Literacy Capital has acquired a stake in amplify5, a company that specializes in offshoring critical business functions from Cape Town, South Africa. This investment aligns with Literacy Capital's strategy to support businesses that provide essential services in a global market.

Amplify5 focuses on delivering various business services, leveraging South Africa's skilled workforce to meet the needs of international clients. The partnership is expected to enhance amplify5's capabilities and expand its reach in the offshoring sector.

This deal highlights the growing trend of offshoring as companies seek cost-effective solutions while maintaining high service standards. Literacy Capital's involvement is anticipated to bolster amplify5's growth trajectory and operational efficiency.

The investment reflects a broader interest in the offshoring industry, which continues to evolve as businesses adapt to changing economic landscapes. By investing in amplify5, Literacy Capital aims to tap into the potential of offshoring services, which are increasingly in demand across various sectors.

Overall, this strategic move underscores the importance of offshoring in today's business environment and Literacy Capital's commitment to fostering growth in this area.