NIIT Global has entered into a definitive agreement to acquire Element K, a provider of learning solutions in North America. The transaction is expected to close within two weeks.
Together, NIIT and Element K will emerge as the leading global provider of comprehensive learning solutions, with more than 3,000 employees, over $250 million in revenue, and a presence in 32 countries.
Element K’s $80 million learning solutions business leverages its renowned technology KnowledgeHub, and an award-winning suite of more than 3,500 courses. Its learning solutions are enhanced through custom content development and strategic learning services, to address specific business challenges.
NIIT Limited is known for its classroom and e-learning solutions designed for individuals and corporations. NIIT’s learning services combine instructor-led and online delivery, custom content development, learning technologies and managed services.
“This acquisition is consistent with our stated plans for accelerated growth in developed economies” stated Vijay Thadani, CEO of NIIT. “Element K has an established base of highly satisfied clients in the United States and Canada, and a well respected brand in the training industry. They are moving successfully into the North American Learning BPO marketplace, and will benefit from NIIT’s global presence and complementary learning services,” he added.
“We are very pleased to become part of NIIT’s global learning business” said Stephen Hoffman, CEO of Element K. “We look forward to leveraging their global reach and range of SEI-Level 5 assessed learning services. We believe NIIT will benefit from our extensive catalog of e-learning and instructor-led courses, hosted learning platform (KnowledgeHub), and excellent reputation in the U.S. corporate training market,” he added.
The unique and combined offerings strongly position NIIT and Element K to emerge as the leader in the Learning BPO marketplace. Key customer benefits include:
Global Reach: Through a combined presence and established reputation in 32 countries, customers will access global learning solutions with local support.
Global Efficiency: With operations and development staff around the world, customers will have access to the right balance of local and remote resources based on project requirements. They also will benefit from NIIT and Element K’s flexibility, scale and quality processes.
Comprehensive Solutions: NIIT and Element K have the collective experience and capabilities to deliver learning solutions that deliver business results. Both organizations have nearly 25 years of experience providing learning solutions.