Tarang to broaden offerings in e-learning space

Priya Padmanabhan

BANGALORE: Spurred by the increased customer interest across industries in e-learning, Bangalore-based payment and e-learning solutions provider Tarang Software Technologies is investing in this business to drive in more revenues.

Tarang’s e-learning business is around three-years-old and now contributes to 50 per cent of the firm’s overall revenues of $3 million.

Initially, the company focused on the US education sector developing solutions for the K-12 segment and then moved to cater to e-learning in the enterprise and technology sector both in India and overseas markets.

Tarang provides custom content development solutions such as instructional design and simulation-based content, and learning technology services.

Rama Kumar, CEO, Tarang told CyberMedia News that enterprises across verticals in India were waking up to the importance of training employees with e-learning.

“Companies are facing attrition and also adding scale rapidly. They need consistency in terms of training. We provide e-learning solutions for sectors like manufacturing, engineering industries, BPO and high-tech.”

He also said that retail and the hospitality industry were also prospective segments on the company’s radar. The company is in talks with a large hotel chain in India.

Stressing the growing acceptance of e-learning among Indian corporates, Kumar said that companies were now hiring specialist executives such as chief learning officers (CLO), knowledge management officers and also talent transformation officers.

Tarang hopes its e-learning business to drive revenues of $5 million this fiscal. Kumar said that the company is looking to expand into the area of e-publishing and e-books. He is not averse to inorganic growth through acquisitions to enter this segment.

The company also intends to up its e-learning development team from 80 to 150 by the year-end.

© CyberMedia News