Educomp acquires 51% in learning.com

Educomp Solutions has invested 24.5 million dollars for acquiring 51% stake in US-based Learning.Com, a provider of web-enhanced instruction.Educomp has acquired 51 per cent stake in Learning.Com, the company said in a filing to the Bombay Stock Exchange(BSE), adding that it has invested a total of 24.5 million dollars in the transaction, which included the purchase of existing shares as well as infusion of new capital into the company.
Through this deal, Educomp has got distribution access to over 800 districts and leverages its substantial content development and IT capabilities to reach out to North American markets.
Learning.Com, founded in 1999, serves nearly two million students in schools across the United States and has partnership with schools and districts throughout the United States.
This partnership would facilitate both Learning.Com and Educomp to bring the entire suite of Educomp's intellectual property to schools in the US and bring Learning.Com's products to Educomp's four million users in India and SE Asia.
This is Educomp's second strategic investment after the acquisition of Singapore-based Ask n Learn.