Transaction Announcement: Educomp Solutions acquires a strategic stake in Gateforum Educational Services Pvt Ltd
Four-S Services Pvt. Ltd. acted as sole financial advisor to Educomp Solutions Ltd for the acquisition of a strategic stake in GATE test preparation player, Gateforum Educational Services Pvt Ltd. The acquisition supports Educomp's aggressive growth strategy in the Supplemental Education Market. This is the second deal closed by Four-S for Educomp within the current financial year. Four-S also acted as sole advisor for the acquisition of a strategic stake by Educomp in Vidya Mandir Classes Pvt Ltd in August 2010.
Founded in 1994, Educomp is a globally diversified education solutions provider and the largest education company in India. Over the years, Educomp has been at the forefront of pioneering initiatives in the education space. With an employee base of more than 10000 professionals, Educomp serves 26,000 schools and 15 million learners and educators in India as well as the US, Canada, Singapore and Sri Lanka. It operates through its various subsidiaries including authorGEN, Threebrix eServices, Learning.com, USA, AsknLearn Pte Ltd, Singapore, and via its assoiciates such as Savvica Inc in Canada. The company works closely with schools to implement innovative models to create and deliver content to enhance student learning. Educomp's long undiluted focus on curriculum design and teacher education space, in developing applications and products, has revolutionized leverage of information technology and Internet for education. Educomp has also embarked upon innovative IP-driven projects to set up pre-schools, high schools and professional and vocational educational institutions. For more information, visit www.educomp.com.
Gateforum is an education services company that provides preparatory tools for Graduate Aptitude Test in Engineering (GATE). The company is a leader in GATE preparation in India with presence more than 40 cities in the country through a mix of own and franchisee centers and the pioneer in offering several products including eTutor (online coaching) and classroom based all India test series for students preparing for GATE. Students from Gateforum have been getting outstanding results in GATE over the last few years. In GATE 2010, 13 Gateforum students got top 10 ranks and 115 students achieved top 100 ranks.