Educomp to acquire

By SiliconIndia   |   Friday, 29 January 2010, 02:50 Hrs
Printer Print Email Email
Bangalore: Delhi-based e-learning solutions provider Educomp Solutions plans to acquire, which is owned by Zaptive Internet Services. Under the deal, Educomp will buy the domain name and other existing contracts of Zaptive and will allot equity shares on a preferential basis of up to $1.5 million in exchange.

StudyPlaces helps students find, compare, evaluate and then select the right course, institute and country for their further study. In January 2008, raised $3 million from venture capital firms Kleiner Perkins, Caufield and Byers (KPCB), Ram Shriram's Sherpalo Ventures and the internet company Info Edge India (the group), with each entity investing $1 million in the company.

Educomp Solutions has already acquired 51 percent stake in for $24.5 million and 76 percent stake in for 2.5 crore. UK-based publishing firm Pearson owns 50 percent stake in Educomp Solutions, which it had acquired in June 2009 for $17.5 million.

Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..