NYSE-listed, $1.4 billion US-based CDI Corp. has announced today that it has entered into a definitive agreement to acquire ScaleneWorks People Solutions LLP, a talent acquisition solutions company in India, for an undisclosed amount.
This acquisition provides CDI with the capability to capitalize on the large and high-growth Indian market, deliver support for the offshore needs of existing CDI clients, and develop a cost-effective offshore delivery capability to serve those clients in CDI’s home markets.
Founded in 2010 by Sanjay Shelvankar, Bengaluru-based ScaleneWorks provides enterprise and task recruitment and recruitment process outsourcing (RPO) solutions, as well as other talent analytics and advisory solutions, to multiple companies in India. It has worked with 80 customers and grown its headcount to 900 employees. The company offers technology-based solutions in the areas of workforce planning, selection methodologies, screening techniques, video-based interview platform, post offer follow-ups and exit management.
Post acquisition, Shelvankar will continue to lead ScaleneWorks as CEO and will be responsible for cementing joint ventures and M&As for CDI in India, China and GCC countries, as well as innovating new products in the RPO space.
CDI is entering India on the back of the “Make in India” message to propel their services in areas including engineering, information technology and staffing solutions. The company’s customers operate in a variety of industries, ranging from Oil, Gas & Chemicals to Aerospace & Industrial Equipment, and High Technology, and include corporate, federal, state and municipal entities. They currently have delivery centers in the United States, Canada and the United Kingdom.