City-based TalentSprint, a skill development and integrated talent management company acquired Bengaluru-based Java Learning Centre (JLC) for an undisclosed amount.
According to a press release, JLC specialises in offering advanced programming courses in Java and related technologies to new job-seekers and young professionals.
“With the acquisition of JLC, we expect to significantly accelerate the creation and deployment of skilled IT professionals in Bengaluru, India’s largest IT hub. With increasing margin pressures and global competition, IT firms are keen to recruit skilled programmers round the year using a cost-effective, just-in-time model. This transaction is going to increase their choices considerably,” said Santanu Paul, CEO & MD TalentSprint.
JLC currently operates in multiple centres across Bengaluru integrated via the virtual learning platform. The transaction was advised by Tathva Capital Advisors, a consulting and advisory firm.
As a result of the transaction, the combined entity will have around 6,000 trainees and is expected to grow to 30,000 trainees per year by 2020.