Philippine-based technology and data science firm SPi Global has acquired 100 per cent stake in knowledge process outsourcing (KPO) firm Scope e-Knowledge Center, one of the businesses under the PE-backed Quatrro Group of India, the company said on its website.
“The acquisition of Scope is part of our strategic plan to expand and become the undisputed leader in content technology and knowledge services industries. It 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 Global did not provide the financial details of the acquisition.
Scope is a knowledge services company providing content and data enrichment solutions to publishers, information providers, and professional societies across the world, catering to the requirements of more than 100 clients for over three decades now since it was established in 1987.
Powered by cutting-edge technology for data discovery, it has built a strong brand name in the areas of taxonomy and ontology, abstracting, indexing, health science solutions and database services.
These services are delivered by a talented pool of 1,100 plus specialists located out of its delivery centers in Chennai and Salem, India.
Scope is one of the five businesses under Quatrro Group, whose investors include PE firm Olympus Capital Holdings Asia, VC firm Walden International and asset management firm The D E Shaw Group.
“Being one of the most advanced players in its space, Scope’s skills, knowledge and capabilities are complementary to SPi Global’s. Coming together is therefore a highly strategic step forward and we believe SPi’s wide reach in different content markets and geographies makes this a good move for us” said Scope’s President Tram Venkatraman.
SPi 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 copy editing and typesetting to digitalization, database management and data analytics.
Swiss fund manager Partners Group agreed to acquire SPi Global in May 2017 from companies controlled by CVC Capital Partners Asia III and PLDT Global Investments Corp, an indirect subsidiary of Philippine-listed telecommunications company PLDT.