HCL acquires Edurix
By Ria Sharma
HCL is a $6.2 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. The HCL team consists of over 90,000 professionals of diverse nationalities, who operate in more than 31 countries including over 500 points of presence in India.
HCL Infosystems, which specializes in hardware, services and ICT Systems Integration and Distribution, has announced the acquisition of Edurix, a part of Attano Media and Education Private Ltd. Edurix designs and implements content for the K-12 education segment. The business transfer between HCL Infosystems and Attano has been completed and included transfer of all fixed assets, IPR and the Human Resources of Edurix.
The acquisition by HCL Infosystems brings in-house content capability to its education & learning division, HCL Learning. The acquisition would supplement HCL Learning’s current offerings across the various segments – K-12, Higher Education and its Career Development Centre (CDC). HCL Learning would also have the flexibility to develop and customize content for tablets, dongles and online platforms.
Speaking about the deal, Mr. Anand Ekambaram, Senior VP, HCL Infosystems Ltd & Head, HCL Learning said, “HCL Learning is presently in a high growth phase and is poised for greater expansion. The acquisition of Edurix would further strengthen our content capabilities for the K-12 segment and bolster our offerings across different platforms and devices. Content differentiation combined with our technology capabilities will ensure that we provide best in class learning solutions to our institutional and individual customers.”
Apart from strengthening its operations in India, the acquisition will facilitate HCL Learning’s access to international markets and supplement growth in emerging markets like South East Asia, Middle East and Africa. Edurix has more than 150 employees in its two offices in Mumbai and Chennai. The integration of the Edurix’s business and teams with HCL Infosystems are currently underway.