CL Educate Acquires 51% Stake In EdTech Startup Accendere

CL Educate Acquires 51% Stake In EdTech Startup Accendere

SUMMARY

The company may re-file a fresh DHRP during Q1 2016

Chennai-based education services company, CL Educate, formerly known as Career Launcher, has acquired 51 percent stake in Hyderabad-based educational startup, Accendere Knowledge Management Services, for an undisclosed amount.

With this acquisition, Accendere can tap into the countrywide reach of CL Educate – 700 Indian universities, said the company in a statement.

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