The Philippines-based IT firm SPi Global has acquired 100% stake in PE-controlled knowledge process outsourcing unit of Quatrro group for an undisclosed amount, said a press statement. The acquisition, called Scope e-Knowledge Center, is one of the five businesses under the PE-backed Quatrro group, which offers enterprise services.
The investors in Raman Roy-founded Quatrro include private equity firm Olympus Capital Holdings Asia, venture capital firm Walden International and asset management firm The D E Shaw Group. The three, along with Roy, are also investors in Scope e-Knowledge Center, going by VCCEdge, the research data platform of News Corp VCCircle.
Ratan Datta, president and chief executive of SPi Global, said the acquisition will re-inforce SPi Global’s efforts to build a suite of solutions for data discovery and smart content in STM (scientific, technical and medical) publishing, healthcare and professional content segments.
Established in 1987, Chennai-based Scope e-Knowledge Center provides specialised knowledge services for publishers and information providers. It has delivery centres at Chennai and Salem in Tamil Nadu.
In 2016-17, the company’s consolidated net sales stood at Rs 99 crore and profit after tax was Rs 24.55 crore, according to VCCEdge.
Avendus Capital was the financial adviser to Scope e-Knowledge Center and its shareholders for this transaction.
The company’s acquirer SPi Global is a content technology and content solutions enterprise that provides data services and subject matter expertise to industries such as publishing, finance, healthcare and life sciences, media and retail, research, learning, and corporates.
SPi Global delivers business services from 19 centres across the globe. It has a workforce of more than 14,700 employees in six countries: the Philippines, India, the US, China, Nicaragua and Vietnam.
In May 2017, Partners Group, the global private markets investment manager, agreed to acquire SPi Global from CVC Capital Partners Asia III in a transaction that values SPi at $330 million.
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