Next Education India Pvt Ltd, a Hyderabad-based technology-driven company revolutionising the education system in India, has acquired InOpen Technologies Pvt Ltd, a Mumbai-based firm that develops educational content and teacher training solutions, in an all-cash deal.
The deal provides Next Education access to Computer Masti, a computer science-focused curriculum developed by Indian Institute of Technology, Bombay (IIT-B) and InOpen. As part of the deal, InOpen’s workforce will merge with the Next Education team.
In a statement, Beas Dev Ralhan, Co-founder and CEO, Next Education, said, “Such strategic acquisitions give us an opportunity for exponential growth. Computer Masti adds to our portfolio and enables us to maintain our position as India’s most innovative education products company.”
InOpen Technologies was founded in October 2009 by IIT-B Professor Sridhar Iyer, along with Rupesh Shah, who was previously involved with training college students in open source and adult literacy. InOpen designs and develops educational content and solutions for academic institutions.
Next Education was founded in 2007 by Ralhan and Raveendranath Kamath, is an educational tech firm that offers 10,000 learning modules for classroom teaching at school and junior college levels.