Global learning company, Pearson has acquired the e-tutoring venture TutorVista.com by buying the shares it does not already own in the Bangalore-based learning services company. In 2009, Pearson had acquired a minority stake in TutorVista, increasing its holding in 2011 to a controlling position of 80 percent.
Pearson has also named Srikanth Iyer, a senior member of the existing management, as new CEO of TutorVista.
“Through Pearson’s pedigree, systems and processes we are now a step closer towards establishing ourselves as the leading technology-enabled education services company in India, offering global standards of learning to Indian students, at affordable prices,” he said.
For over 17 years, Srikanth has been an Information Technology Entrepreneur. He has been the COO of Pearson Education Services, formerly known as Edurite Technologies, an education services company working in the school domain in India. Srikanth is also one of the co-founders of Edurite. He has been mainly responsible for Edurite's leadership position in India in the curriculum e-learning space.
Founded by Krishnan Ganesh in 2005, TutorVista has 1,300 employees across online tutoring, school management, ICT and test prep and tuition. Ganesh and Meena Ganesh, who lead TutorVista’s domestic operations, will give up all management roles in the company they jointly founded.
TutorVista claims delivery network for fast-growing education services such as school management, online tutoring, and technology based classroom solution for schools and test prep market. Through PES (formerly Edurite) it claims to have an active customer base in major cities as well as Tier II towns.
