NIIT buys out Eagle Productivity Solutions for USD 8.1 million

Date: 2018-01-04   Author: Saipriya Iyer  Category: #news

NIIT buys out Eagle Productivity Solutions for USD 8.1 million

NIIT Limited, a major Indian firm offering computer training & learning management courses to firms, individuals, and institutes, has reportedly purchased Eagle International Institute Incorporation, a professional training & coaching institution based in Rochester, for USD 8.1 million. Some of NIIT’s key officials have revealed that the firm will make both the upfront as well as deferred payments to the latter over the next five years. As per sources, NIIT has acquired Eagle Productivity Solutions through its fully owned entity referred as NIIT USA Incorporation based in the U.S.

Industry analysts have claimed that the buyout of Eagle will reinforce NIIT’s consumer base across the pharmaceutical as well as life science sectors. This strategic move will reportedly help expand the firm’s training abilities for rollouts of its cloud based applications across the life sciences & pharma businesses. The chief executive of NIIT has further stated that life sciences along with software sector has always interested the firm and with the successful acquisition of Eagle, NIIT is certain to have obtained a profitable opportunity to explore the new domain. With the latter having a strong customer base across the emerging life sciences sector, it is believed that NIIT will accrue large profits over the next few years.

According to reliable sources, the three main business lines of NIIT, namely, Corporate Learning Group, School Learning Group, & Skill and Careers Group contributed nearly 65%, 8%, and 27% respectively towards the firm’s overall revenues estimated at INR 1200 crore through March 2017. Reports also claim that the firm had accrued a net profit worth INR 4.85 crore in this duration.  It is estimated that with the current acquisition pact with Eagle, that accumulated profits worth USD 10.7 million last year, the revenue of the NIIT will soar further in the near future.



About Author


Saipriya Iyer linkdin-boxtwitter

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

Post Recommendents

Intelligent Process Automation(IPA) Market Covid-19 Impact In-Depth Industry Analysis 2026

Author: Ashwin Naphade

The research report on Intelligent Process Automation(IPA) market offers critical information such as the development trends, restraints, CAGR, revenue prospects, product type, application scope, competitive scenario, and COVID-19 impact.

<...


Passive Optical LAN (POL) market players to make profitable investments during 2021-2026

Author: Ashwin Naphade

Global Passive Optical LAN (POL) Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2026. This report will assist in analyzing the current and future business trends, sales and revenue forec...


Research on Intelligent Machine Control System Market 2021: By Growing Rate, Type, Applications, Geographical Regions, and Forecast to 2026

Author: Ashwin Naphade

Intelligent Machine Control System market report is a comprehensive analysis of the growth dynamics and revenue inflows in this industry sphere over 2021-2026, inclusive of Covid-19 impact.

The latest research report on Intelligent Machi...