(PLDT) said it has acquired an India-based outsourcing firm that would
strengthen its presence in the publishing services.
SPI Global said it has purchased Laserwords Private Limited from
India's Murugappa Group.
Laserwords is one of the pioneers and most successful publishing BPO
companies in India.
Avendus Capital, Inc. was the exclusive financial advisor to SPi
Global for the transaction.
Maulik Parekh, SPi Global president and chief executive said that the
acquisition would expand the depth and breadth of the company's
content solutions business that is hard to rival in the industry.
"With the combined strength of two leaders in the global publishing
space, our clients will get unmatched and an even more comprehensive
suite of solutions for print, electronic, and database products,"
Parekh said in a statement.
Laserwords has production facilities spread over India and the United
States and provides a range of solutions that include production,
editorial, multimedia, conversion and technology.
"This strategic acquisition will complement SPi Global's strong
presence in the Scientific, Technical, Medical and Legal verticals
with Laserwords' established foothold in the Education sector. We
expect that this will expand and deepen our engagements with existing
clients and also attract prospective clients," Parekh said.
Earlier, SPI consolidated its Springfield Service Corp. (SSC) and
Laguna Medical Systems (LMS), under the "SPi Healthcare."
The company's move will streamline the company's offerings to clients
and leverage the strengths of the two companies to offer the depth and
breadth of services that the US healthcare industry requires during
these times of reforms.
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