SPi Global signs agreement to acquire SPS from Springer Nature Group

MANILA, Philippines - Dec. 3, 2019 - PRLog -- SPi Global, the market leading content technology and content solutions enterprise that provides data services and subject matter expertise to multiple industries, today announced it has signed a definitive agreement for the acquisition of Scientific Publishing Services, or SPS, from research and education publisher Springer Nature Group. The transaction is expected to close by the end of December 2019, subject to regulatory approval.

SPS is an end-to-end solutions provider for print and digital publishers offering a diversified suite of services to science, technology and medical (STM) and humanities and social sciences (HSS) book and journal publishers, and has evolved to become a full-service offshore partner. While publishing services is its core business, SPS has ventured into other offerings including knowledge process outsourcing (KPO) for finance and marketing services, and technology solutions.

SPS operates six delivery centres with 3,600 full-time employees based in Chennai and Trichy in India. These will join SPi Global's multi-geographic footprint, with headquarters in the Philippines and a presence in seven other countries, India, US, Vietnam, Nicaragua, China, UK and Singapore, served by more than 13,500 employees.

"The acquisition of SPS is a major step in our strategic plan to be the definitive leader in content technology and knowledge services industries. The strength of SPS in print and digital publishing production services enhances SPi Global's proven expertise in this area. In addition, SPS complements SPi's sophisticated suite of solutions built for data-discovery and smart content in STM publishing, financial, legal and a wide spectrum of professional content segments. The addition of SPS provides us an opportunity to better serve the publishing industry through highly impactful technology, a diversified talent pool of SMEs and innovative end-to-end service offerings," said SPi Global President and CEO Ratan Datta.

"We are glad to have found a good home for SPS with SPi Global, given the company's strengths, capabilities and corporate culture," said Ulrich Vest, Chief Financial Officer of Springer Nature. "We have been working with SPi for 15 years now and have developed a strong relationship founded on mutual trust and confidence. SPS and SPi Global have complementary skills and knowledge which will enable them to serve a wider clientele. We must thank our colleagues at SPS, who have been an important part of our business for more than twenty years under the esteemed leadership of the late Sharad Wasani, using deep subject matter expertise to deliver excellent services to enable us to serve a demanding and sophisticated market. Separating from Springer Nature presents SPS with new opportunities so that they can continue to build on their success."

For more information, visit www.spi-global.com.

Thanaseela Prabu
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Tags:SPi, Springer
Location:Manila - Metro Manila - Philippines
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Page Updated Last on: Dec 03, 2019
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