EDUCATION AND PLACEMENT FIRM EDSERV ACQUIRES CHENNAI FIRM

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Education and placement firm EdServ Softsystems has said that it has entered into a deal to acquire Chennai-based SmartLearn WebTV, a company specialising in e-learning offerings for engineering aspirants. With this acquisition, EdServ adds a new revenue stream to its education business and will now target the Rs 10,000 crore IIT-JEE & AIEEE (engineering entrance exams) training space, the company said. The company, which offers elearning courses, did not elaborated on the financial details regarding the acquisition of SmartLearn WebTV. This is EdServ's third acquisition in the last six months and immediately follows the acquisition of Hyderabad based firm SchoolMATE.

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