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SPi Global Acquires India-Based Laserwords(November 04, 2011)
MANILA, PHILIPPINES -- (Marketwire) -- 11/04/11 -- SPi Global, a leading full service BPO provider and the largest Filipino-owned BPO company today announced it has acquired Laserwords Private Limited from India's Murugappa Group. Laserwords is one of the pioneers and most successful publishing BPO companies in India.
SPi Global President and CEO Maulik Parekh said that this acquisition will 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 explained.
Like SPi Global, Laserwords Private Limited enjoys a long track record in the industry. Founded in 1983, it is a well-known and successful outsourcing partner for some of the world's leading educational, academic, and professional publishers. 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 further added.
SPi Global has been in the content solutions business for more than 30 years. It has been awarded as the No. 1 Print and Publishing Outsourcing vendor by the Black Book of Outsourcing.
Earlier this year, SPi Global has been named "BPO Company of the Year" in the International ICT Awards. It has also bested other foreign BPO companies in Vietnam to win The Sao Khue 2011 Prize for the best BPO service in the BPO services category, recognizing SPi Global's excellent BPO solutions.
The company has also ranked among the top 100 outsourcing service providers in the world by the International Association of Outsourcing Professionals' (IAOP) Global Outsourcing 100 list. This is the 6th consecutive year that SPi Global was included in this list.
Avendus Capital, Inc. was the exclusive financial advisor to SPi Global for this transaction.
About SPi Global
SPi Global, 2011 BPO Company of the Year in the International ICT Awards, is a leading, globally recognized, full-service BPO provider with 24 offices and facilities around the world including the US, Netherlands, Philippines, India, Vietnam and Australia. It has over 15,000 employees delivering a wide range of solutions in Customer Relationship Management, Content and Healthcare.
SPi Global is a wholly owned subsidiary of the Philippine Long Distance Telephone Company (PLDT), the leading telecommunications provider in the Philippines. PLDT is listed on the Philippine Stock Exchange (PSE: TEL), and its American Depositary Shares are listed on the New York Stock Exchange (NYSE: PHI).
For more information, visit http://www.spi-global.com
Laserwords is one of the oldest and most successful outsourcing partners for global media and publishing companies, with production facilities spread over Chennai-India, Lewiston-Maine, Madison-Wisconsin, and a separate facility offering publishing services in New York City.
Laserwords has strong and deep-rooted relationships with 4 of the global top 5 publishing companies currently, and a successful track record of delivering several millions of pages for each of them all in typesetting and conversion services on a variety of platforms all besides delivering software and automation solutions around core production processes.
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