Philippines-based technology and data science firm SPi Global has announced the acquisition of a 100 per cent stake in knowledge process outsourcing (KPO) firm Scope e-Knowledge Center from India’s PE-backed Quatrro Group.
In a statement posted on its website, SPi Global said the acquisition is part of its plan to expand in the content technology and knowledge services industries. It did not provide any financial details of the transaction.
Chennai-based Scope e-Knowledge Center, founded in 1987, provides knowledge services for publishers and information providers from its delivery centres in Chennai and Salem in Tamil Nadu, India.
Scope president Tram Venkatraman described the acquisition as a “highly strategic step forward” and a “good move” for the company.
SPi, on the other hand, provides specialized business process outsourcing services to research and education publishers.
These services span a publisher’s entire value chain, from author support and content development through copyediting and typesetting to digitalization, database management, and data analytics.
“[The acquisition] will reinforce our ongoing efforts to build a sophisticated suite of solutions for data-discovery and smart content in STM publishing, healthcare and a wide spectrum of professional content segments,” said SPi Global President and CEO Ratan Datta.
SPi serves its clients in 14 languages through 12 delivery operations globally and employs nearly 15,000 people in the Philippines, India, US, China, Nicaragua, and Vietnam.
In May last year, Swiss fund manager Partners Group agreed to acquire SPi Global from companies controlled by CVC Capital Partners Asia III and PLDT Global Investments Corp, an indirect subsidiary of Philippine-listed telecommunications company PLDT.
The transaction valued SPi at $330 million.