Wednesday, May 27, 2015

TalentSprint Acquires Bengaluru-based Java Learning Center

TalentSprint, a professional skill development and integrated talent management company recently acquired Bengaluru-based Java Learning Center (JLC) for an undisclosed amount. JLC specialises in offering advanced programming courses in Java and related technologies to new job seekers and young professionals, and is the preferred brand in Bengaluru for aspirants seeking employment in the IT sector.
"With the acquisition of JLC, we expect to significantly accelerate the creation and deployment of skilled IT professionals in Bangalore, India’s largest IT hub. With increasing margin pressures and global competition, IT firms are keen to recruit skilled programmers using a cost-effective, just-in-time model. This transaction is going to increase their choices considerably,” said Santanu Paul, CEO and MD TalentSprint.Nexus Venture Partners-backed TalentSprint is a National Skill Development Corporation (NSDC) partner. It offers employability programmes to professionals by using experiential learning and Ipearl. Ipearl is a virtual interactive platform for employability and remote learning. TalentSprint claims to have ‘graduated’ around 1,00,000 professionals in the IT and BFSI sectors.Recently, NSDC invested $1.57 million in TalentSprint for an undisclosed stake in a Series B round of funding. The transaction was advised by Tathva Capital Advisors, a consulting and advisory firm.