NIIT acquired a 70% stake in Coimbatore-based iamneo, a deep skilling SaaS provider, for ₹61.3 crore, including a ₹10 crore primary investment. The remaining 30% will be acquired in phases over five years, tied to financial milestones
Key highlights:
AI-powered platform: iamneo’s SaaS tools focus on undergraduates and early professionals in GSIs/GCCs, enhancing NIIT’s digital curriculum
Leadership continuity: iamneo’s founders retain roles, ensuring operational stability
Market reaction: NIIT shares rose 2.75% to ₹130.55 post-announcement
The deal aligns with NIIT’s strategy to expand onboarding bootcamps and tech-driven skilling solutions
Source: Moneycontrol, Business Standard