The collaboration will provide job-ready talent to the IT industry.
TalentSprint, a professional skill development and integrated talent management company has acquired Bengaluru-based Java Learning Centre (JLC) for an undisclosed amount.
JLC offers advanced programming courses in Java and related technologies to new job seekers and young professionals. It is the preferred brand in Bengaluru for aspirants seeking employment in the IT sector.
It seamlessly combines contact and virtual classrooms to deliver scale with quality. It currently operates multiple centres across Bengaluru, integrated via the virtual learning platform.
The challenge faced by MOOCs (massive open online courses) and other online learning systems in terms of the poor course completion rate has shown that professional grade programming skills are best imparted through a blended model that intelligently combines the contact and online modes of learning.
As a result of the blended model, course completion rates at TalentSprint and JLC are in excess of 90 per cent. The current JLC capacity of 2000 trainees per year will expand to 6000 immediately as a result of this transaction, and their combined capacity will rise to 30,000 trainees per year by 2020.
Santanu Paul, CEO & MD, TalentSprint, says, “Early on, we recognised the natural synergy between TalentSprint and JLC. Our plans to collaborate have borne fruit. 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,” adds Paul.
“By joining forces, we are well positioned to become the market leaders in skilling new job seekers and IT career aspirants who arrive in Bengaluru from across India, and offer them to all the software firms in Bengaluru as job-ready talent, ” states Srinivas Dande, founder of JLC.
The transaction was advised by Tathva Capital Advisors, a consulting and advisory firm.