NIIT acquires business of ed-tech startup Perceptron
NIIT Ltd, a global skill and talent development firm, on Tuesday, said it has acquired Bengaluru-based start-up Perceptron Learning Solutions Private Limited to accelerate its digital initiatives and bring in deep analytics capabilities to its learning platforms.
“We have been associated with Perceptron since last year. We are taking this association to the next level. This is a strategic move to strengthen our digital capabilities as the startup brings complementary technology platform to NIIT. It is an early stage startup, so the deal size is not very big,”
said Udai Singh, head of new business initiatives, NIIT Ltd.
It also announced the appointment of Satish Sukumar, Co-Founder and Chief Executive (CEO) of Perceptron as Chief Technology Officer of StackRoute Labs. StackRoute Labs is an NIIT project to build competencies in areas such as machine learning, IoT and full stack product engineering.
Rahul Patwardhan, CEO, NIIT in a statement said,
“Taking forward NIIT’s thrust on Digital Transformation in the EdTech domain, this strategic acquisition of Perceptron will further strengthen NIIT’s leadership role in the Digital Learning World.”
‘Ilimi’, which is Perceptron’s next-gen learning platform, combines leading edge developments in semantic computing, predictive analytics, learning science, and digital transformation technologies, to create an environment for implementing learner-centric, immersive learning and mastery learning strategies.
A total of 18 people from Perceptron including co-founder and chief executive Satish Sukumar will join NIIT’s team. Sukumar will serve as chief technical officer (CTO) of StackRoute Labs, NIIT’s new research entity, established mid last year, to build deep competencies in areas such as machine learning, Internet of Things, data science and full stack product engineering.