Educomp acquires 70.5% stake in Canada based Savvica Inc

Published on Wed, Sep 19, 2007 at 12:15 |  Source : Moneycontrol.com

Updated at Wed, Sep 19, 2007 at 12:39  

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Educomp today announced that it has acquired 70.5% strategic stake in Toronto based Savvica Inc .

Savicca is a leading eLearning company focused on web based learning management and education communities. Savicca own a next generation platform for rapid creation and deployment of scaleable education communities. Educomp''s investment in Savicca is to leverage its Internet based competencies in the areas of community building, online tutoring, web based learning, and digital content.

Savvica Inc. was founded in December 2005 with a mission to elevate online learning with Learning Management Systems (LMS) that are usable and intelligent. The company's flagship and highly successful product Nuvvo, is an on-demand e-learning service designed for individual instructors. Nuvvo also features e-commerce, which allows instructors to charge for courses. Instructors can list their courses in Nuvvo's eLearning Market, an ebay -like listing site where students browse courses and request enrollment.

This is Educomp's forth acquistion this year after ThreeBrix e-services, an online tutoring company, Ask n Learn, Singapore's largest e-learning company and AuthorGen Technologies Pvt Limited, a pioneer and leader in the area of web 2.0 platforms for online learning. 

Sourced From: Mutual Public Relations

  

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