India's Educomp Solutions Acquires 51% In US-Based Learning.com For $24.5 Mln

India-based Educomp Solutions Limited has acquired 51 percent in Educomp Solutions U.S.-based web-delivered curriculum provider, Learning.com for $24.5 million, which includes the purchase of subsisting shares plus an infusion of new capital into the company.

Learning.com offers Web-delivered curriculum and assessment to around two million students in schools across the United States.

Educomp said it anticipates to bring the whole suite of its intellectual property to schools in the US and to take Learning.com's products to its 4 million users in India as well as south-east Asia.

This is Educomp`s second strategic investment after the acquisition of Ask n Learn, the leading K12 Company in Singapore.

At 11:05 a.m., Educomp shares gained 0.61% at Rs 4,109.95 on the Bombay Stock Exchange.

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