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Last Updated : Sep 27, 2016 02:00 PM IST | Source: Moneycontrol.com

NIIT up 5% on acquisition of Bangalore-based start-up Perceptron

IT training company NIIT shares rallied 5 percent intraday Tuesday on acquisition of Bangalore-based start-up Perceptron Learning Solutions develops next generation learning platforms.

 
 
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IT training company NIIT shares rallied 5 percent intraday Tuesday on acquisition of Bangalore-based start-up Perceptron Learning Solutions develops next generation learning platforms.


"The strategic acquisition will bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling company to further accelerate its digitial transformation initiatives - StackRoute, digiNxt and Training.com," the training company said in its filing.

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'llimi' 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 & mastery learning strategies.


NIIT 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.

At 13:45 hours IST, the scrip of NIIT was quoting at Rs 100.80, up Rs 3.25, or 3.33 percent on the BSE.

Posted by Sunil Shankar Matkar

First Published on Sep 27, 2016 02:00 pm
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