Acquires Emantras; To focus on Corporate Learning Market
GP Strategies Corporation (NYSE: GPX), $490.5M Global Performance Improvement Solutions leader is targeting the domestic learning market with some aggressive moves. Last month, it completed the acquisition of certain assets and the business of Emantras, an innovative digital education company that provides engaging learning experiences and effective knowledge delivery through award-winning digital and mobile solutions.
Emantras strengthens GP Strategies’ e-Learning development capabilities in India, allowing it to better serve its domestic & global customer base with the latest digital learning solutions.
Scott Greenberg, GP Strategies’ Chief Executive Officer, stated, “The acquisition of Emantras brings us greater technical expertise in the e-Learning arena, allowing us to leverage resources while also enhancing our service offerings to our global customer base. We are delighted to have Emantras, an inventive solutions provider, as part of our company.”
The acquisition of Emantras adds on an employee base of more than 130 professionals at GP Strategies, Chennai, taking their total strength of learning professionals in India to approximately 270. The Indian Operations targets Rs.100 crores revenue from the niche Corporate Learning Market in India.
It is more than 10 years now since we entered India and we are serving Global clients. Now we see a clear opportunity in the Indian Market and therefore, we have initiated the first step by acquiring Emantras.
