Hyderabad-based skill development and training company TalentSprint Educational Services Pvt Ltd has acquired Java Learning Center (JLC) for an undisclosed amount, the company said in a release.
Currently, JLC claims to train over 2,000 people per year and post this deal, it plans to expand to 6,000 and the combined capacity of both the companies will rise to 30,000 trainees per year by 2020.
“With the acquisition of JLC, we expect to significantly accelerate the creation and deployment of skilled IT professionals in Bangalore, India’s largest IT hub. With increasing margin pressures and global competition, IT firms are keen to recruit skilled programmers using a cost-effective, just-in-time model. This transaction is going to increase their choices considerably,” said Santanu Paul, CEO and MD TalentSprint.
JLC, a Bangalore-based company, offers advanced programming courses in Java and related technologies. The learning centre uses a blended learning platform combining contact and virtual classrooms to deliver scale with quality. It currently operates multiple centres across the city.
“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 who reach Bangalore from all over India,” said Srinivas Dande, founder of JLC.
Tathva Capital Advisors worked as financial advisor on this deal.
Founded in 2005 by Srinivas Dande, JLC claims to have trained around 25,000 graduates since its inception. Dande, who did a master’s in Computer Science, started his career as a software engineer in Sun Microsystems. The firm has three learning centres in Bangalore located at Mathikere, BTM Layout and Marathahalli.
Nexus Venture Partners-backed TalentSprint is a National Skill Development Corporation (NSDC) partner. It offers employability programmes to professionals by using experiential learning and Ipearl. Ipearl is a virtual interactive platform for employability and remote learning. TalentSprint claims to have ‘graduated’ around 1,00,000 professionals in the IT and BFSI sectors.
Recently, NSDC invested $1.57 million in TalentSprint for an undisclosed stake in a Series B round of funding.