Tuesday, August 01, 2006

NIIT & Element K : Analyst Views

Analyst Review: NIIT and Element K Consummate the Perfect Marriage

By Doug Harward, Founder and CEO of TrainingOutsourcing.com

On July 27, global learning services provider NIIT, headquartered in New Delhi, India announced that it had acquired Rochester, N.Y. based Element K. Combined the companies will have more than 3,000 employees throughout the world with revenues in excess of US $250 million. Instead of terming this an acquisition, I like to view it more as the perfect marriage of two complementary organizations. The union of the two companies has the ability to become one of the most powerful companies in the corporate and educational marketplace.
This is the second merger this year among "Top 20 Companies in the Training Outsourcing Industry" and definitely the most significant in terms of global reach. In June, ACS announced it was acquiring Ernst and Young's Intellinex Learning Services division. Although each deal has great importance to the industry, the NIIT - Element K deal combines two companies with strong international impact. NIIT has long been known for its content development and learning technology capabilities with a strong presence in India, China, Europe, and Africa, and a growing presence in North America. Element K's prominence has primarily been in North America through managed services for e-learning and learning technologies. Their KnowledgeHubTM solution has been well received along with their award winning suite of over 3500 online courses.

No comments:

Popular Posts

How To Live

"Far better it is to dare mighty things, to win glorious triumphs even though checkered by failure, than to rank with those poor spirits who neither enjoy nor suffer much because they live in the grey twilight that knows neither victory nor defeat."

- Theodore Roosevelt

Last Words

We shall not cease from exploration
And the end of all our exploring
Will be to arrive where we started
And know the place for the first time.

- T S Eliot

Creative Commons License

AddThis