NIIT Buys Education Technology Startup, Perceptron
NIIT Ltd. surged to as much as 4.9 percent to Rs 102.35 after the managed training services provider announced the acquisition of Bengaluru-based start-up Perceptron Learning Solutions Pvt. Ltd. for an undisclosed sum.
The acquisition will enable NIIT to accelerate its digital transformation initiatives like ‘StackRoute’, ‘digiNxt’, and ‘Training.com’, the company said in a press release. NIIT will also gain access to Perceptron’s next generation learning platform, Ilimi.
Taking forward NIIT’s thrust on digital transformation in the EdTech domain, this strategic acquisition of Perceptron will further strengthen NIIT’s leadership role in the digital learning world.Rahul Patwardhan, Chief Executive Officer, NIIT (Source: Press Release)
NIIT has also announced the appointment of Perceptron Co-Founder and Chief Executive Office Satish Sukumar as the Chief Technology Officer of the company’s full stack product engineering initiative ‘StackRoute Labs.’