology providers to benchmark their offerings, and for system integration services providers to strengthen industry-specific partnerships, thereby enhancing their value propositions. By highlighting innovations in cloud, data, and analytics, this report provides insights to stay competitive in the evolving L&A insurance technology landscape, making it a crucial resource for providers aiming to adapt to new challenges and capitalize on emerging opportunities. Scope Industry: L&A insurance Geography: global Contents In this report, we examine: Leading 50™ L&A insurance technology providers The research approach and evaluation criteria Providers recognitions in key areas Leading 50™ providers’ global distribution Hyperscaler providers’ role in transforming the L&A insurance industry Leading 50™ providers’ system integrators and partnerships Key insights for L&A insurers Membership(s) Insurance Information Technology Sourcing and Vendor Management

The Everest Group Leading 50™ Property & Casualty (P&C) Insurance Technology Providers report objectively analyzes the leading technology providers serving the P&C insurance industry. The ranking is based on key parameters, including revenue derived from P&C insurance-focused technology platforms/solutions, line-of-business coverage, value chain coverage, and client geographic coverage. It also examines recent investments in capability enhancements, product launches, and partnerships across the technology landscape. This report provides important insights into leading core and augmentation technology providers for P&C insurers, aiding in more informed provider selection and strategic technology purchase decisions. The report also recognizes technology providers across high-impact segments such as underwriting assistance, fraud detection and mitigation, distribution and agency management, digital experience platforms (including customer experience and relationship management), emerging risks intelligence and assessment – cyber and climate, intelligent workflow orchestration, risk intelligence for property and auto insurance, and standalone pricing and rating engine. It can also serve as a benchmarking tool for technology providers to measure themselves against peers. In addition, this report provides system integration services providers with guidance on industry-specific partnerships to build a more robust value proposition for P&C insurers. By highlighting innovations in cloud, data, and analytics, this report provides a roadmap to stay competitive in the evolving P&C insurance technology landscape, making it a crucial resource for providers aiming to adapt to new challenges and capitalize on emerging opportunities. Scope Industry: P&C insurance Geography: global Contents In this report, we examine: Leading 50™ P&C insurance technology providers The research background, methodology, and scope Recognitions for specialized P&C insurance technology providers Leading 50™ P&C insurance technology providers’ geographical distribution and value chain distribution Role of hyperscalers in driving the P&C insurance industry cloud Generative AI in P&C insurance Role of System Integrators (SIs) and the partnership ecosystem with Leading 50™ Property & Casualty (P&C) Insurance Technology Providers Implications for P&C insurers Membership(s) Insurance Information Technology Sourcing and Vendor Management

What is the Everest Group Engineering Services (ES) Top 50™? This report provides a clear and objective overview of the third-party services market and how ES providers compare to each other. It will assist enterprises in identifying the top ES providers and their functional coverage, and ES providers in benchmarking themselves against peers. It will also be useful for other parties interested in the space, such as private equity and venture capital firms. Why the Everest Group Engineering Services Top 50™? ES providers continue to enhance their engineering capabilities and acquire companies to increase their scale and enter new markets. Outsourcing has grown since 2022, albeit at a slow pace. Key growth drivers include platformization and the softwarization wave. Companies invest in Software Defined Everything (SDX) in both automotive and medical devices. They experiment with gen AI in diverse applications, advance connected products, and implement Industry 4.0 practices. A consistent rise in sustainability and green technology practices in software and digital engineering also fuels growth. How is the Everest Group Engineering Services Top 50™ determined? There are two distinct steps involved in determining the Engineering Services Top 50: (1) Criterion: Only the 50 largest providers, based on their previous year’s ES revenue (CY 2023 for this report), qualify for the Engineering Services Top 50 assessment (2) Rank determination: Providers are ranked based on their previous year’s ES revenue (CY 2023 for this report) and YoY growth. Growth comprises two parameters: absolute growth (measured as change in ES revenue in US$) and percentage growth (measured as percentage change in ES revenue)

What is the Everest Group BPS Top 50™? The Everest Group BPS Top 50 is a global list of the 50 largest third-party providers, based on their Business Process Services (BPS) revenues and year-on-year growth. BPS is also referred to as Business Process Outsourcing (BPO). First released in 2015, Everest Group publishes this list every year. Why the Everest Group BPS Top 50™? The global third-party BPS industry is valued at close to US$300 billion. Over the years, this industry has evolved significantly, both in breadth and depth of services. What started as a cost optimization concept focusing on “non-core” and “back-office” business processes, today permeates the entire business process value chain, addressing a wide variety of business objectives. The industry continues to attract many providers from a broad range of backgrounds and heritages. Everest Group estimates there are more than 250 providers with more than US$50 million in revenues offering BPS services worldwide. Some are pure-play BPS providers, while others offer business services as part of a broader portfolio (IT services, consulting, technology products, etc.). Some are focused on a particular domain or geography, while others are broad-based. Some are listed, while others are privately held. This list helps enterprises to identify the scaled-up providers and evaluate their functional coverage. It also enables BPS providers to compare themselves with other industry participants. This list is not an analysis of provider capabilities but rather a factual representation of their business performance as measured by their revenues and growth in a particular year – see the methodology on page 3. Please refer to specific  Everest Group PEAK Matrix reports® reports for a detailed assessment of of service providers’ performance across various BPS segments. How is the BPS Top 50 determined? There are two distinct steps involved in determining the BPS Top 50: Qualification – only the 50 largest providers, based on their BPS revenue, qualify for the BPS Top 50 assessment Rank determination – providers are ranked based on overall BPS revenue and year-on-year growth; growth has two sub-parameters: absolute growth (measured as change in BPS revenue in US$ million) and percentage growth (measured as percentage change in BPS revenue)  

What is the Everest Group AI Top 50™? Everest Group AI top 50™ is a global list of largest AI-first technology providers. The listing is based on multiple objective parameters including their Artificial Intelligence (AI) revenues, cumulative funding, share of funding received in the past two years, and valuation. This 2023 is the inaugural release of this list – the first of what will become an annual event. Why the Everest Group AI Top 50™? In today's rapidly evolving technological landscape, it is increasingly vital to understand the dynamic AI landscape. With its groundbreaking innovation, AI continues to reshape industries, optimize processes, and redefine human-machine interactions. The technology itself has garnered substantial interest, giving rise to more than 5,000 AI technology providers in the past decade alone, according to our estimates. Some are focused on a particular domain or geography, while others are broad-based. Some are listed; others are privately held. This list helps enterprises to identify technology providers in this space that have reached significant scale. It also helps AI-first technology providers to compare themselves against others in the industry. How is the Everest Group AI Top 50™ determined? The analysis was initiated with a list of more than 2,000 AI technology providers, further narrowed down to 250+ providers based on preliminary assessments. Qualification criteria: AI-first: listed companies develop and integrate AI as a central component in their products and solutions to a degree that – without it – their offerings would be fundamentally incomplete. The listing  excludes, for example, providers that have AI as a feature that helps them improve their current offerings, such as automation-first vendors.  Software-first: listed providers develop and provide software-based AI solutions as their primary offering. The list excludes pure-play hardware and service-based AI providers. B2B focus/offerings: those on the list offer software products and solutions to meet other businesses’ technology needs. The list excludes providers that exclusively offer AI solutions for B2C   purposes. Rank determination: technology providers are ranked based on their overall AI revenue, total funding received, share of funding received in the past two years, and valuation.

What is the Everest Group Engineering Services (ES) Top 50™? Engineering Services (ES) includes all activities (across software, embedded, mechanical, and process engineering functions) that support the design, development, testing, and management of products, both hardware and software. The Everest Group Engineering Services Top 50™ is a global list of the 50 largest third-party providers, based on their ES revenues and year-on-year growth. This is the fifth edition of the definitive listing. Why the Everest Group Engineering Services Top 50™? This report provides a clear and objective overview of the third-party services market and how ES providers compare to each other. It will assist enterprises in identifying the top ES providers and their functional coverage, and ES providers in benchmarking themselves against peers. It will also be useful for other parties interested in the space, such as private equity and venture capital firms. ES providers continued to boost their engineering capabilities and acquire companies to increase scale and gain access to new markets. Outsourcing has increased from 2021, driven by a platformization wave, increased investments in connected and electric cars, and a rise in sustainability and green technology practices toward software and digital engineering. How is the Everest Group Engineering Services Top 50™ determined? There are two distinct steps involved in determining the Engineering Services Top 50: (1) Criterion: Only the 50 largest service providers, based on their previous year’s ES revenue (CY 2022 for this report), qualify for the Engineering Services Top 50 assessment (2) Rank determination: Service providers are ranked based on their previous year’s ES revenue (CY 2022 for this report) and year-on-year growth. Growth comprises two parameters: absolute growth (measured as change in ES revenue in US$) and percentage growth (measured as percentage change in ES revenue)