Educomp Exits IndiaCan

Educomp Solutions  has sold 50% of its stake in IndiaCan, a vocational training business to Pearson, its JV partner in the venture.

IndiaCan  is a JV that was started between Educomp and Pearson in 2009 to tap on the vocational training market in India.

For Educomp, this is a third in a series of exits from non-core businesses. Educomp now plans to focus on digital content & IP offering and asset backed offerings like schools and colleges. IndiaCan is the second acquisition for Pearson this year. In February 2013, Pearson had acquired the remaining 20% stake in TutorVista taking its total stake in the company to 100%. TutorVista provides online tutoring service to students

Educomp’s recent consolidation Drive:

  • In January 2013, Authorgen, a subsidiary of Educomp Solutions Ltd, had raised Rs 22 crore from Kaizen, a private equity firm and a German media company, Bertelsmann. Authorgen through its website, WizIQ.com  enables education service providers to create virtual classrooms and also convert document to flash.
  • In 2011, Educomp merged Studyplaces.com  after being acquired in 2010

About Educomp

Educomp Solutions Limited, founded in 1994 is a globally diversified education solutions provider and the largest education company in India. Educomp smartclass is a first of its kind, teacher-led educational content based solution that has dramatically improved learning outcomes in Private Schools.

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