News: NIIT acquires ed-tech startup Perceptron

Entrepreneurship

NIIT acquires ed-tech startup Perceptron

Learning solution provider NIIT has acquired the business of Bengaluru-based startup Perceptron to accelerate digitization.
NIIT acquires ed-tech startup Perceptron

NIIT, a global leader in skills and talent development has acquired the business of Bengaluru-based start-up Perceptron Learning Solutions Private Limited. The strategic acquisition aims to fast-track NIIT’s digital transformation initiatives- StackRoute, digiNxt, and Training.com as reported to ET.

Perceptron’s next gen 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 & mastery learning strategies.

Established in 2014, the main objective of Perceptron is developing learning platforms that amalgamates deep analytics and semantic computing to ensure better learning outcomes.

With this move, NIIT also announced the appointment of Satish Sukumar, co-founder of Perceptron as the CTO of StackRoute Labs. StackRoute Labs is an NIIT project to build competencies in areas such as machine learning, IoT and full stack product engineering. In a press statement, the company said Perceptron's acquisition envisions in building the multi-modal learning platform and a 360 degree learning eco-system. Further, Perceptron’s co-founders and engineering team will strengthen NIIT’s technology talent pool with their proven expertise.

Commenting on this accomplishment, Rahul Patwardhan, CEO, NIIT said, "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."

 

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Topics: Entrepreneurship, #MergersAndAcquisitions

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