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    Home»Uncategorized»Blackstone to acquire majority stake in Simplilearn for $250M
    Uncategorized

    Blackstone to acquire majority stake in Simplilearn for $250M

    July 19, 20211 Min Read
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    Blackstone has entered into a definitive agreement to acquire a controlling stake in Bengaluru-based edtech startup Simplilearn. According to sources, the deal size is pegged at $250 million.

    Founded in 2010 by Krishna Kumar, Simplilearn has been profitable for the fourth year in a row, the company said in a statement. The platform offers over 100 programs to help early to mid-career professionals acquire new-age digital skills across Cloud, DevOps, Data Science, Artificial Intelligence & Machine Learning, Digital Marketing, Cyber Security, and many more.

    Krishna Kumar, Founder & CEO, Simplilearn, said, the pandemic has only accelerated the need for digital skills and the industry has demonstrated absolute readiness for upskilling online. Hence, this is the most opportune time to take the next big leap in our journey to build the world’s largest digital skilling company.

     Read more/Source: YourStory

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions Blackstone peinsider Private Equity SIMPLILEARN
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