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TalentSprint Buys Bengaluru Based Java Learning Center. Acquisition to accelerate the company’s mission of skilling one million industry-ready professionals by 2020.
Acquisition to accelerate the company’s mission of skilling one million industry-ready professionals by 2020.
Bengaluru: TalentSprint, a leader in professional skill development and integrated talent management, recently acquired Bengaluru-based Java Learning Center (JLC) for an undisclosed amount. JLC specialises in offering advanced programming courses in Java and related technologies to new job seekers and young professionals, and is the preferred brand in Bengaluru for aspirants seeking employment in the IT sector.
“Early on, we recognized the natural synergy between TalentSprint and JLC. We are pleased that our plans to collaborate have borne fruit. With the acquisition of JLC, we expect to significantly accelerate the creation and deployment of skilled IT professionals in Bengaluru, India’s largest IT hub. With increasing margin pressures and global competition, IT firms are keen to recruit skilled programmers round the year using a cost-effective, just-in-time model. This transaction is going to increase their choices considerably,” said Santanu Paul, CEO & MD TalentSprint.
JLC uses a blended learning platform which seamlessly combines contact and virtual classrooms to deliver scale with quality. It currently operates multiple centres across Bengaluru integrated via the virtual learning platform. The challenges faced by MOOCs (massive open online course) and other online learning systems in terms of poor course completion rates have shown that professional grade programming skills are best imparted through a blended model that intelligently combine contact and online modes of learning. As a result of the blended model, course completion rates at TalentSprint and JLC are in excess of 90%. The current JLC capacity of 2000 trainees per year will expand to 6000 immediately as a result of this transaction, and combined capacity will rise to 30,000 trainees per year by 2020.
“JLC is very pleased to become a part of the TalentSprint family. What brought us together was our shared commitment to producing top quality software professionals. By joining forces, we are well positioned to become the market leader in skilling new job seekers and IT career aspirants that reach Bengaluru from all over India, and offer them to all the software firms in Bengaluru as job-ready talent. ” said Srinivas Dande, founder of JLC, who was earlier with Sun Microsystems.
The transaction was advised by Tathva Capital Advisors, a consulting and advisory firm.
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