What are the expected benefits from the acquisition of Element K?
The acquisition makes NIIT and Element K, the leading global provider of comprehensive learning solutions. We now have more than 3,000 employees, over $250 million in revenue and a presence in 32 countries. The acquisition gives us a global reach through a combined presence and established reputation in 32 countries, where customers will access global learning solutions with local support. With operations and development staff around the world, customers will have access to the right balance of local and remote resources based on project requirements. They will also benefit from NIIT and Element K’s flexibility, scale and quality processes. What has been the revenue and margin growth of Element K over the past 5 years? Element K’s revenue in calendar year 2005 was in excess of $80 million with more than 90 per cent revenue coming from US. It has as its clients over 1,500 companies, including Microsoft, IBM, Adobe, Citi Group, Toyota, Accor and Cisco. Your views on NIIT’s revenues from
