Simplilearn eyes another USD 10-mn acquisition

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Bengaluru, June 26 (PTI) :Education technology company Simplilearn, which acquired US-based digital marketing training firm Market Motive in a USD 10 million deal, today said it is looking for one more acquisition for approximately the same amount anywhere in the world.

“Right now we are not looking at raising further funds because we still have enough money to do one more acquisition for may be USD 10 million as we exactly did by acquiring Market Motive,” Simplilearn Founder and CEO Krishna Kumar told PTI.

Simplilearn yesterday had announced the acquisition of Silicon Valley-based digital marketing training firm Market Motive.

When asked about the details of its acquisition plans, Kumar said the company is in the process of finding one and have not finalised anything.

He added, the company is looking for an acquisition in the sectors where it does not have any presence, like human resources, sales and compliance.

“We are looking for something which we don’t have, but it should be a fast growing sectors like human resources, sales and compliance, so that we can put that also on Simplilearn platform because we want to build more like a horizontal player,” he said.

“Working professionals across industry and sector, when they are looking for a course they should find something on Simplilearn. We are looking from catalogue point of view – somebody who brings that expertise,” Kumar said.

On the market potential of these sectors, Kumar said, “We think there are enough people in that area to target.”

Talking about Google, Kumar said it is a strong partner for Simplilearn because it gives the company a good number of customers.

Google has helped Simplilearn to get visibility and is more important from the perspective of acquisitions, he said

Simplilearn offers over 250 online courses across industries and functions, globally. The company provides a range of certification-based courses to 15,000 learners every month world over, he said.

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