Education service provider Educomp Solutions is buying a 51% stake in US-based e-learning company Learning.com for $24.5 million.The company is tapping internal accruals and reserves to fund the buy, which is its second strategic investment after the acquisition of Singaporean K12 company Ask n Learn.
Founded in 1999, Learning.com provides web-delivered curriculum and assessment, and has as many as 2 million students in schools across the United States. With this acquisition, Educomp will get distribution access to over 800 US districts, through which it can reach out to the North American market.Prakash said Educomp hopes to take its own basket of offerings to American schools and bring Learning.com’s products to its 4 million users in India and Southeast Asia.
Read more in The DNA Money article.
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