Global has entered into a definitive agreement to acquire
Element K, a provider of learning solutions in North America, NIIT Ltd said
The transaction is expected to close within two weeks.
Together, NIIT and Element K would emerge as the leading global provider of
learning solutions, with more than 3,000 employees, over $ 250 million in
revenue and a presence in 32 countries.
Element K's $80 million learning solutions business leverages its renowned
technology Knowledge Hub, and an award-winning suite of more than 3,500 courses.
Its learning solutions are enhanced through custom content development and
strategic learning services, to address specific business challenges.
"This acquisition is consistent with
our stated plans for accelerated growth in
developed economies", stated Vijay Thadani, CEO of the NIIT. "Element K has an
established base of highly satisfied clients in the United States and Canada,
and a well respected brand in the training industry. They are moving
successfully into the North American Learning BPO market place, and will benefit
from NIIT's global presence and complementary learning services" he added.
NIIT and Element K have nearly 25 years of experience in providing learning
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