Educomp Solutions acquires Toronto based Savvica Inc

Educomp Solutions Ltd has announced that the Company has acquired 70.05% equity in Savvica Inc. based out of Toronto, Canada, Savicca is a leading e-Learning Company focused on web based learning management and education communities.

Savicca own a next generation platform for rapid creation and deployment of scaleble education communities. The Company's investment in savicca is to leverage its Internet based competencies in the areas of community building, online tutoring, web based learning, and digital content.

The Stock closed the day at Rs.3030.25, up by Rs.129.35 or 4.46%. The stock hit an intraday high of Rs.3070 and low of Rs.2921.55.

The total traded quantity was 206740 compared to 2 week average of 91069.

Source : Equity Bulls

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