NIIT has acquired Bengaluru-based startup Perceptron Learning Solutions. The acquisition accelerates NIIT’s digital transformation initiatives – StackRoute, digiNxt, and Training.com.
With this move, NIIT also announced the appointment of Satish Sukumar, co-founder of Perceptron as the CTO of StackRoute Labs.
In a BSE filing, the company said, “Perceptron’s acquisition builds on NIIT’s strategic focus for a leadership role in the digital learning world. Together with existing platforms, this will become an integral part of NIIT’s future multi-modal learning platform and 360-degree learning eco-system. Further, Perceptron’s co-founders and engineering team will strengthen NIIT’s technology talent pool with their proven expertise.”
StackRoute Labs builds competencies in areas such as machine learning, IoT and full stack product engineering. StackRoute Labs builds IP, offers consulting, and creates advanced courses such as the full-stack boot camps delivered at StackRoute and NIIT’s DigiNxt.
Perceptron’s learning platform, Ilimi, combines developments in semantic computing, predictive analytics, learning science, and digital transformation technologies to create an environment for implementing learner-centric, immersive learning, and mastery learning strategies. Hence, the acquisition will further look at building the multi-modal learning platform and 360-degree learning ecosystem.
Edtech startups have gained a fair amount of funding in 2016. Earlier this month, Noida-based LIQVID eLearning Services, an educational software company raised close to $1 Mn in Series A funding from social venture capital firm Gray Matters Capital. Also, Palo Alto-based edtech startup Stoodnt raised an undisclosed amount of funding from Rajan Anandan, Vice-President, Google, Southeast Asia and India.
Additionally, Bengaluru-based edtech startup BYJU’s raised $50 Mn funding led by the Chan Zuckerberg Initiative (CZI), which was founded by Mark Zuckerberg and Dr. Priscilla Chan, along with Sequoia Capital. Sofina, Lightspeed Ventures, and Times Internet Ltd also participated in the round.
The development was reported by ET.