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Simplilearn Secures Funding From IUVP

Simplilearn.com, an online education and training destination for professional certification courses, has raised capital from IndoUS Venture Partners (IUVP). The financial details of the deal have not been disclosed. Simplilearn plans to utilize the funding received, to expand its current portfolio of certification courses and also to add newer geographies. As a result, the company also aims to double its workforce.

Launched in 2009, Simplilearn is a Bangalore based web portal that offers online education and training for professional certification courses. Currently, the company offers 50 certification courses in Project Management, IT Services Management, IT Security Management, Quality Management, Financial Management, and Technology Certification. The company claims that it plans to increase its course portfolio to 100 courses by the end of financial year 2012-13. The company also claims to have trained over 35,000 aspirants across 135+ countries, including those from the world’s leading Fortune 500 companies.

Other Players

Tata Interactive Systems (TIS), which offers E-learning services and solutions,  had launched LearNow, a mobile learning ecosystem for enterprises. LearNow offers learning solutions for employees within organizations. The application claims to track performance and also create assessments dynamically on the mobile platform. It can be used by organizations to deploy training for selling new products, customer interaction guides, and step-by-step guides for deploying sales processes.

Edusys, a company that focuses on education training and certification, raised $7.5 million from Sequoia Capital. Edusys offers specific courses and test preparation modules, online and classroom courses and assessment, across various streams including courses in project management, six sigma certifications, risk management training, and negotiation skills training.  Apart from that, Edukart also offers courses in Retail Management, Finance Management, Project Management, Digital Marketing, Software Engineering, and Entrepreneurship, among others.

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