HOME > BUSINESS > NIIT acquires Bangalore-based Perceptron’s business

NIIT acquires Bangalore-based Perceptron’s business

niitNIIT, an Indian multinational company in skills and talent development, said it has acquired the business of Bangalore-based start-up Perceptron Learning Solutions Pvt Ltd.

Established in 2014, Perceptron focuses on developing learning platforms that combine deep analytics and semantic computing to ensure better learning outcomes.

“Taking forward NIIT’s thrust on digital transformation in the EdTech domain, the acquisition of Perceptron will further strengthen NIIT’s role in the Digital learning World. NIIT will continue to look for innovative start-ups and talent in the EdTech space,” said Rahul Patwardhan, CEO, NIIT Ltd.

The company said the acquisition will bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling NIIT to further accelerate its digital transformation initiatives – StackRoute, Digi Nxt, and Training.com.

NIT also announced the appointment of Satish Sukumar, Co-Founder & CEO of Perceptron as CTO of StackRoute Labs. “StackRoute Labs is an NIIT initiative to build deep competencies in areas such as machine learning, IOT and full stack product engineering. These are critical to the digital transformation of enterprises. StackRoute Labs builds IP, offers consulting and creates advanced courses such as the full-stack bootcamps delivered at StackRoute and NIIT’s DigiNxt.”

“Together with existing platforms, NIIT and Perceptron will become an integral part of NIIT’s future multi-model learning platform and 360 degree learning eco-system. Further, Perceptron’s co-founders and engineering team will strengthen NIIT’s technology talent pool,” said NIIT.

Perceptron has implemented its learning solutions in both adult learning and the primary education space.

Satish Sukumar, Co-Founder & CEO of Perceptron said, “Joining the NIIT eco-system gives us the opportunity to work on some of the most challenging problems in the EdTech domain and continue to innovate.”

Perceptron’s learning platform “limi” 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 & mastery learning strategies.

Ilimi’s MOOC 2.0 learning environment, combines short videos with personalized attention guided by analytics & Social learning. The custom limivideo player allows the integration of intercept points to integrate a range of learning activities with video content, according to the company.

The platform is cloud-based and mobile friendly and its Micro-Services architecture ensure scalability and high availability while retaining the flexibility to integrate with existing systems through API’s.

limi technology is one of the Core components of the EkStep learning platform. EkStep (www.ekstep.org), a not-for-profit initiative set up by Nandan Nilekani, Rohini Nilekani and Shankar Maruwada, is creating a collaborative, universal platform, digital infrastructure and tools to increase access to learning opportunities for children by facilitating creation and consumption of educational content.

NIIT, established in 1981, offers learning management and training delivery solutions to corporations, institutions, and individuals in over 40 countries.

NIIT has three main lines of business across the globe- Corporate Learning Group, Skills and Careers Group, and School Learning Group.

Follow ULTRA.news
IT companies using illegal tactics to force workers to resign: FITE The Forum for IT Employees, arguably the IT workers rights organization with the largest number of well-wishers and supporters, accused IT companies of using illegal and unethical means to force their workers to submit their resignations.In a meeting with Maharashtra Chief Mi...
Reliance Capital receives Rs 378 cr from Nippon Life for AMC stake Anil Ambani Group's Reliance Capital said it received Rs. 378 crore from Nippon Life Insurance, one of the largest life insurers in the world, after the foreign company increased its stake in Reliance Nippon Life Asset Management Limited to 49%.The original agreement to incre...
Wipro opens Artificial Intelligence research facility in Israel University IT and outsourcing services provider Wipro said it will use students at Israel's largest university to jointly conduct research into artificial intelligence.The company inked an agreement with Tel Aviv University, Israel's largest institution of higher learning which is home ...
Bajaj Auto, KTM decide to invest into Husqvarna motorcycle brand Bajaj Auto said it agreed with its Austrian associate KTM to expand the brand sales and shift some of the production of Husqvarna motorcycles to Bajaj's factory in Chakan, Maharashtra.The brand Husqvarna, founded in 1903 in Italy, used to be owned by BMW at one time. It was b...
News Corp buys Bangalore-based media software firm GyanMatrix Rupert Murdoch's News Corp announced yet another acquisition in India with the agreement to purchase Bangalore-based GyanMatrix Services Private Limited.P Hariharan, founder GyanMatrixThe company, which provides software solutions for media and publishing companies, will...
HPCL appoints bankers for Rs 6,000 cr FCCB issue Hindustan Petroleum Corp Ltd said it had appointed banking intermediaries for organizing investor meetings in the run up to raising Rs 6,000 cr ($930 mln) by selling foreign-currency denominated bonds.The bonds will be non-convertible, and will be issued if the meetings disco...
IT woes to bring down real estate rentals in Bangalore, IT hubs With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents...
Anil Ambani Group ties up with Thales for Rafale contracts Reliance Defence, the defence manufacturing arm of the Anil Ambani group, said it will form a joint venture in India with global defence manufacturer Thales to carry out some contracts related to the Rafale jet deal.The Indian company will hold 51% of the equity while the fo...
Axis Bank confirms exiting POS maker Mswipe Axis Bank confirmed it had sold its 8% share in new-generation card-swiping-machine company Mswipe Technologies.In a regulatory filing, the private sector bank said it sold its 8% stake for Rs 80.94 cr, or Rs 4,249 per share.Mswipe is one of the new generation, low-cost ...
TCS to create apps on Siemen’s IoT platform MindSphere Tata Consultancy Services said it will create applications on MindSphere, the cloud-based, open IoT operating system from Siemens.TCS CEO Rajesh GopinathanIoT stands for 'Internet of Things' and refers to connectivity between two machines over the Internet, with zero h...
Grasim-Adiya Birla Nuvo merger approved, ABFSL listing soon The Aditya Birla Group said it got the approval of the Company Law Tribunal for the merger of Aditya Birla Nuvo Ltd and Grasim industries Ltd and the listing of Aditya Birla Financial Services Ltd.The approval was obtained from the Ahmedabad bench."The approved Scheme ha...
Sun TV could benefit from RCom’s financial troubles Newer equipment from Reliance Digital TV come with Chois HD 4K brandingSun Direct, the DTH arm of Sun TV, could end up benefiting from the financial troubles faced by Anil Ambani Group's Reliance Communications.Speaking to media yesterday, Reliance Communications top hon...
Bharti Airtel gets SEBI and stock exchange nod for Telenor acquisition Bharti Airtel said it received the approval of the Securities and Exchange Board of India, BSE and National Stock Exchange of India for its proposed merger with Telenor India. Bharti Airtel further stated that Telenor India and Airtel have today filed the joint company appli...
Tech Mahindra net profit down 31% due to rupee, poor growth Tech Mahindra said its revenue fell 0.8% quarter on quarter in the three months ended March to Rs 7,495 crore, while net profit fell 31% to Rs 588 cr.In dollar terms, revenue rose 1.3% quarter on quarter and in constant currency terms, it was up 0.9% QoQ.In dollar ter...
SpiceJet introduces self check-in for baggage in Mumbai SpiceJet has introduced self check-in for baggage at Mumbai’s Chhatrapati Shivaji domestic airport.Customers flying with SpiceJet can now simply check-in their baggage at the self-service kiosks themselves up to 45 minutes prior to the departure time."Independent of...
Wipro rebrands itself, reveals new logo Outsourced services provider Wipro Ltd said it was undergoing a rebranding to reflect its evolving business."The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro’s expertise to address their business requirement...
RCom shareholders approve Aircel merger The shareholders of Reliance Communications approved the demerger of the wireless operations of the company into Aircel Limited and Dishnet Wireless Limited, the Anil Ambani Group company said.The Scheme was also approved at a meeting called on the directions of the National ...
WATCH LIVE – Moving towards a less visa-dependent model : TCS New TCS CEO Rajesh GopinathanTata Consultancy Services has reported Q4 revenue of Rs 29,642 cr, a decline of 0.3%, and said his company will wait and see about new US visa regulations that are scheduled to come out today.NEW VISA RULESOn new visa regulations expected...
No exemption to Tamil Nadu on NEET: Health Minister Health Minister Faggan Singh Kulaste at an event in DelhiExemptions to the National Eligibility cum Entrance Test cannot be given to any place or zones inside India as a common entrance test is required under the law, Faggan Singh Kulaste, junior minister in charge of health...
Airtel buys high-capacity 4G spectrum from Tikona in five circles Airtel Chairman Sunil MittalBharti Airtel said it has agreed to buy 4G spectrum from Tikona Digital Networks in five telecom circles, giving the company a pan-India footprint in the crucial capacity band and helping it compete on an even footing with Reliance Jio.Airtel ...
HRD ministry says won’t interfere in college politics Ramjas CollegeThe ministry of human resources development, which oversees educational institutions in the country, today refused to intervene in political protests and incidents in colleges."These autonomous institutions are established under the respective Acts of Parli...
Vodafone Idea merger to save Rs 7,000 cr per year; one-time cost Rs 3,000 cr The Idea Cellular-Vodafone merger announced today will save about Rs 14,000 cr in operating expenses per year for the combined entity after four years of merger, the two companies said.However, due to the applicability of spectrum caps on the combined entity, the deal will al...
Competition Commission clears RCom-Aircel merger Anil Ambani Group said the Competition Commission of India has cleared the merger of its telecom unit Reliance Communications with the wireless operations of Aircel Cellular, owned by Maxis Berhad of Malaysia.The clearance was expected since the two companies have very small ...
Permission sought to open 39 Ayurveda colleges in Uttar Pradesh Symbol of National Ayurveda Day (28 Oct)Various private entites have sought the central government's permission to open 39 Ayurveda colleges in the state of Uttar Pradesh, according to data obtained from the ministry of alternative medicine or AYUSH.Uttar Pradesh is alre...
Hindustan Aeronatics submits detailed proposal for Aerospace Univeristy A combat helicopter made by Hindustan Aeronautics Hindustan Aeronautics Ltd, India's biggest manufacturer of aeroplanes and related equipment, has submitted a detailed project report for setting up an aerospace university in the country, the government said.The university w...