Chennai: SPi Global, a Philippines-based content technology and solutions enterprise on Tuesday, said it has acquired Chennai-headquartered Scope e-Knowledge Center for an undisclosed sum. Scope is one of the five businesses under the umbrella of the Quatrro group of companies, largely focused on services and fulfilment, leveraging platforms and technology in specified domains. The company’s 1,100 employees will now be part of SPi Global.
“With Scope now in the SPi Global fold, we look forward to leveraging our joint strengths and vision to deliver increasing value to customers. This move enables us to offer a broader range of innovative solutions to serve existing and new markets that will further solidify our position as an industry leader,” SPi Global president and CEO Ratan Datta. Avendus Capital was the financial advisor to Scope e-Knowledge Center and its shareholders for this transaction.
Puneet Shivam, co-head enterprise technology & services investment banking group, Avendus Capital, said: “The content technology and knowledge services industry is expected to continue to benefit innovative leaders with focus increasingly on higher end services of the value chain driven by digital transformation. Scope’s expertise in technology and automation-based content enrichment services, delivered by over 1,100 domain experts, will help the joint SPi and Scope entity create innovative solutions and cement its leadership position in the industry.”
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