NIIT soars nearly 5 per cent on acquiring start-up Perceptron Learning Solutions

By: | Updated: September 27, 2016 4:53 PM

NIIT shares surged nearly 5 per cent on Tuesday after it informed bourses that it has acquired the business of Bangalore-based start-up ‘Perceptron Learning Solutions’.

NIIT soars nearly 5 per cent on acquiring start-up Perceptron Learning SolutionsNIIT shares surged nearly 5 per cent on Tuesday after it informed bourses that it has acquired the business of Bangalore-based start-up ‘Perceptron Learning Solutions’.

NIIT shares surged nearly 5 per cent intraday on Tuesday after it informed bourses that it has acquired the business of Bangalore-based start-up ‘Perceptron Learning Solutions’. The strategic acquisition will bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling NIT to further accelerate its Digital Transformation initiatives – StackRoute, digiNxt, and Training.com.

At 2.54 pm, NIIT share price of the company was trading 2.31 per cent up at Rs 99.80. The scrip opened at Rs 98.15 and touched a high and low of Rs 102.40 and Rs 98, respectively. Later, the scrip settled 1.69 per cent up at Rs 99.20.

‘llimi’, which 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.

In a BSE filing, the company said, “Perceptron’s acquisition builds on NIIT’s strategic focus for a leadership role in the Digital Learning world. Together with existing platforms, this will become an integral part of NIIT’s future multi-modal learning platform and 360 degree learning eco-system. Further, Perceptron’s co-founders and engineering team will strengthen NIIT’s technology talent poll with their proven expertise.”

The BSE group ‘B’ stock of face value Rs 2 has touched a 52-week-high of Rs 107.80 on Sep 20, 2016 and a 52-week-low of Rs 67.55 on Feb 12, 2016.

The promoters holding in the company stood at 34.12 per cent, while institutions and non-institutions held 22.42 per cent and 43.47 per cent respectively.

NIIT, a global leader in Skills and Talent Development, offers multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals in over 40 countries.

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