CDI to Acquire ScaleneWorks, an India-Based Talent Acquisition Solutions Company

Aug 05, 2015, 20:05 ET from CDI Corp.

PHILADELPHIA, Aug. 5, 2015 /PRNewswire/ -- CDI Corp. (NYSE: CDI) announced today that it has entered into a definitive agreement to acquire ScaleneWorks People Solutions LLP, a privately held, emerging leader in talent acquisition solutions in India. Financial terms of the transaction were not disclosed. The closing is subject to certain conditions, including regulatory approval by Indian authorities. The acquisition is expected to be immediately accretive to adjusted earnings when completed, but not material to current year financial performance.

Founded in 2010, ScaleneWorks provides enterprise and task recruitment and recruitment process outsourcing (RPO) solutions, as well as other talent analytics and advisory solutions, to multiple leading companies in India. 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.

"The acquisition of ScaleneWorks represents an important step in our plan to expand selectively our footprint to high growth markets and offer new and existing clients additional value-added services," said David Arkless, Executive Vice President and President of CDI International. "ScaleneWorks already has demonstrated its RPO and analytic-based recruitment capabilities with a number of leading global companies. We are excited to welcome the ScaleneWorks team and clients to CDI."

"This transaction represents an opportunity to accelerate our growth," added Sanjay Shelvankar, CEO at ScaleneWorks. "We wanted to align our capabilities with a global firm that could leverage our strengths across a new base of clients and allow us to continue to expand rapidly in India with innovative recruitment and consultative services."

About CDI

CDI Corp. (NYSE: CDI) provides client-focused engineering, information technology and staffing solutions.  Our 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. We serve customers through offices and delivery centers in the United States, Canada and the United Kingdom. We also provide staffing services through our global MRINetwork® of franchisees.  Learn more about CDI at

About ScaleneWorks People Solutions

ScaleneWorks People Solutions is a five-year-old talent acquisitions solutions company that operates across India and is headquartered in Bangalore, India. ScaleneWorks provides Human Capital Management Solutions, Task RPO, Enterprise RPO and other bespoke innovative on-site recruitment solutions across the IT, ITES and Engineering industries to a number of global blue chip and fast emerging Indian companies. Learn more about ScaleneWorks at

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