E-learning solutions provider, Educomp Solutions, today said it has acquired 76 per cent stake in ThreeBrix E-Services Pvt Ltd.
The partnership between Educomp Solutions and ThreeBricks would leverage Educomp's large content library for providing tutoring in several ways — online, offline and through learning centers mainly focused on serving Indian students — the company informed the BSE.
The company, however, did not disclose any other details of the deal.
ThreeBrix E-Services owns 'The Learning Hour' tutoring service and was started in 2005 by three IIM – Ahmedabad graduates and has gained early success in providing a high quality tutoring service in the Middle East and Dubai markets.
The size of the instructor led tutoring market is over 5,000 crore in India, the company said.
In a separate filing, Educomp said it has bagged a three year order worth Rs 18.30 crore from Haryana government.
The company said it has received a letter of intent from Haryana government for imparting CAL programme in 716 government senior secondary schools in the state.
Source : Economic Times