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Educomp to buy 76% stake in A-Plus Education

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Leading e-learning solutions provider Educomp Solutions has said it would acquire 76% stake in A-Plus Education Solutions for INR 10.75 crore in the next two years.

A-Plus Education is operating under the brand name 'Purple Leap' and focuses on the area of improving employability of college graduates, Educomp said in a filing to the Bombay Stock Exchange.

'The company will focus on preparing students currently studying in over 15,000 colleges in the country and will make them workplace ready,' the filing said and added that Educomp would leverage its very large customer base across five million students in India, going up to 10 million by financial year 2009-10.

'Along with our recently announced partnership with Raffles Education Corporation for professional education, Educomp's foray into skills completes our 360 approach to helping students achieve their fullest potential,' Educomp Solutions CEO Shantanu Prakash said.

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