27 September 2016, India :
NIIT has acquired the business of Bangalore-based start-up ‘Perceptron Learning Solutions’. The strategic acquisition will bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling NIT to further accelerate its Digital Transformation initiatives – StackRoute, digiNxt, and Training.com.
Satish Sukumar, Co-Founder & CEO of Perceptron, named CTO of StackRoute Labs, NIIT’s machine learning and IoT arm.
In a press statement, the company said that together with existing platforms, this will become an integral part of it’s future multi-modal learning platform and 360 degree learning eco-system.
“We have been associated with Perceptron since last year. We are taking this association to the next level. This is a strategic move to strengthen our digital capabilities as the startup brings complementary technology platform to NIIT. It is an early stage startup, so the deal size is not very big,” said Udai Singh, head of new business initiatives, NIIT Ltd, declining to disclose the deal size.
Rahul Patwardhan, CEO, said, “Taking forward NIIT’s thrust on Digital Transformation in the EdTech domain, this strategic acquisition of Perceptron will further strengthen the company’s leadership role in the Digital Learning World.” Source- Business Standard