Technology Education Services Provider NIIT Acquires Eagle International
Technology Education Services
Provider NIIT Acquires Eagle International
Technology
education services provider NIIT Ltd has acquired US-based Eagle International
Institute, Inc. for $8.1 million (Rs 51.3 crore) in cash. The deal value
includes both upfront and deferred payments to be made over five years, NIIT
said in a stock-exchange disclosure.
NIIT bought Eagle
International, which operates under the name Eagle Productivity Solutions,
through wholly owned unit NIIT USA Inc. The acquisition will strengthen NIIT’s
customer base in the pharmaceutical and life sciences industries and expand its
training capability for global rollouts of cloud-based enterprise applications.
NIIT chief
executive Sapnesh Lalla said “Life sciences domain and software application
adoption expertise have been of keen interest to the company and that Eagle has
a loyal and strong list of customers in the life sciences segment.”
Incorporated in
1988, Eagle provides technology training and work-process consulting services
to clients. IT has offices in New York and at Malaga, Spain. Its consolidated
revenue was $10.7 million in 2017.
Established in 1981, NIIT offers technology and computer training courses
to individuals, enterprises and various institutions.
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