Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Edserv Softsystems acquires

Posted On: 2009-09-30 06:01:10

Close on the heels of announcing its foray into the Schools segment, Chennai based education & placement company EdServ Softsystems Ltd, has announced the 100% acquisition of, an online tuition portal. EdServ will acquire the entire portal business of along with its several hundreds of tutors / teachers and will now have direct access to the large 50,000 plus student base of

Chennai headquartered is an online portal company connecting students directly with tutors for expert lectures, doubt clearing sessions and exam preparation using audio and video chat tools. provides online teaching services both in a 'one-to-one' format as well as 'one-to-many students' format. In addition to the big domestic student base, has students from the US, UK, Africa, Middle East and South East Asia availing its online tuition services. This strategic acquisition of will help EdServ jumpstart its school expansion plans, where in the company is targeting to open 50 schools over the next 6 months.

EdServ expects to gain quick spread across the large student base that already avail tuition services on This acquisition is expected to start generating revenues for EdServ from the next quarter. As part of this acquisition, EdServ plans to merge its to-be-launched EdClass product with portal to make it available across all types of Internet users of both school and college levels including home based users over Web on registering with EdServ. This enables the students to avail all kinds of online learning services like tuition, exam preparation, video classes, online tests, doubt clearing sessions, and expert lectures apart from multi-skill development like Spoken English across India instantly.

Expanding Online Tutor base - EdServ shall also quickly expand the tutor base from a few 100s currently on-board to 1,000+ in the next 3-6 months. The company will target career oriented housewives, retired professors and part time lecturers from all over India to connect from home and to broadcast online.

Commenting on the acquisition in the online tuition services space, S. Giridharan, Chairman and CEO, EdServ said, "With increased access to the internet services in India, online tuition is gaining acceptance among school and college students and is expected to take off in a big way in the Indian market Online tuition coupled with online tests and other exam preparation aids will help students gain tremendous skills and training to face exams and to perform well in academics."

Giridharan added, "Our plan is to aggressively market the online tuition services through so as to get into the larger tuition market among school students across India. With Spoken English skill development through online interactive sessions gaining popularity especially in the Asian market, we will also expand our presence into the overseas market by taking this online tuition service into markets such as China and Vietnam over the next 6-12months."

Targeting college students with online tuition services - For the college segment, where EdServ already has a strong presence through its online assessment Engine, the company will now make available this online tuition services for the college students by connecting to their choice of lecturers through the improved EdClass in for an affordable additional fee.

G. Sujal, CEO,, said "EdServ is a well known player in the education space. With then-strong backing, we are confident that has the potential to become the leading online tuition portal in the country in the years to come".

The stock closed the day at Rs.131.55, up by Rs.4.05 or 3.18%. The stock hit an intraday high of Rs.133.85 and low of Rs.124.95.

The total traded quantity was 262776 compared to 2 week average of 150596.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

DCM Nouvelle Ltd performs Bhoomi Poojan for new plant at Hisar, Haryana

The Sukhjit Starch and Chemicals Ltd board approves warrants issue at Rs. 300

Rail Vikas Nigam Ltd secures Rs. 1034.90 crore contract for Indore Metro Rail project

Welspun India Ltd board approves plan to expand towel manufacturing capacity

Mukand Ltd announces retirement of MD, Joint MD

Gujarat Themis Biosyn Ltd announces resignation of Non-Executive Directors

Sunteck Realty Ltd appoints two independent directors

SREI Infrastructure Finance Ltd announces resignation of Mr. Ram Krishna Agarwal as Director

KEC International acquires an EPC company in the Oil and Gas Pipelines sector

Bliss GVS Pharma Limited purchases immovable property from JMFARC

Adani Ports and Special Economic Zone Ltd board approves issue of NCDs to raise Rs. 1000 crore

Shree Ganesh Remedies Limited board recommends 1:5 bonus issue

Sobha Ltd appoints Mr. Yogesh Bansal as CFO

Orchid Pharma Ltd updates on transfer of formulations business

IRB Sindhudurg Airport Pvt. Ltd., receives Aerodrome License for its Sindhudurg Airport at Chipi

INOX Leisure Limited starts commercial operations of Multiplex Cinema Theatre at Reliance Mall, Bhilwara

Zydus Cadila receives final approval from USFDA for Vortioxetine Tablets

ISGEC Heavy Engineering Ltd shareholders approve appointment of directors

Apollo Hospitals Perform India's First True Robotic Bariatric Surgery using Robotic Staplers

IIFL Home Finance signs agreement for Co-lending with Punjab National Bank

CM Naveen Patnaik Inaugurates the extended Alumina refinery of Utkal Alumina at Kashipur, Rayagada

Tamilnad Mercantile Bank Inaugurates e-Lobby at Tirumala

Eveready Industries Ltd initiates recovery proceedings for Rs. 4.12 crores from McNally

India Ratings Revises Aegis Logistics' Outlook to Positive, Affirms 'IND AA'

Route Mobile Limited board to consider fund raising proposal on Sep 22, 2021

HLE Glascoat to acquire the global business of Thaletec GmbH

MAS Financial Services Ltd raises INR 100 crore via market-linked NCDs (MLD)

NCL Industries Ltd inks JV agreement with Moravia Containers A.S.

Asian Energy Services Limited to invest in VAAN Electric Moto Pvt Ltd

NODWIN Gaming acquires gaming adjacent IPs and gaming talent business from OML Entertainment for INR 73 Crores

Bajaj Finance Ltd invests Rs. 195.54 crore in Bajaj Finserv Direct Ltd

Vipul Organics Ltd to acquire industrial land

Wipro announces Co-innovation Space with Google Cloud

NODWIN to acquire Gaming and Live IPs of OML Entertainment Pvt Ltd

Mr. Venugopalan Kesavan resigns as Group CFO of Narayana Hrudayalaya Ltd

G E Shipping delivers its 2003 built Aframax Crude Carrier 'Jag Lata'

Intellect announces Strategic Partnership with Resurs Bank

JM Financial Products Limited announces Tranche I Public Issue of upto Rs. 500 crore of NCDs

Ramky Infrastructure Limited bags contract of Rs. 250 crores

The Shipping Corporation of India Ltd gets Ministry approval for demerger of non-core assets

Moneyboxx Finance raises INR 7.5 crore from DCB Bank Ltd

pTron launches Gaming Earbuds and 3 New TWS Earbuds ahead of the Festive Season, Prices starts at 999/-

Gloster Limited signs MoU with Telangana Government for investment of Rs. 330 crores

Sobha Limited announces resignation of CFO

Bajaj Holdings & Investment Ltd board declares interim dividend of Rs. 90

Coral Laboratories Ltd announces resignation of Non-Executive Director

SAB Industries Ltd announces resignation of MD

Dynamatic to manufacture Aerostructure Assemblies for Boeing's F-15EX Eagle II Fighter Aircraft

Zensar recognized as a Disruptor in Avasant' s Digital Talent Capability 2021 RadarView™report

eClerx Services Limited board approves buy back of shares at Rs. 2850

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020