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Educomp plans to acquire StudyPlaces.com for $1.5 million

Delhi-based e-learning solutions provider Educomp Solutions plans to acquire StudyPlaces.com for $1.5 million. StudyPlaces, which is owned by Zaptive Internet Services, helps students find, compare, evaluate and then select the right course, institute and country for their further study.

Delhi-based e-learning solutions provider Educomp Solutions plans to acquire StudyPlaces.com for $1.5 million. StudyPlaces, which is owned by Zaptive Internet Services, helps students find, compare, evaluate and then select the right course, institute and country for their further study.

In January 2008, StudyPlaces.com raised $3 million from venture capital firms Kleiner Perkins, Caufield & Byers (KPCB), Ram Shriram’s Sherpalo Ventures and the internet company Info Edge India (the Naukri.com group), with each entity investing $1 million in the company.

Educomp Solutions has already acquired 51 per cent stake in Learning.com for $24.5 million and 76 per cent stake in LearningHour.com for Rs 2.5 crore. UK-based publishing firm Pearson owns 50 per cent stake in Educomp Solutions which it had acquired in June 2009 for $17.5 million.

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